ch3 - ch3 Student: _ The Strategically Relevant Components...

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ch3 Student: ___________________________________________________________________________ The Strategically Relevant Components of a Company's External Environment 1. A company's "macroenvironment" refers to A. The industry and competitive arena in which the company operates B. General economic conditions plus the factors driving change in the markets where a company operates C. All the relevant forces and factors outside a company's boundaries—general economic conditions, population demographics, societal values and lifestyles, technological factors, governmental legislation and regulation and closer to home, the industry and competitive arena in which it operates D. The competitive market environment that exists between a company and its competitors E. The dominant economic features of a company's industry 2. Which one of the following is not part of a company's macroenvironment? A. Conditions in the economy at large B. Population demographics and societal values and lifestyles C. Technological factors and governmental regulations and legislation D. The industry and competitive environment arena in which the company operates E. The company's resource strengths, resource weaknesses and competitive capabilities 3. Which of the following is not a major question to ask in thinking strategically about industry and competitive conditions in a given industry? Refer To: 03-03 A. How many companies in the industry have good track records for revenue growth and profitability? B. What strategic moves are rivals likely to make next? C. What are the key factors for future competitive success? D. Does the outlook for the industry present the company with sufficiently attractive prospects for profitability? E. What forces are driving changes in the industry and what impact will these changes have on competitive intensity and industry profitability? 4. Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as Refer To: 03-03 A. The forces driving change in the industry B. The dominant economic features of the industry in which the company operates C. The kinds of competitive forces industry members are facing and the strength of each competitive force D. The key factors influencing future competitive success in the industry E. All of the above Question 1: What Are the Industry's Dominant Economic Features? 1
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5. Which of the following is not a factor to consider in identifying an industry's dominant economic features? A. Market size and growth rate B. The extent of backward and forward integration and buyer needs and requirements C. Whether the products or services of rival firms are becoming more or less differentiated D. How strong driving forces and competitive forces are E. The pace of technological change, scale economies and experience curve effects and product innovation 6. Which of the following is not a relevant consideration in identifying an industry's dominant economic features? A. Market size and growth rate, the geographic scope of competitive rivalry and demand-supply
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ch3 - ch3 Student: _ The Strategically Relevant Components...

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