BUS 433 Week 4 Quiz <<< A Graded Tutorial >>>

Question 1.In the ___________ stage of industry evolution, uniform quality is assumed. 

•   embryonic   
•   growth   
•   maturity   
•   decline   

Question 2.In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained. 

•   Trend analysis   
•   Alternative scenarios   
•   Delphi   
•   Time series   

Question 3.Comparative growth rates of nations in the major industrial nations after World War II was ___________. 

•   normal   
•   exceptional   
•   negative   
•   remained the same   

Question 4.In ________ societies, economic activity revolves around the manipulation and movement of “massive objects against friction and gravity.” 

•   modern   
•   industrial   
•   postindustrial   
•   contemporary   

Question 5.The evolution of ___________ is a critical element in the formulation of a company’s strategy. 

•   resources   
•   business strategy   
•   corporate strategy   
•   industry structures 

Question 6.In commercializing a new technology, finding new opportunities and _________ them are the key activities. 

•   inventing   
•   exploiting   
•   standardizing   
•   providing resources for  

Question 7.In the __________ stage of industry evolution, there is a shakeout among the competition.

•   embryonic   
•   growth   
•   maturity   
•   decline   

Question 8.As industries mature, products become _______. 

•   specialized   
•   commodities   
•   scarce   
•   differentiated 

Question 9.In many companies, innovative people are likely to be found in foreign operations, where ________ is less prevalent. 

•   strategy   
•   mission   
•   vision   
•   groupthink   

 Question 10.In the ________ stage of industry evolution, specialized channels are needed for distribution.

•   embryonic   
•   growth   
•   maturity   
•   decline