STM Quiz 2 Sp25

Trade restrictions and tariffs are a political factor that can influence a company's macro-environment.

Evaluate responses using AI:

OFF

Interest rates directly affect the purchasing power of consumers.

Evaluate responses using AI:

OFF

Changing values and beliefs are an example of a sociocultural force in the macro-environment.

Evaluate responses using AI:

OFF

Artificial intelligence is a technological factor closely associated with digital transformation.

Evaluate responses using AI:

OFF

Resource depletion is an example of an environmental factor affecting companies.

Evaluate responses using AI:

OFF

Intellectual property rights are a legal condition that affects a company's intellectual property protection.

Evaluate responses using AI:

OFF

In the Five Forces Framework, the threat of companies entering the industry is called competition from potential new entrants.

Evaluate responses using AI:

OFF

Rivalry among competing sellers in an industry is likely to be higher when switching costs are low.

Evaluate responses using AI:

OFF

Existing companies might defend against new entrants by increasing advertising and discounts.

Evaluate responses using AI:

OFF

Strong brand loyalty is a barrier to entry that discourages new companies from entering an industry.

Evaluate responses using AI:

OFF