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What is the general environment?
What is the general environment?
- Factors directly influencing a firm and its competitive actions
- Higher level, big trends that influence an industry and the firms within it (correct)
- The set of dimensions under the control of the firm
- The individuals and groups affected by strategic outcomes
Which of the following is a dimension of the general environment?
Which of the following is a dimension of the general environment?
- Competitive actions
- Sociocultural (correct)
- Enforceable claims
- Competitive responses
In the external environment, what do firms have control over?
In the external environment, what do firms have control over?
- Physical dimensions
- Competitive actions (correct)
- Technological advancements
- Economic factors
What is the industry environment?
What is the industry environment?
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Which of the following are dimensions of the general environment that influence an industry?
Which of the following are dimensions of the general environment that influence an industry?
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What is the main focus of strategic management?
What is the main focus of strategic management?
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What is a competitive advantage?
What is a competitive advantage?
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What are above-average returns in the context of business?
What are above-average returns in the context of business?
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How is a vision different from a mission in business strategy?
How is a vision different from a mission in business strategy?
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What does 'risk' refer to in the context of business?
What does 'risk' refer to in the context of business?
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How does a competitive advantage contribute to a firm's success?
How does a competitive advantage contribute to a firm's success?
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