
CMP8.TestW7
Quiz
•
Social Studies
•
Professional Development
•
Practice Problem
•
Medium
Thinh Vu
Used 2+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT considered an internal factor affecting an organization?
Organizational culture
Employees
Competitors
Management systems
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In an open system model, what are considered as outputs?
Raw materials and labor
Financial resources
Products and services
Competitors and regulations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Technological advances affect organizations by:
Lowering the barriers to entry for competitors
Reducing the need for skilled labor
Creating new products, services, and methods of production
Eliminating the need for strategic planning
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The competitive environment is most intense when:
Suppliers have significant bargaining power
There are high barriers to entry for new firms
There are many substitutes for a company's products or services
Customers are loyal and unlikely to switch brands
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following combinations can result in a worst-case scenario?
Few entry barriers, high industry growth
High entry barriers, low industry growth
Few entry barriers, low industry growth
High entry barriers, high industry growth
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following external factors is most likely to directly influence the introduction of new government regulations for a business?
Technological advancements
Political and legal environments
Demographic changes
Economic fluctuations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Strategic maneuvering refers to an organization's ability to:
Avoid external environmental changes by remaining static.
Manipulate its internal environment for competitive advantage.
Adapt its strategies to overcome threats and capitalize on new opportunities.
Ignore competitive pressures in order to focus solely on internal matters.
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