Management 490 Chapter 2 Part 1

19 Questions | Total Attempts: 194

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Management Quizzes & Trivia

Study for Management 490 test


Questions and Answers
  • 1. 
    Human knowledge about products and services and the way they are made and delivered. 
    • A. 

      Strategic Group Map

    • B. 

      Technology

    • C. 

      Basic Innovation

  • 2. 
    A new idea or technology that is proven to work in the laboratory
    • A. 

      Invention

    • B. 

      Innovation

    • C. 

      Suppliers

  • 3. 
    An invention that can be replicated reliably on a meaningful scale
    • A. 

      Invention

    • B. 

      Task Environment

    • C. 

      Innovation

  • 4. 
    An item such as the microprocessor, light bulb, fiber optics, or mapping of the human genome, that impacts much more than one product category or one industry 
    • A. 

      Basic Innovation

    • B. 

      Innovation

    • C. 

      Technology

  • 5. 
    Consist of stakeholders with whom organizations interact on a fairly regular basis 
    • A. 

      Indirect Competitors (Substitutes)

    • B. 

      Political Power

    • C. 

      Task Environment

  • 6. 
    A group of organizations who compete directly with each other to win orders or sales in the marketplace 
    • A. 

      Suppliers

    • B. 

      Innovation

    • C. 

      Industries

  • 7. 
    Provide equipment, supplies, components, parts, and raw materials
    • A. 

      Other Factors

    • B. 

      Suppliers

    • C. 

      Industries

  • 8. 
    Clusters of similar competitors
    • A. 

      Strategic Group Map

    • B. 

      Task Environment

    • C. 

      Strategic Groups

  • 9. 
    Constructed by plotting industry rivals based on two or more strategic dimensions important to strategy in the industry 
    • A. 

      Strategic Group Map

    • B. 

      Strategic Groups

    • C. 

      Basic Innovation

  • 10. 
    Organizations that provide goods or services that readily substitute those provided by competitors in a particular industry 
    • A. 

      Mutual Advantage

    • B. 

      Indirect Competitors (Substitutes)

    • C. 

      Environmental Uncertainty

  • 11. 
    Special interest groups, unions, communities, and government agencies that can take action that can alter the task environment and cause organizations to invest money, which can influence cost structures and profits 
    • A. 

      Political Power

    • B. 

      Other Factors

    • C. 

      Basic Innovation

  • 12. 
    The ability to influence government regulations and laws determining the rules by which firms operate and compete 
    • A. 

      Political Power

    • B. 

      Political Strategy

    • C. 

      Mutual Advantage

  • 13. 
    Reduces a firm’s ability to predict with confidence the future state of its environment, such as demand, competitor actions, new regulations, the cost of supplies, or the availability of labor 
    • A. 

      Political Power

    • B. 

      Collusion

    • C. 

      Environmental Uncertainty

  • 14. 
    The ability of to conduct business on a long-term and sustainable basis, founded on relationships that are mutually advantageous and capable of enduring beyond a single transaction 
    • A. 

      Political Strategy

    • B. 

      Environmental Uncertainty

    • C. 

      Mutual Advantage

  • 15. 
    Formal price-setting cooperation
    • A. 

      Collusion

    • B. 

      Political Strategy

    • C. 

      Mutual Advantage

  • 16. 
    All organizational activities that have the creation of a friendlier political climate for the organization as one of their objectives 
    • A. 

      Political Power

    • B. 

      Political Strategy

    • C. 

      Mutual Advantage

  • 17. 
    Divided into three types: existing competitors, potential competitors, and indirect competitors. 
    • A. 

      Entry Barriers

    • B. 

      Indirect Competitors

    • C. 

      Competitors

  • 18. 
    The forces that discourage new firms from entering the industry
    • A. 

      Competitors

    • B. 

      Entry Barriers

    • C. 

      Indirect Competitors

  • 19. 
    Sell products that can be substituted for products sold by existing competitors
    • A. 

      Indirect Competitors

    • B. 

      Entry Barriers

    • C. 

      Competitors

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