Business Strategy Quiz 1
5 Questions
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This is the first Quiz covering chapters 1 & 2. Thee are 5 multiple choice questions. You have 5 minutes to complete.
Questions and Answers
- 1.1. The External Environment consists of six factors. Which one below is not one of those factors.
- A.
Demographic
- B.
Sociocultural
- C.
Unions
- 2.
- Porter’s five forces discusses the forces in the environment that has influence on a company they are: Suppliers, Competitors, Customers, New Entrants and __________________?
- A.
Unions
- B.
Substitutes
- C.
Govenment
- 3.Two unassailable assumptions of industry: No two organizations are totally different and, ______________________.(select an answer from below)
- A.
No two are the same
- B.
The customer selects the company(advertising does not influence)
- C.
Price and quality dictate your business
- 4.Strategic Groups are a cluster of firms that share similar strategies which one below is not one of the characteristics of that group:
- A.
Breadth of product and georgraphic scope
- B.
Price and Quality
- C.
Location
- 5.
- A.
Support activities and Primary Activities
- B.
Manufacturing Activities and Support Activities
- C.
Function activities and Logistical activities.
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