Business Strategy And Markets

Question 1

Five forces is used to determining the nature

Answer 1

Operating effectiveness and probable long-run profitability of a competitive industry

Question 2

Formulating a mission statement is the first step in a

Answer 2

Strategic planning process

Question 3

Pest is the means of assessing the

Answer 3

Macroeconomic environment including political economic social and technological characteristics

Question 4

What factors is explicitly included in PESTEL but not PEST

Answer 4

Climate conditions part of environmental

Question 5

When considering an horizontal expansion to a new industry use the

Answer 5

Five forces analyses

Question 6

Entry of new competitors is most likely

Answer 6

Access to inputs and process technology is ready available

Question 7

Customers have the greatest ability to affect product prices when information about products are

Answer 7

Widely available

Question 8

The characteristics that should have the highest intensity of rivalry is

Answer 8

Fixed high and product differentiation low

Question 9

Goal for strategic planning should be

Answer 9

Measurable and time bound

Question 10

The entity’s strategy is least likely to determine which country an entity should

Answer 10

Operate

Question 11

Targeting a niche market always involves

Answer 11

Focus

Question 12

Cost leadership characteristics are

Answer 12

Significant capital invested

Efficient distribution

Question 13

Three strategies identified by porter are

Answer 13

Cost leadership differentiation and focus