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Strategic Management David - Chapter 3

Strategic Management David - Chapter 3 - 1 According to I/O...

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1. According to I/O theorists, which of the following contributes least to firm performance? o Internal resources o Economies of scale o Barriers to market entry o Product differentiation 2. The external audit is aimed at: o taking advantage of potential threats and minimizing external opportunities. o developing an exhaustive list of factors that could influence the business. o identifying key variables that offer actionable responses. o developing an infinite list of opportunities that could benefit a firm. 3. Good _______ in business, as in the military, is one of the keys to success. o short-term plan focus o competitive intelligence o divisions o conflict encouraging scenarios 4. __________ are the results of a low value of the dollar. o Lower imports and higher exports o Lower imports and lower exports o Higher imports and higher exports o Higher imports and lower exports
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5. Which of the following is NOT a key economic variable to be monitored? o Availability of credit o Price fluctuations o Stock market trends o Voter participation rates 6. _______________ and ______________ are creating similar patterns of consumption in diverse cultures worldwide.
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