STR 581 STR 581 Week two Quiz (18/18) - A+ Work
IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load
http://acehomework.com/STR-581-STR-581-Week-two-Quiz-18-18-AWork-232345.htm
IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM
1. This group is considered powerful if it is not obliged to contend with other products for sale to the industry. Wholesalers Retailers Suppliers Buyers 2. What Human Resource component within its operating environment is a major element of a firm’s ability to satisfy its personnel needs? Labor union Employment rates Benefit packages Reputation 3. The environment that is typically subject to much influence by the firm is industry external remote operating 4. A firm’s external environment is divided into various subcategories that include remote, social, and operations remote, industry, and operating
political, social, and industry industry, technology, and internal 5. This term refers to descriptive characteristics that can be used to differentiate groups of present or potential customers. Psychographics Geographics Demographics Buyer behaviors 6. When managers consider the general availability of credit, the level of disposable income, and the propensity of people to spend, they are considering what factors? Economic factors Social factors Business factors Political factors 7. This environment in the strategic planning process comprises factors in the competitive situation that affect a firm’s success in acquiring needed resources or in profitably marketing its goods and services. Operating environment Business environment Industry environment Remote environment 8. A firm’s access to needed personnel is affected primarily by four factors that include the firm’s size and location, competitive hourly rates, availability of talented people, and its relationship with labor unions the firm’s reputation as an employer, local employment rates, the ready availability of people with the needed skills, and its relationship with labor unions the firm’s reputation as an employer, national employment rates, community involvement, and overall employee satisfaction the firm’s size and location, local employment rates, labor unions to assist with labor needs, and trained potential employees 9. Which of these is a determinant of entry, according to Porter? Exit barriers Presence of substitute input Economies of scale Ability to backward integrate 10. This element of employment or labor represents the workers in their negotiations with employers through the process of collective bargaining.
Labor unions Human Resources Wage & Hours Association Hiring agent 11. Which threat of entry creates a barrier by forcing entrants to spend heavily to overcome customer loyalty? Product differentiation Powerful sellers Powerful buyers Economies of scale 12. This is considered a collection of firms that offer similar products or services that customers perceive to be substitutable for one another.. Oligopoly Industry Monopoly Environment 13. Economies of scale in an industry refers to improved contractual agreements with suppliers in the near term decreased barriers to entry to new firms attempting to enter the industry savings that companies within the industry achieve due to increased volume declining average short run costs per unit 14. 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 Demographic information Geographic information 15. This term refers to the relationships among human beings and other living things and the air, soil, and water that supports them. Ecology Eco-efficiency
Going green Society 16. This factor considers or provides creative adaptations that can suggest possibilities for new products or for improvements in existing products or in manufacturing and marketing techniques. Industry factor Sales factor Operations factor Technological factor 17. The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to SWOT analysis technological forecasting environmental scanning business analysis 18. 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? Operating environment Industry environment Remote environment Business environment