BPS EXAM review - Question 39 1 In Porter's framework the stronger the five forces the more limited the ability of established companies to raise prices

BPS EXAM review - Question 39 1 In Porter's framework the...

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Question 391.In Porter's framework, the stronger the five forces, the more limited theability of established companies to raise prices and earn greater profits.TrueFalse1 points Question 401.The first step in the strategic management process isa.analyzing the industry environment.b.defining the mission and major goals of the organization.c.determining the firm's strengths and weaknesses.d.analyzing the macroenvironment.e.deciding on a fit between the organization's strengths and weaknesses and the environment's opportunities and threats.1 points Question 411.A differentiation business model is based on pursuing a set of generic strategies that allows a company to achieve a competitive advantage by creating a product that customers perceive as different or distinct in some important way.TrueFalse1 points Question 421.A business model is managers' conception of how the set of strategies their company pursues should mesh together into a congruent whole, thus enabling the company to gain a competitive advantage and achieve superiorprofitability and profit growth.
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  • Spring '10
  • PETRACHRISTMANN
  • Management

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