Strategic Management Quiz 1
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Susan Zeidan
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An external analysis is the process of scanning and evaluating an organization's various external environmental sectors to determine positive and negative trends that could impact on organizational performance.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Threats are positive external environmental trends or changes that will help the organization improve its performance.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The specific environment includes such sectors as demographics, economics, and political/legal factors.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buyers have bargaining power if the industry's product is not important to the quality of the buyers' products or services.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Substitute products can be found in the same industry
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An external analysis enables the organization to examine opportunities and threats
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Companies that use strategic management tend to have higher levels of performance.
True
False
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