IBM_tutorial_4

What does PESTLE analysis assess?

• Internal factors

• External factors

• Both internal and external factors

• Managerial performance

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

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

• Differentiation

• Focus

• Cost leadership

• Stuck in the middle

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

• Minimizes employee workload

• Enhances employee motivation and communication

• Reduces production costs

• Increases market share

Which of the following represents a sociocultural force?

• Inflation

• Population demographics

• Technological advancement

• Unemployment rates

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

What does SWOT analysis stand for?

• Strengths, Weaknesses, Opportunities, Threats

• Strategy, Weakness, Options, Threats

• Structure, Workflows, Opportunities, Techniques

• Success, Work, Optimization, Targets

In Porter's Five Forces model, high bargaining power of buyers leads to:

• Higher prices

• Increased profits for firms

• Lower prices and reduced profitability

• Fewer choices for consumers

What are tactics in a business context?

• Long-term strategies

• Short-term actions to implement a strategy

• Marketing plans

• Legal requirements

Which strategy would be most appropriate for a firm that wants to offer unique products?

• Cost leadership

• Differentiation

• Focus

• Stuck in the middle