12e_TB_Chap_4

Strategic Management: Creating Competitive Advantages

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Chapter 04 - The External Environment Chapter 04 The External Environment Multiple Choice Questions 1. (p. 81) The external environment can be divided into various subcategories: A. Remote, political, social B. Remote, social, operational C. Remote, industry, operating D. Technological and social Difficulty: Easy Learning Objective: 1 2. (p. 81) A firm's external environment includes a remote sector, industry sector and an operating sector. The remote sector includes which of the following categories? A. Political, technological, economic and social B. Political, supplier power, economic and labor C. State government, production, social and economic D. Mission, company profile and competition Difficulty: Easy Learning Objective: 1 3. (p. 81) The remote external environment includes: A. Creditors B. Industry factors C. Employee D. Ecological factors Difficulty: Easy Learning Objective: 1 4-1
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Chapter 04 - The External Environment 4. (p.81) The factors beyond the control of the firm that influence its choice of direction and action, organizational structure and internal processes refers to A. Directional strategies B. External environment C. Organizational processes D. Internal environment Difficulty: Easy Learning Objective: 1 5. (p. 81) The ______ environment compromises factors that originate beyond and usually irrespective of, any single firm's operating situation. A. Remote B. Industry C. Operating D. Internal Difficulty: Easy Learning Objective: 2 6. (p. 81) Supplier power is an example of a factor that falls within the _________ environment. A. Economic B. Operating C. Industry D. Remote Difficulty: Easy Learning Objective: 1 4-2
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Chapter 04 - The External Environment 7. (p. 81) Which environment compromises factors in the immediate competitive situation that affect a firm's success in acquiring needed resources? A. Industry B. Remote C. Economic D. Operating Difficulty: Hard Learning Objective: 1 8. (p. 81) When we consider the level of disposable income, we are normally considering: A. Technological factors B. Economic factors C. Political factors D. Social factors Difficulty: Medium Learning Objective: 3 9. (p. 82) The considerations involving the beliefs, values, attitudes and opinions of those in a firm's environment represent the ______. A. Social factors B. Personal factors C. Economic factors D. Political factors Difficulty: Medium Learning Objective: 3 10. (p. 83) One of the most profound social changes in recent years is: A. The decreased population B. An increasing number of women in the workforce C. The heavy reliability of children in the workforce D. Increased education of U.S. citizens Difficulty: Hard Learning Objective: 3 4-3
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Chapter 04 - The External Environment 11. (p. 83) A profound social change in the recent years has been A. The accelerating interest of consumers and employers in quality of life issue B. The decelerating interest of foreigners seeking jobs and immigrant status in the U.S. C.
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12e_TB_Chap_4 - Chapter 04 - The External Environment...

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