Test Bank For Strategic Compensation//Test in The Areas of Enviroment with Experts Reviews ( top rated )
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Strategic Compensation
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Strategic Compensation
Test Bank For Strategic Compensation//Test in The Areas of
Enviroment with Experts Reviews ( top rated )
Environmental uncertainty is a combination of - CORRECT ANSWERS-Degree of
complexity and degree of change (Ch 4)
When using the Delphi Technique, the job of the experts is to _____________: ...
Test Bank For Strategic Compensation//Test in The Areas of
Enviroment with Experts Reviews ( top rated 2024 2025)
Environmental uncertainty is a combination of - CORRECT ANSWERS-Degree of
complexity and degree of change (Ch 4)
When using the Delphi Technique, the job of the experts is to _____________: -
CORRECT ANSWERS-provide as accurate a picture of the future as possible. (Ch 4)
The environmental analysis that looks at the natural environment plus four aspects of
the societal environment is called the - CORRECT ANSWERS-STEEP Analysis (Ch 4)
Five years ago, my company's market share was at 5%. Today it is at 10%. In carrying
out my strategic planning for next five years, I will forecast my market share at the end
of that period will be 15%. This common form of predicting the future is called -
CORRECT ANSWERS-trend extrapolation (Ch 4)
An appropriate substitute for a Coke would be _____________ - CORRECT
ANSWERS-a candy bar (Ch 4)
Which of the following products/services would BEST suggests a global industry
approach? - CORRECT ANSWERS-soccer ball (Ch 4)
The aging of the U.S. population would represent a(n) _______________________ for
a business seeking to understand their business environment - CORRECT ANSWERS-
sociocultural force (Ch 4)
In preparing an EFAS, the analyst looks at _________________. - CORRECT
ANSWERS-opportunities and threats (Ch 4)
A company that tends to operate in at least two industries, with one or more industries
being stable and one or more being variable would be considered a(n): - CORRECT
ANSWERS-analyzer (Ch 4)
Having economies of scale as a key success factor in an industry usually represents
_____________. - CORRECT ANSWERS-A barrier to entry for a small start-up hoping
to break into the industry (Ch 4)
If Wal-Mart were to decide to enter the automobile distributor business, this would
represent a monumental shift in that industry and over time would fundamentally
change its competitive landscape. Wal-Mart's entry into this market would represent a
____________________ originating from the ________________ environment for the
automobile distributor's industry - CORRECT ANSWERS-driving force, task (Ch 4)
, Gillette puts a great deal of emphasis on developing new products with an eye toward
making sure its current product is replaced as industry leader by its new product. As
such, Gillette would be classified as a(n): - CORRECT ANSWERS-prospector (Ch 4)
The primary protection offered by cost leadership against the relative powers of both
suppliers and buyers is - CORRECT ANSWERS-It keeps cost down.? (Ch 4)
5. Congress passed the Clean Air Act in response to the public's newfound
environmental concerns and outrage over what it (the public) perceived to be
unrestrained corporate pollution. In response, a number of industries such as utilities
and automobile manufacturers have had to make dramatic changes in the technology
used in the creation and operation of their products. These industries are responding to
a change in the ________________ environment that was brought about by changes in
the ________________ environment - CORRECT ANSWERS-e. political-legal,
sociocultural (Ch 4)
6. With the "graying of America," a number of industries such as travel (i.e.), golf, and
assisted living communities have experienced tremendous growth. These companies
are capitalizing on the aging of the American population by closely monitoring the
changes in the ________________ environment. - CORRECT ANSWERS-d.
sociocultural (Ch 4)
7. When the pressure for coordination is strong and the pressure for local
responsiveness is weak for multinational corporations within a particular industry, the
industry will tend to become - CORRECT ANSWERS-a. global. (Ch 4)
8. You are tasked with developing a strategic plan for a high tech software company.
While working your way through the strategic planning process, it becomes obvious that
the industry's future competitive environment will be impossible to predict with any
degree of accuracy. Your best option for completing your tasking would be to use -
CORRECT ANSWERS-d. Delphi technique (Ch 4)
9. Labor unions were formed specifically to increase the ____________________. -
CORRECT ANSWERS-b. bargaining power of suppliers? (Ch 4)
10. Rivalry among competitors is likely to be strongest when the industry is in the
____________ stage of its lifecycle. - CORRECT ANSWERS-c. mature (Ch 4)
11. The comments section of the EFAS is where one notes: - CORRECT ANSWERS-c.
how the weight of an opportunity or threat is estimated (Ch 4)
12. With a limited marketing budget, I need to know which of my industry rivals I most
need to concentrate my negative advertising on. Generally, this will be the one(s) trying
to get the same customers I'm trying to get, and in pretty much the same way. One tool
that I can use to make this determination would be: - CORRECT ANSWERS-a. a
strategic group map (Ch 4)
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