Strategic Management Quiz 1

Strategic Management Quiz 1

University

10 Qs

quiz-placeholder

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Strategic Management Quiz 1

Strategic Management Quiz 1

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

Susan Zeidan

Used 214+ times

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10 questions

Show all answers

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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