Question The internal analysis component of the strategic management process assesses
2 Select one:
Correct
a. the organization's performance levels.
Mark 3.00 out of
b. the organization's competitors.
3.00
c. the organization's industry growth rate.
d. the organization's product substitutions in the market.
e. All of the above.
The correct answer is: the organization's performance levels.
Question Which is the first step in the formal planning process?
3 Select one:
Correct
a. Goal and plan evaluation
Mark 3.00 out of
3.00
b. Situational analysis
c. Monitor and control
d. Implementation
e. Alternative goals and plans
The correct answer is: Situational analysis
,Question Globalization is an issue primarily for
4 Select one:
Correct
a. large multinationals.
Mark 3.00 out of
b. stateless corporations.
3.00
c. all organizations.
d. domestic firms with overseas sales.
e. small entrepreneurial firms.
The correct answer is: all organizations.
Question Which of the following statements is most accurate regarding competitive
5 advantage?
Correct
Select one:
Mark 3.00 out of
a. You may successfully select one competitive advantage and stick with
3.00
it permanently.
b. You will be most successful if you work on one element of competitive
advantage at a time.
c. The best managers and companies deliver all four elements of
competitive advantage.
d. Competitive advantage is over-rated as a factor for success.
e. None of the above.
The correct answer is: The best managers and companies deliver all four elements
of competitive advantage.
, Question The Chem-Free Natural Pharmaceutical Company has completed a SWOT analysis
6 as part of their ongoing strategic planning process. They have formulated the
following information:
Correct
1. New regulations have been passed limiting their ability to sell certain
Mark 3.00 out of
formulations over the counter.
3.00
2. As compared to their competitors, their management team is by far the best in
the industry.
3. They have fallen behind in research and development in the last few years.
4. More people are becoming interested in natural alternatives to traditional
chemical pharmaceuticals; this trend is expected to continue over the next decade.
5. The company has adequate financial resources to invest in their operations.
Which of the above would be (a) weakness(es) for Chem-Free?
Select one:
a. All of the above.
b. 1 and 5
c. 2 and 5
d. 3 only
e. 4 only
The correct answer is: 3 only
2 Select one:
Correct
a. the organization's performance levels.
Mark 3.00 out of
b. the organization's competitors.
3.00
c. the organization's industry growth rate.
d. the organization's product substitutions in the market.
e. All of the above.
The correct answer is: the organization's performance levels.
Question Which is the first step in the formal planning process?
3 Select one:
Correct
a. Goal and plan evaluation
Mark 3.00 out of
3.00
b. Situational analysis
c. Monitor and control
d. Implementation
e. Alternative goals and plans
The correct answer is: Situational analysis
,Question Globalization is an issue primarily for
4 Select one:
Correct
a. large multinationals.
Mark 3.00 out of
b. stateless corporations.
3.00
c. all organizations.
d. domestic firms with overseas sales.
e. small entrepreneurial firms.
The correct answer is: all organizations.
Question Which of the following statements is most accurate regarding competitive
5 advantage?
Correct
Select one:
Mark 3.00 out of
a. You may successfully select one competitive advantage and stick with
3.00
it permanently.
b. You will be most successful if you work on one element of competitive
advantage at a time.
c. The best managers and companies deliver all four elements of
competitive advantage.
d. Competitive advantage is over-rated as a factor for success.
e. None of the above.
The correct answer is: The best managers and companies deliver all four elements
of competitive advantage.
, Question The Chem-Free Natural Pharmaceutical Company has completed a SWOT analysis
6 as part of their ongoing strategic planning process. They have formulated the
following information:
Correct
1. New regulations have been passed limiting their ability to sell certain
Mark 3.00 out of
formulations over the counter.
3.00
2. As compared to their competitors, their management team is by far the best in
the industry.
3. They have fallen behind in research and development in the last few years.
4. More people are becoming interested in natural alternatives to traditional
chemical pharmaceuticals; this trend is expected to continue over the next decade.
5. The company has adequate financial resources to invest in their operations.
Which of the above would be (a) weakness(es) for Chem-Free?
Select one:
a. All of the above.
b. 1 and 5
c. 2 and 5
d. 3 only
e. 4 only
The correct answer is: 3 only
