Environmental Scanning Evaluation Test

What does EFAS stand for?

• External Factor Analysis Summary

• Environmental Factor Analysis Strategy

• External Framework Assessment System

• Evaluation Framework for Analysis Systems

Which of the following is a primary objective of EFAS?

• To analyze financial stability

• To evaluate internal processes

• To prioritize external opportunities and threats

• To identify organizational weakness

What does a rating of 4 indicates in EFAS analysis?

• High importance and strong organizational response

• Low importance and weak organizational response

• High importance but weak organizational response

• Low importance but strong organizational response

Why is cultural trend analysis important in EFAS?

• It helps determine financial risks

• It identifies customer preferences and social values

• It measures technological development speed

• It evaluates market entry barriers

What is the purpose of calculating a weighted score in EFAS?

• To estimate company revenue

• To summarize external factor impact

• To balance internal and external factors

• To determine market share

A factor with a weight of 0,5 and a rating of 3 will have a weighted score of?

• 1,5

• 2,5

• 3,5

• 4,5

Which of the following is NOT included in the Social Environment?

• Demographics

• Politics/Law

• Socio-Culture

• Bargaining Power of Suppliers

What does the "Treat of New Entrants" mean?

• The influence suppliers have on prices and terms

• How easily new competitors can enter the industry and disrupt existing players

• The risk of customers switching to alternative product or services that fulfill the same need

• The ability of customers to demand lower prices or better quality

The following are included in the "Demographic Segment" that can create business opportunities and threats, except...

• Age Structure

• Ethnic Composition

• Government Policies

• Income Distribution

A series of factor that represent threats from new entrants, suppliers, buyers, substitute products, and the intensity of rivalry among competitors, which directly affect a company, is called?

• Social Environment

• Industry Environment

• Internal Environment

• Demographic Segment