Question 1

Economic factors do not have much impact on the attractiveness of strategies.

Accepted Answer

A) True 
 B)False

Question 2

Pepsi Bottling is the top beverage company in the U.S.

Accepted Answer

A) True 
 B)False

Question 3

Collecting and evaluating information on competitors is essential for successful

Accepted Answer

A)   internal analysis.
B)   strategy evaluation.
C)   strategy formulation.
D)   strategy implementation.
E)   strategy managementF) D) and E)
G) B) and C)

Question 4

Because companies are fearful of corporate espionage, cooperative agreements between competitors are becoming less popular.

Accepted Answer

A) True 
 B)False

Question 5

In general, what happens to American goods in overseas markets when there is a strong dollar?

Accepted Answer

A)   less expensive
B)   more attractive
C)   cheaper
D)   more expensive
E)   desirableF) C) and E)
G) A) and C) D

Question 6

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Accepted Answer

External forces can be divided into five...

Question 7

What happens to the demand for discretionary goods when interest rates rise?

Accepted Answer

A)   rises
B)   declines
C)   stays the same
D)   first rises then declines
E)   no way to tellF) C) and E)
G) A) and B)

Question 8

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms

Accepted Answer

A)   stays the same.
B)   increases.
C)   decreases.
D)   neutralizes.
E)   fluctuatesF) B) and C)
G) C) and D)

Question 9

The United States is getting older and less Caucasian.

Accepted Answer

A) True 
 B)False  True

Question 10

In the United States, the population has been moving from the south and west to the Northeast and Midwest.

Accepted Answer

A) True 
 B)False

Question 11

To perform an external audit, a company first must gather competitive intelligence and information about social, cultural, demographic, environmental, economic, political, legal, governmental and technological trends.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not a characteristic that describes the most competitive companies in America?

Accepted Answer

A)   Divestiture is essential to growth
B)   People make a difference
C)   Innovate or evaporate
D)   There is no substitute for quality and no greater threat than failing to be cost-competitive on a global basis.
E)   Whether it's broke or not, fix itF) A) and D)
G) None of the above

Question 13

Linear regression is based on the assumption that the future will be different from the past.

Accepted Answer

A) True 
 B)False

Question 14

Research findings suggest that a greater percentage of a firm's profitability can be explained by the industry than can be explained by the firm's internal factors.

Accepted Answer

A) True 
 B)False

Question 15

Agree or disagree with and discuss) the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

Accepted Answer

Agree. Firms need an effective competitive intelligence CI) program. The three basic missions of a CI program are 1) to provide a general understanding of an industry and its competitors, 2) to identify areas in which competitors are vulnerable and to assess the impact strategic actions would have on competitors and 3) to identify potential moves a competitor might make that would endanger a firm's position in the market. An effective CI program allows all areas of a firm to access consistent and verifiable information in making decisions.

Question 16

Discuss the process of performing an external audit.

Accepted Answer

To perform an external audit, a company ...

Question 17

Discuss the following statement: "Planning would be impossible without assumptions."

Accepted Answer

By identifying future occurrences that c...

Question 18

Quantitative forecasts become less accurate as historical relationships become less stable.

Accepted Answer

A) True 
 B)False

Question 19

Technological advancements can create new ______ advantages that are more powerful than existing advantages.

Accepted Answer

A)   economic
B)   social
C)   environmental
D)   competitive
E)   comparativeF) C) and D)
G) B) and C)

Question 20

___________ is not a basic mission of a competitive intelligence program.

Accepted Answer

A)   To provide a general understanding of an industry
B)   To provide a general understanding of a company's competitors
C)   To identify industry executives who could be hired by the firm
D)   To identify areas where competitors are vulnerable and to assess the impact strategic actions would have on competitors
E)   To identify potential moves a competitor might make that would endanger a firm's position in the marketF) A) and D)
G) C) and D)

Exam 3: The External Assessment

Economic factors do not have much impact on the attractiveness of strategies.

Correct Answer
verified

Pepsi Bottling is the top beverage company in the U.S.

Correct Answer
verified

Collecting and evaluating information on competitors is essential for successful

Correct Answer
verified

Because companies are fearful of corporate espionage, cooperative agreements between competitors are becoming less popular.

Correct Answer
verified

In general, what happens to American goods in overseas markets when there is a strong dollar?

Correct Answer
verified
D

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Correct Answer
verified
External forces can be divided into five...
View Answer

What happens to the demand for discretionary goods when interest rates rise?

Correct Answer
verified

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms

Correct Answer
verified

The United States is getting older and less Caucasian.

Correct Answer
verified
True

In the United States, the population has been moving from the south and west to the Northeast and Midwest.

Correct Answer
verified

To perform an external audit, a company first must gather competitive intelligence and information about social, cultural, demographic, environmental, economic, political, legal, governmental and technological trends.

Correct Answer
verified

Which of the following is not a characteristic that describes the most competitive companies in America?

Correct Answer
verified

Linear regression is based on the assumption that the future will be different from the past.

Correct Answer
verified

Research findings suggest that a greater percentage of a firm's profitability can be explained by the industry than can be explained by the firm's internal factors.

Correct Answer
verified

Agree or disagree with and discuss) the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

Discuss the process of performing an external audit.

Correct Answer
verified
To perform an external audit, a company ...
View Answer

Discuss the following statement: "Planning would be impossible without assumptions."

Correct Answer
verified
By identifying future occurrences that c...
View Answer

Quantitative forecasts become less accurate as historical relationships become less stable.

Correct Answer
verified

Technological advancements can create new ______ advantages that are more powerful than existing advantages.

Correct Answer
verified

___________ is not a basic mission of a competitive intelligence program.

Correct Answer
verified

Exam 3: The External Assessment

Economic factors do not have much impact on the attractiveness of strategies.

Correct AnswerverifiedShow Answer

Pepsi Bottling is the top beverage company in the U.S.

Correct AnswerverifiedShow Answer

Collecting and evaluating information on competitors is essential for successful

Correct AnswerverifiedShow Answer

Because companies are fearful of corporate espionage, cooperative agreements between competitors are becoming less popular.

Correct AnswerverifiedShow Answer

In general, what happens to American goods in overseas markets when there is a strong dollar?

Correct AnswerverifiedD

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Correct AnswerverifiedExternal forces can be divided into five...View AnswerShow Answer

What happens to the demand for discretionary goods when interest rates rise?

Correct AnswerverifiedShow Answer

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms

Correct AnswerverifiedShow Answer

The United States is getting older and less Caucasian.

Correct AnswerverifiedTrue

In the United States, the population has been moving from the south and west to the Northeast and Midwest.

Correct AnswerverifiedShow Answer

To perform an external audit, a company first must gather competitive intelligence and information about social, cultural, demographic, environmental, economic, political, legal, governmental and technological trends.

Correct AnswerverifiedShow Answer

Which of the following is not a characteristic that describes the most competitive companies in America?

Correct AnswerverifiedShow Answer

Linear regression is based on the assumption that the future will be different from the past.

Correct AnswerverifiedShow Answer

Research findings suggest that a greater percentage of a firm's profitability can be explained by the industry than can be explained by the firm's internal factors.

Correct AnswerverifiedShow Answer

Agree or disagree with and discuss) the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

Discuss the process of performing an external audit.

Correct AnswerverifiedTo perform an external audit, a company ...View AnswerShow Answer

Discuss the following statement: "Planning would be impossible without assumptions."

Correct AnswerverifiedBy identifying future occurrences that c...View AnswerShow Answer

Quantitative forecasts become less accurate as historical relationships become less stable.

Correct AnswerverifiedShow Answer

Technological advancements can create new ______ advantages that are more powerful than existing advantages.

Correct AnswerverifiedShow Answer

___________ is not a basic mission of a competitive intelligence program.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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D

Correct Answer
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External forces can be divided into five...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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True

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
verified
To perform an external audit, a company ...
View Answer

Correct Answer
verified
By identifying future occurrences that c...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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