Business Management - Semester 2 Exam

_____ analysis is the process of gathering, examining, and interpreting all relevant data about internal and external factors.

• Marketing
• Situational
• Functional
• Competitive

Which result is NOT a consequence of globalization?

• increased standard of living in developing nations
• increased economic opportunities
• increased conflict between trading partners
• increased foreign development investment

An organization with a(n) _____ strategy pursues a set plan with specific goals.

• deliberate
• marketing
• competitive
• emergent

A _____ is a predetermined set of steps to complete a recurring task.

• SWOT analysis
• reengineering
• standard operating procedure
• tactical strategy

Automation is one way productivity increases through _____.

• outsourcing
• technology
• foreign direct investment
• emergence

Flexible and changing over time, a(n) _____ strategy might not align with established goals.

• independent
• emergent
• competitive
• situational

_____ management acquires the resources necessary to make products and services.

• Senior
• Inventory
• Purchasing
• Operations

According to the _____ model, an organization views the world as a single market and operates from a central location.

• corporate
• conglomerate
• international
• business

To _____ is to hire an external party to fulfill an organization’s work obligation.

• subcontract
• coordinate
• strategize
• invest

An organization’s skills and knowledge that set it apart from most others is its _____ competence.

• distinctive
• economical
• experienced
• marketing