BUS 433 Week 2 Quiz <<< A Graded Tutorial >>>

Question 1.The most sensible choice if one’s company cannot be the dominant player in its industry is to _____________. 

•   scale economies   
•   differentiate product   
•   exit   
•   increase capital  

Question 2.Companies that depend on just a few suppliers and have nowhere else to go for critical inputs are in a _______ position. 

•   strong   
•   weak   
•   moderate   
•   commanding

Question 3.___________ provide access to new markets, give customers benefits, and are difficult for competitors to imitate. 

•   Resources   
•   Capabilities   
•   Competencies   
•   Core competencies   

Question 4.In a matrix structure, employees have _______ reporting arrangements.

•   multiple   
•   single   
•   dual   
•   triple   

Question 5.Scale economies relate to 

•   per-unit costs   
•   selling prices   
•   bargaining power of suppliers   
•   bargaining power of customers   

Question 6.___________ analysis is the process of examining an organization’s strengths and weaknesses. 

•   Stakeholder   
•   Internal   
•   External   
•   Macroenvironmental    

Question 7.The strategist should examine the ______ and ______ of an industry. 

•   development, evolution   
•   development, attractiveness   
•   structure, development   
•   structure, attractiveness   

Question 8.The economic climate would fall under the ________ environment.

•   industry   
•   macro   
•   resource   
•   stakeholder   

Question 9.Which of the following is NOT one of Porter’s five industry forces? 

•   existing rivals   
•   new entrants   
•   complementors   
•   substitutes   

Question 10._________ theory explains how to scrutinize, investigate, and break down an organization’s strengths and weaknesses. 

•   Stakeholder   
•   IO   
•   Management   
•   Macroenvironmental