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9.According to Michael Porter, five competitive forces define the nature of competitiveness in a given industry: 1) rivalry among competing firms 2) potential entry of new competitors 3)potential development of substitute porducts 4) bargaining power of suppliers and 5) bargaining power of consumersTrue10.Walgreen and CVS pharmacies are located generally across the street from each other and battle each other every day on price and customer service Chapt 3B1.As many managers and employees as possible should be involved in the process of performing an external audit 2.The critical success factors in a Competitive Profile Matrix (CPM) and an External Factor Evaluation (EFE) Matrix include both internal and external issues.3.A total weighted score of 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.4.Wisconsin recently passed a law strengthening collective-bargaining rights for the state’s public-employee unions. 5.The Fuld & Co. website explains that the term competitive intelligence is a polite way of referring to corporate espionage.6.Hawaii, California, and ________ already have no majority race or ethnic group.7.Competition in virtually all industries is8.What is the range for a firm’s total weighted score in an External Factor Evaluation Matrix?
1 to 49.Intensity of competition __________in lower-return industries.10.The historical trend of people moving from ________ has dramatically slowed. Chapt 4A1.Which of the following are NOT mentioned as an example of cultural products?2.What category of ratios measures a firm’s ability to meet its short-term obligations?3.Which ratio would be considered an activity ratio?4.Who should perform an internal audit? 5.The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called6.The purpose of organizing is to achieve coordinated effort by defining task and authority relationships. 7.Chief marketing officers now spend more than 50 percent of their budgets on technology to manage activities like online marketing and social media.