
MGT0006 Week 16
Quiz
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Business
•
University
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Practice Problem
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Medium
Mahnoush Gharehdash
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of Porter’s Five Forces?
Threat of New Entrants
Bargaining Power of Suppliers
Technological Advancements
Industry Rivalry
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a high threat of substitutes impact an industry?
Increases profitability
Decreases customer loyalty
Reduces competition among existing firms
Increases barriers to entry
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategy can businesses use to reduce the bargaining power of suppliers?
Build strong customer relationships
Increase switching costs for suppliers
Develop alternative sources of supply
Merge with competitors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors increases the threat of new entrants?
High economies of scale
Strong brand loyalty among customers
Low capital investment requirements
High government regulations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an internal stakeholder?
Government regulators
Customers
Employees
Suppliers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stakeholder analysis helps organizations to:
Ignore the concerns of non-profitable stakeholders
Increase short-term profits only
Understand and manage relationships with key stakeholders
Eliminate the influence of external stakeholders
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are considered stakeholders in a business?
Only the company’s employees
Anyone affected by the company’s actions
Only customers and suppliers
Only shareholders
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