Strategic Management Chapter 4 The External Environment

Strategic Management Chapter 4 The External Environment -...

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Chapter 4 1 CORRECT The construction company owned by Tom and Adam Smith ? T & A Contracting- faces many challenges posed by its external environment. Of the following, which factor is most likely to be classed as A)Competitors B) Ecological C)Labor D)Suppliers Feedback: The correct answer is B. Please see the discussion under Exhibit 4.1: The Firm's External Environment, page 81. 2 INCORRECT ________ factors concern the nature and direction of the economy in which a firm operates. A)Technological B)Ecological C)Social D) Economic Feedback: The correct answer is D. Please see the discussion under Economic Factors, page 82. 3 INCORRECT
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The social factors that affect a firm involve all of the following except _______. A) the propensity of people to spend B)lifestyles of people C)attitudes of people in the external environment. D)values and beliefs of persons outside the firm Feedback: The correct answer is A. Please see the discussion under Social Factors, page 82.
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This note was uploaded on 07/21/2011 for the course BUS 10001 taught by Professor All during the Spring '11 term at Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology.

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Strategic Management Chapter 4 The External Environment -...

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