Str 581 Week 2 Knowledge Check

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HELPIDO.COM

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STR 581 Week 2 knowledge check
________________________________________
General Questions – General General Questions 1. The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to business analysis environmental scanning technological forecasting
SWOT analysis 2. This term refers to the relationships among human beings and other living things and the air, soil, and water that supports them.
Ecology
Society
Going green
Eco-efficiency

3. Because the quantity, quality, price, and accessibility of financial, human, and material resources are rarely ideal, assessment of suppliers and creditors is critical to an accurate evaluation of which of the firm’s external environments?
Remote environment
Business environment
Industry environment
Operating environment 4. This group is considered powerful if it is not obliged to contend with other products for sale to the industry.
Wholesalers
Retailers
Suppliers
Buyers 5. Which threat of entry creates a barrier by forcing entrants to spend heavily to overcome customer loyalty?
Powerful buyers
Economies of scale
Product differentiation
Powerful sellers 6. This information is used to explain or predict some aspect of customer behavior with regard to a product or service. Information such as usage rate, benefits sought, and brand loyalty can provide significant aid in the design of more accurate and profitable strategies.
Psychographic information
Buyer behavior
Geographic information
Demographic information 7. Which of these is a determinant of entry, according to Porter?
Presence of substitute input…...

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