STM QUIZ @

Which of the following is a political factor that can influence a company's macro-environment?

• Consumer spending habits

• Exchange rates

• Trade restrictions and tariffs

• Inflation rate

Which economic factor directly affects the purchasing power of consumers?

• Political instability

• Interest rates

• Social media impact

• Cultural diversity

What is an example of a sociocultural force in the macro-environment?

• Data analytics

• Climate change

• Changing values and beliefs

• Exchange rates

Which technological factor is most closely associated with digital transformation?

• Artificial intelligence

• Government subsidies

• Inflation rates

• GDP

Which of the following is an example of an environmental factor affecting companies?

• Antitrust laws

• Resource depletion

• Supplier bargaining power

• Social media

Which legal condition affects a company's intellectual property protection?

• Trade restrictions

• Exchange rates

• Intellectual property rights

• Business cycles

In the Five Forces Framework, which force refers to the threat of companies entering the industry?

• Supplier bargaining power

• Competition from potential new entrants

• Customer bargaining power

• Rivalry among existing sellers

When is rivalry among competing sellers in an industry likely to be higher?

• When products are highly differentiated

• When switching costs are low

• When demand is growing rapidly

• When few competitors exist

What action might existing companies take to defend against new entrants?

• Reducing labor laws

• Increasing advertising and discounts

• Ignoring new competitors

• Raising capital requirements for entry

Which of the following is a barrier to entry that discourages new companies from entering an industry?

• Strong brand loyalty

• Low supplier power

• Lack of substitute products

• Strong customer bargaining power