STRAMAN-PRELIM-Part2

STRAMAN-PRELIM-Part2

University

30 Qs

quiz-placeholder

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STRAMAN-PRELIM-Part2

STRAMAN-PRELIM-Part2

Assessment

Quiz

Others

University

Practice Problem

Easy

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Sheena Sheena

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30 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

During the growth stage of an industry life cycle, companies focus on:

Reducing production

Expanding as customers become familiar with products

Retrenching from unprofitable markets

Reducing workforce

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The shakeout stage in the industry life cycle occurs when:

Companies reach maturity

Industry growth is no longer rapid enough to support all competitors

Profits are maximized

Market competition is eliminated

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Companies often pursue global expansion during the:

Introduction stage

Growth stage

Maturity stage

Decline stage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Michael Porter's five forces model analyzes:

The internal operations of firms

The potential profitability of firms in an industry

The marketing strategies of firms

The organizational structure of businesses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT part of Porter’s five forces?

Bargaining power of suppliers

Technological advancements

Threat of substitute products

Intensity of rivalry among firms

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Porter’s model focus on?

Analyzing market share

Determining a firm’s profitability

Evaluating a company’s HR practices

Monitoring financial growth

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the focus of strategy formulation?

Developing short-term operational plans

Developing long-term strategies for success

Allocating daily tasks

Assigning employee roles

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