Mgt603 Online Quize

The social factors that affect a firm involve all of the following EXCEPT:
Attitudes of people in the external environment
Lifestyles of people
Per capita income
Values and beliefs of persons outside the firm
Which one of the followings best describes this statement; “The conditions that a company must satisfy in order to be able to enter an industry”?
Economies of scale
Barriers to entry
Differentiation
Competitive environment
Which one variable falls under the category of the Social, Cultural, Demographic, and Environmental Variable?
Propensity of people to spend
Buying habits
Level of disposable income
Income differences by region
Which one of the following is NOT a basic mission of a competitive intelligence program?
To provide a general understanding of an industry
To provide a general understanding of a company’s competitors
To identify industry executives who could be hired by the firm
To identify potential moves a competitor might make that would endanger a firm
Political variables have a significant effect on which one of the following?
Formulation and implementation of strategy
Formulation and Evaluation of a strategy
Implementation and evaluation of a strategy
Formulation, implementation and evaluation of a strategy
The mission statement answers which of the following question?
What is our business?
How can we improve ourselves?
What do we want to become?
Who are our stakeholders?
Which of the following statement is TRUE about a Vision statement of a company?
It concentrates on future
It defines the customers
It identify critical processes
It informs about the desired level of performance
All of the following statements are true about a firm’s mission statement EXPECT:
A mission statement does not directly contribute positively to financial performance.
A mission statement directly contributes positively to financial performance.
A mission statement should not provide useful criteria for selecting among alternative strategies.
Primary reason to develop a mission statement is not to attract the customers
Which of the following is NOT a component of external environment analysis?
Customer satisfaction feedback
Global impacts
Legal issues within the industry
Competitive position of rival companies
The general conditions for competition that influence business firms, which provide similar products and services is known:
Remote environment
International environment
External environment
Industry environment
Which of the following is the best example for acheiving long-term objectives?
Strengths
Strategies
Policies
Opportunities
Which type of trend can be exemplified by the increase in average level of education in a society?
Social
Economic
Cultural
Technological
Principles of conduct that guide decision-making are known as:
Human rights
Business ethics
The constitution
Social responsibility
“A Good mission statement identifies the utility of a firm's products to its customers”; which of the following represents this statement?
Organization’s philosophy
Customer orientation
Social policy
Declaration of attitude