Business Strategy Quiz 1

5 Questions

Settings
Please wait...
Business Strategy Quiz 1

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. 
    1. 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.