BUS485 Midterm Exam Review

An industry is considered to be attractive because there are ...

The Physical element measures the structure of an organization.

Ethical consideration is when leaders make decisions that are fair for the organization.

What are the different types of Business-Level strategies?

Competitive Strategy Decision is achieved by...

What type of Stakeholders are 'Shareholders'?

What are the four criteria of sustaining competitive advantage?

Conditions affecting management decisions are: Certainty, Non-complex, and Conflicts.

Business-Level Strategies compete in ...

What is the correct order to reach the stage to draft a strategic plan?

How many components construct the 'Model of The Value Chain'?

Demographic, Economic, and Physical elements have been questioned, which elements remain to be discussed?

What is the correct order of the Competitor Analysis?

Personal and Business savings are trends/issues pertaining to the Economic segment.

The Resource-Based Model assumes organizations have unique resources and capabilities. Therefore contributing to...

Identifying early signals of environmental changes and trends is ...

A set of capabilities used to respond to various demands and opportunities existing in a competitive environment.

Identify the correct order of Building Competitive Advantage...

Vision and Mission are the same, just used differently.

The external environmental analysis study what three environments?

The Five Forces of Competition are...

The Industry Analysis is also known as: Potter's Five Forces

Population, Age, and Ethnicity are examples of which element?

Unattrative industries are considered to be 'low profit potential'.

The I/O Model explains the external environment's dominant influence on a firm's strategic actions.

When all of the criteria to sustain competitive advantage are 'No', is consider as: Temporary Competitive Advantage