Question 1

A non-quantitative approach to forecasting that requires simply the presence of people with some knowledge of the situation to be predicted to propose ideas without first mentally screening them is called

Accepted Answer

A)   simulations.
B)   the Delphi technique.
C)   brainstorming.
D)   signal monitoring.
E)   scenarios.F) C) and E)
G) A) and C)

Question 2

The need to invest huge financial resources in manufacturing facilities in order to produce large commercial airplanes creates a significant barrier to entry to any competitor for Boeing and Airbus.

Accepted Answer

A) True 
 B)False

Question 3

Define competitive intelligence.

Accepted Answer

Competitive intelligence is a formal pro...

Question 4

A company with significant assets and activities in multiple countries is known as a(n)

Accepted Answer

A)   multi-national corporation.
B)   repatriated corporation.
C)   transferable corporation.
D)   duplicate corporation.
E)   emancipated corporation.F) A) and D)
G) D) and E)

Question 5

One of the breakthrough developments in technology is the portable information device and electronic networking.

Accepted Answer

A) True 
 B)False

Question 6

Environmental scanning is an overarching term encompassing the monitoring,evaluation,and dissemination of information relevant to the organizational development of strategy.

Accepted Answer

A) True 
 B)False

Question 7

Which societal force includes demographic trends?

Accepted Answer

A)   political-legal forces
B)   labor forces
C)   economic forces
D)   technological forces
E)   sociocultural forcesF) D) and E)
G) A) and B)

Question 8

According to Miles and Snow,a company that operates in at least two different product-market areas in which one product is stable and the other one is variable,reflects which strategic orientation?

Accepted Answer

A)   initiators
B)   reactors
C)   analyzers
D)   prospectors
E)   defendersF) B) and D)
G) A) and D)

Question 9

Which of the following is true in regards to competitive intelligence?

Accepted Answer

A)   The Economic Espionage Act makes it illegal to steal any material that a business has taken "reasonable efforts" to keep secret.
B)   The Society of Competitive Intelligence Professionals urges strategists to stay within the law and to act ethically when searching for information.
C)   The Society of Competitive Intelligence Professionals states that illegal activities are foolish because the vast majority of worthwhile competitive intelligence is available publicly via annual reports, websites, and libraries.
D)   A number of firms hire consultants with questionable reputations who do what is necessary to get information when the selected methods do not meet SPIC ethical standards or are illegal.
E)   The competitive intelligence function is always housed in its own unit within organizations.F) C) and D)
G) A) and E)

Question 10

Describe Porter's approach to industry analysis.

Accepted Answer

Michael Porter contends that a corporati...

Question 11

Which of the following is not descriptive of external environmental scanning?

Accepted Answer

A)   used as a tool to ensure a corporation's long-term health
B)   used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy
C)   used to identify major stockholders
D)   used as a tool for corporations to avoid strategic surprise
E)   used to determine a firm's competitive advantageF) D) and E)
G) C) and D)

Question 12

List eight current sociocultural trends in the United States that are transforming North America and the world.

Accepted Answer

Eight current sociocultural trends in th...

Question 13

Which of the following is not descriptive of a high level of bargaining power of suppliers?

Accepted Answer

A)   Substitutes are readily available.
B)   The product or service is unique.
C)   The supplier industry is dominated by a few companies, but sells too many.
D)   The purchasing industry buys only a small portion of the supplier group's goods and services.
E)   Suppliers are able to integrate forward and compete directly with their present customers.F) B) and E)
G) A) and B)

Question 14

According to Porter's model,a low force can enable the company to earn greater profits and can be regarded as a(n)

Accepted Answer

A)   benefit.
B)   opportunity.
C)   advantage.
D)   threat.
E)   risk.F) A) and E)
G) A) and D)

Question 15

According to Michael Porter,the weaker each of the competitive forces,the more limited companies are in their ability to raise prices and earn greater profits.

Accepted Answer

A) True 
 B)False

Question 16

An industry is a group of firms producing a similar product or service.

Accepted Answer

A) True 
 B)False

Question 17

A corporation's task environment is typically focused on the industry within which the firm operates.

Accepted Answer

A) True 
 B)False

Question 18

The corporation's task environment

Accepted Answer

A)   encompasses the physical working areas of the organization.
B)   includes those elements or groups within an organization's industry.
C)   is an advisory committee to top management.
D)   is an accounting of the many jobs within an organization.
E)   is the job requirement specification listing necessary skills and abilities.F) A) and B)
G) A) and C)

Question 19

The transferring of profits from a foreign subsidiary to a corporation's headquarters is known as repatriation of profits.

Accepted Answer

A) True 
 B)False

Question 20

Describe the four strategic types of the Miles and Snow typology.

Accepted Answer

According to Miles and Snow,there are fo...

Exam 4: Environmental Scanning and Industry Analysis

An industry is a group of firms producing a similar product or service.

Correct AnswerverifiedShow Answer

The need to invest huge financial resources in manufacturing facilities in order to produce large commercial airplanes creates a significant barrier to entry to any competitor for Boeing and Airbus.

Correct AnswerverifiedShow Answer

Which societal force includes demographic trends?

Correct AnswerverifiedShow Answer

According to Michael Porter,the weaker each of the competitive forces,the more limited companies are in their ability to raise prices and earn greater profits.

Correct AnswerverifiedShow Answer

A non-quantitative approach to forecasting that requires simply the presence of people with some knowledge of the situation to be predicted to propose ideas without first mentally screening them is called

Correct AnswerverifiedShow Answer

Describe the four strategic types of the Miles and Snow typology.

Correct AnswerverifiedAccording to Miles and Snow,there are fo...View AnswerShow Answer

Which of the following is not descriptive of external environmental scanning?

Correct AnswerverifiedShow Answer

Which of the following is not descriptive of a high level of bargaining power of suppliers?

Correct AnswerverifiedShow Answer

According to Miles and Snow,a company that operates in at least two different product-market areas in which one product is stable and the other one is variable,reflects which strategic orientation?

Correct AnswerverifiedShow Answer

Which of the following is true in regards to competitive intelligence?

Correct AnswerverifiedShow Answer

List eight current sociocultural trends in the United States that are transforming North America and the world.

Correct AnswerverifiedEight current sociocultural trends in th...View AnswerShow Answer

A corporation's task environment is typically focused on the industry within which the firm operates.

Correct AnswerverifiedShow Answer

Environmental scanning is an overarching term encompassing the monitoring,evaluation,and dissemination of information relevant to the organizational development of strategy.

Correct AnswerverifiedShow Answer

Define competitive intelligence.

Correct AnswerverifiedCompetitive intelligence is a formal pro...View AnswerShow Answer

The corporation's task environment

Correct AnswerverifiedShow Answer

The transferring of profits from a foreign subsidiary to a corporation's headquarters is known as repatriation of profits.

Correct AnswerverifiedShow Answer

Describe Porter's approach to industry analysis.

Correct AnswerverifiedMichael Porter contends that a corporati...View AnswerShow Answer

A company with significant assets and activities in multiple countries is known as a(n)

Correct AnswerverifiedShow Answer

According to Porter's model,a low force can enable the company to earn greater profits and can be regarded as a(n)

Correct AnswerverifiedShow Answer

One of the breakthrough developments in technology is the portable information device and electronic networking.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
According to Miles and Snow,there are fo...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Eight current sociocultural trends in th...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Competitive intelligence is a formal pro...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Michael Porter contends that a corporati...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified