External Audit

The "Analysis of the Evolution of the GDP (Gross Domestic Product)" is an example of:

• Social force

• Competitive force

• Economic force

• Technological force

The "Life Expectancy Rates" of the population of a given territory is an example of:

• Economic force

• Competitive force

• Technological force

• Demographic force

Which one of the following does not belong to the "Porter's Five Forces Model"?

• Supplier Power

• Substitute Products

• Economic Forces

• Buyer Power

Which one of the following does NOT cause "High Rivalry among Competing Firms"?

• Consumer demand is falling

• Barriers to enter the market are high

• Consumers can switch brands easily

• Competing firms are of similar size

Which of the following is NOT a "Barrier to Entry" in any given industry?

• Need to gain economies of scale quickly

• Low capital requirements

• Strong customer loyalty

• Lack of access to raw materials

Pressure from "Substitute Products" increases when:

• Prices of substitutes decrease

• Consumer’s switching costs increase

• Prices of substitutes increase

• None of the other answers is correct

The "Bargaining Power of Suppliers" decreases when:

• There is a low number of suppliers

• There is a low number of substitute options

• There is risk of vertical integration of suppliers

• The cost of switching supplier is low

The "Bargaining Power of Buyers" decreases when:

• Buyers are concentrated

• Products are standard or undifferentiated

• It is expensive for buyers to switch suppliers

• None of the other answers is correct

"Blue Oceans" are:

• New market spaces where competition is minimal

• Market segments with similar customers

• Niches of customers with similar preferences

• The selection of the main competitors

The External Factor Evaluation (EFE) Matrix:

• Identifies a maximum of 5 critical items

• Allows strategists to summarize the influence of external factors

• It is also known as “Competitive Profile Matrix”

• None of the other answers is correct