MBA705 - Exam Pack Questions and Answers | New One | Grade A+

What does SWOT stand for? Ans: Strength, Weakness, Opportunities, Threats Which 2 of the SWOT adjectives are internal to an organization? Ans: Strengths and Weaknesses What is the purpose of SWOT? Ans: Useful framework for strategic decision making What is a gap analysis? Ans: The difference ...

Macroenvironmental forces affect? Ans: Industries and individual firms within industries What are social forces? Ans: societal values, trends, traditions, religious practices, concern for the environment social trends in the U.S Ans: declining birth rate, aging population, more diverse society,...

Strategic control consists of determining the extent to which the organization's strategies are consistent with those of the firm's closest competitors. Ans: False Without strategic control, there are no clear benchmarks and ultimately no reliable measurements of how the company is doing. A...

Mission Ans: A broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders. Strategy Ans: Top management's plans to develop and sustain competitive advantage so that the organization's mission is ...

capital labor substitution Ans: An organization's ability to substitute labor for capital or vice versa as production increases. experience curve Ans: The reduction in per-unit costs that occur as an organization gains experience producing a product or service functional strategies Ans: th...

Opportunities and strengths are associated with factors inside the organization. Ans: False (inside is strengths and weaknesses) Which of the following is an example of a physical resource? A. experience B. strategies C. distribution network D. none of the above Ans: C Which of the following...