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WorksheetsHMG20403
Total questions: 20
Worksheet time: 40mins
_______ refers to a plan to direct all of the components of a business in a certain direction.
Controlling
Organizing
Resource-based view
Corporate Strategy
External environmental analysis reveals ________________.
opportunities and threats
strengths and weaknesses
organizational stakeholders
organizational performance
These strategies are the actions to be considered at the various functional levels of organization.
Unit-level strategies
Business-level strategies
Functional-level strategies
Corporate-level strategies
This stage of strategic management includes allocating resources to execute formulated strategy & preparing budgets.
Strategy planning
Strategy evaluation
Strategy formulation
Strategy implementation
When a firm aims on its internal resources to achieve and sustain its competitive advantage, it is emphasizing on _____.
operational-based view
industrial-based view
resource-based view
organizational-based view
The external environment is categorized into two environments which are:
general and organizational environment
general and industry environment
industry and internal environment
internal and general environment
"Customers (or buyer groups) have the most power when
they are large and purchase most of the industry’s output". This statement refers to _____________ under Porter's Five Forces Model.
threat of new entrants
rivalry among competitors
bargaining power of suppliers
bargaining power of buyers/consumers
Industry environment analysis is also known as _________________.
PEST analysis
internal analysis
competitive analysis
SWOT analysis
Rivalry among competitors can be most intense when ________________.
there are less competitors in the industry
the firms are competing in fast-moving industry
the competitors are different in terms of size and power
the industry has two or three dominant firms which are battling to be the dominant firms in the industry
The general environment is also known as ______________
organizational environment
macroenvironment
microenvironment
industry environment
The functional areas in a firm such as marketing, production, and Human Resources make up the ________________ analysis of a firm.
internal
external
general
industry
The 4Ps of the marketing mix comprises the following, EXCEPT:
price
packaging
place
promotion
________________ is the analysis of information obtained from within the company & it evaluates the strengths & weaknesses of the firm.
General analysis
Internal analysis
Industry analysis
External analysis
PEST (political, economical, socio-cultural, technological) are factors in the ______________ environment.
general
industry
competitor
internal
Which of the following IS NOT a political factor of the general environment?
Consumer protection laws
Tax policies
Changes in mobile technology
Employment laws
Which of the following can be considered as an internal factor of an organization?
Gross Domestic Product
Marketing strategies
Populations shifts
Changing consumer preferences
Which of the following IS NOT one of the Michael Porter's Five Forces?
Bargaining power of stakeholders
Rivalry among competitors
Threats of new entrants
Substitute products
Which of the following is the right phases of the Product Life Cycle (PLC) model?
Introduction, maturity, growth, decline
Product development, maturity, decline, growth
Introduction, growth, maturity, decline
Growth, product development, maturity, decline
When a company is able to maintain profits or its strengths over a long period of time, it has achieved ________________.
resource-based view
core competencies
competitive advantage
sustained competitive advantage
__________________ factors in the PEST analysis concerns with society's attitudes, cultural values, and demographic changes.
Political
Economic
Socio-cultural
Technological
