WorksheetsRÌ VIU
Total questions: 15
Worksheet time: 16mins
SWOT analysis refers to the analysis of the organization’s ???
Strength, Weakness, Opportunities, Threats
Strength, Weakness, Opportunities, Thrusts
Skills, Weaknesses, Opportunities, Threats
Strength, Workload, Opportunities, Threats
The Five Forces Model can be used to?
plan a firm's global strategy based on internal firm resources
understand a firm's strategic internal assets in global markets or regional markets
analyse a firm's competitive position in a specific market segment or similar market segments
explain why industry change may force firms to relocate parts of their business to other countries
In an industry, the threat of entry is high when?
capital requirements are low
expected returns are high
technological know-how is industry specific
switching costs are high
A situation analysis should be conducted ________
after developing a strategy
at a later stage in quality management
before a company is incorporated
at the beginning of any program or project
A business strategy that seeks to build competitive advantage with its product or service by having it be unique from other available competitive products would be classed as a _______ strategy.
low-cost leadership
differentiation
market focus
Which of the following is NOT an entry barrier to an industry?
economies of scale
customer product loyalty
bargaining power of suppliers
expected competitor retaliation
McDonald's created the first national chain of fast-food restaurants in a previously fragmented industry. This is called consolidation.
TRUE
FALSE
__________ can be defined as the process of exerting influence on others, especially peers and subordinates, in order to accomplish the common goals of the organization
Leadership
Management
Boss
Operating
Product differentiation refers to the _______
ability of the buyer of a product to negotiate a lower price
response of incumbent firms to new entrants
belief by customers that a product is unique
fact that as more of a product is produced the cheaper it becomes per unit
Which of the following is NOT an entry barrier to an industry?
bargaining power of suppliers
customer product loyalty
expected competitor retaliation
conomies of scale
Suppliers are powerful when?
satisfactory substitutes are available
they are in a highly fragmented industry
they sell a commodity product
The strategies for consolidating a fragmented industry are (a)
________ is a type of merger that takes place when there is a combination of two or more companies in the same business, product group, or product.
Horizontal merger
Concentric merger
Vertical merger
A ________________ is characterized by the existence of a large number of small and medium-sized units, and no single company has any significant market share.
Mature industry
Emerging industry
Declining industry
Fragmented industry
A ________ is one that has passed through the transition from a period of fast growth to more modest or stable growth.
Declining industry
Fragmented industry
Mature industry
Emerging industry
