Podcast
Questions and Answers
What is the weighted score of the trend toward healthy eating eroding concession sales?
What is the weighted score of the trend toward healthy eating eroding concession sales?
Which competitive profile matrix rating indicates a poor response to a critical success factor?
Which competitive profile matrix rating indicates a poor response to a critical success factor?
What percentage increase was reported for movies rented at local Red Box's?
What percentage increase was reported for movies rented at local Red Box's?
What is the total weighted score calculated for the key external factors in the EFE Matrix?
What is the total weighted score calculated for the key external factors in the EFE Matrix?
Signup and view all the answers
How much is the increase in county and city property taxes noted in the content?
How much is the increase in county and city property taxes noted in the content?
Signup and view all the answers
What is the primary focus of an external audit?
What is the primary focus of an external audit?
Signup and view all the answers
Which of the following is NOT one of the five broad categories of external forces?
Which of the following is NOT one of the five broad categories of external forces?
Signup and view all the answers
Which factor is NOT part of the AQCD test?
Which factor is NOT part of the AQCD test?
Signup and view all the answers
How can firms respond to external audit results?
How can firms respond to external audit results?
Signup and view all the answers
What does the term 'SCDE' refer to in the context of external forces?
What does the term 'SCDE' refer to in the context of external forces?
Signup and view all the answers
Which of the following economic factors affects strategic decisions regarding consumption patterns?
Which of the following economic factors affects strategic decisions regarding consumption patterns?
Signup and view all the answers
Which of these statements best describes the AQCD test's admissibility criteria?
Which of these statements best describes the AQCD test's admissibility criteria?
Signup and view all the answers
Which of the following best describes the overall goal of an external audit?
Which of the following best describes the overall goal of an external audit?
Signup and view all the answers
Which of the following is NOT considered a key SCDE variable?
Which of the following is NOT considered a key SCDE variable?
Signup and view all the answers
What is one method of obtaining competitive intelligence ethically?
What is one method of obtaining competitive intelligence ethically?
Signup and view all the answers
Which of the following factors is aligned with political, governmental, and legal variables affecting organizations?
Which of the following factors is aligned with political, governmental, and legal variables affecting organizations?
Signup and view all the answers
What does competitive intelligence (CI) primarily focus on?
What does competitive intelligence (CI) primarily focus on?
Signup and view all the answers
Among the following, which approach is part of identifying competitive forces?
Among the following, which approach is part of identifying competitive forces?
Signup and view all the answers
Which of the following is a technology that is said to impact strategic-planning decisions?
Which of the following is a technology that is said to impact strategic-planning decisions?
Signup and view all the answers
What represents a challenge in obtaining competitive intelligence?
What represents a challenge in obtaining competitive intelligence?
Signup and view all the answers
Which of the following describes the Five-Forces Model of Competition?
Which of the following describes the Five-Forces Model of Competition?
Signup and view all the answers
Which of the following is a common political force that can affect business strategies?
Which of the following is a common political force that can affect business strategies?
Signup and view all the answers
In competitive intelligence, which practice is generally considered unethical?
In competitive intelligence, which practice is generally considered unethical?
Signup and view all the answers
Which technological advancement is expected to shape the future of many industries according to current trends?
Which technological advancement is expected to shape the future of many industries according to current trends?
Signup and view all the answers
Which of the following best captures consumer behavior changes relevant to business strategies?
Which of the following best captures consumer behavior changes relevant to business strategies?
Signup and view all the answers
What factor is likely to signify the impact of social media on competitive positioning?
What factor is likely to signify the impact of social media on competitive positioning?
Signup and view all the answers
Which of the following would NOT be considered a competitive force?
Which of the following would NOT be considered a competitive force?
Signup and view all the answers
What factors contribute to high rivalry among competing firms?
What factors contribute to high rivalry among competing firms?
Signup and view all the answers
Which of the following is NOT a barrier to entry in a market?
Which of the following is NOT a barrier to entry in a market?
Signup and view all the answers
Under what condition would the bargaining power of suppliers be considered high?
Under what condition would the bargaining power of suppliers be considered high?
Signup and view all the answers
What typically happens when the price of substitute products decreases?
What typically happens when the price of substitute products decreases?
Signup and view all the answers
Which factor increases the bargaining power of consumers?
Which factor increases the bargaining power of consumers?
Signup and view all the answers
Which of the following could weaken barriers to entry in a market?
Which of the following could weaken barriers to entry in a market?
Signup and view all the answers
What is a potential consequence of high fixed costs among competing firms?
What is a potential consequence of high fixed costs among competing firms?
Signup and view all the answers
In what circumstance might a buyer possess significant bargaining power?
In what circumstance might a buyer possess significant bargaining power?
Signup and view all the answers
What role do governmental regulations typically play in market dynamics?
What role do governmental regulations typically play in market dynamics?
Signup and view all the answers
Which situation would likely result in a market experiencing high pressure from substitutes?
Which situation would likely result in a market experiencing high pressure from substitutes?
Signup and view all the answers
What strategy might companies undertake to improve their bargaining position against suppliers?
What strategy might companies undertake to improve their bargaining position against suppliers?
Signup and view all the answers
What effect does a lack of access to raw materials have on new entrants in a market?
What effect does a lack of access to raw materials have on new entrants in a market?
Signup and view all the answers
In the context of industry analysis, what do key external factors typically include?
In the context of industry analysis, what do key external factors typically include?
Signup and view all the answers
How are weighted scores calculated in the EFE matrix?
How are weighted scores calculated in the EFE matrix?
Signup and view all the answers
