IBM_tutorial_4

IBM_tutorial_4

Professional Development

25 Qs

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IBM_tutorial_4

IBM_tutorial_4

Assessment

Quiz

Financial Education

Professional Development

Practice Problem

Hard

Created by

Micheal Johnson

Used 6+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does PESTLE analysis assess?

Internal factors

External factors

Both internal and external factors

Managerial performance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a component of Porter's Five Forces model?

Threat of new entrants

Threat of government regulation

Bargaining power of suppliers

Industry rivalry

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business strategy focuses on being the lowest-cost producer in an industry?

Differentiation

Focus

Cost leadership

Stuck in the middle

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary advantage of Management by Objectives (MBO)?

Minimizes employee workload

Enhances employee motivation and communication

Reduces production costs

Increases market share

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following represents a sociocultural force?

Inflation

Population demographics

Technological advancement

Unemployment rates

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes a firm using a focus strategy?

Competing across all markets

Targeting a specific niche of the market

Offering the cheapest prices

Offering a wide range of products

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does SWOT analysis stand for?

Strengths, Weaknesses, Opportunities, Threats

Strategy, Weakness, Options, Threats

Structure, Workflows, Opportunities, Techniques

Success, Work, Optimization, Targets

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