stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Mastering SOSTAC Flashcards | StudBud
Explore
/
Mastering SOSTAC
Mastering SOSTAC
10 terms
·
StudBud Administration
·
21 plays
Test your knowledge and learn how to apply the SOSTAC framework to any business
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
The task environment includes economy, technology, politico legal & sociocultural
True
False
2
SOSTAC is
only
for large companies.
True
False
3
SOSTAC can be applied to
any
business.
False
True
4
The '
Situation'
analysis is about understanding the market.
True
False
5
Your Health Care provider working in a low economy developing country, the
best concept
to adopt
Selling concept
Production conceptc
Product concept
Marketing concept
6
………….. is an obstruction that makes it difficult for a company
to enter
into this specific industry
Macro environment
Entry barriers
Macro environment
Exit barriers
7
The magic word/s that differentiates ‘marketing concept’ from the earlier concepts is
All of the above
Customer analysis & providing differentiated value
Availability
Profitability
8
PORTER 5 Forces include all the following except
Power of suppliers
Power of substitutes
Intensity of rivalry
Medicolegal Power
9
Which
statement/s
is right as regards SWOT
Is a corner stone of marketing plan
Is the starting point of any strategy
SWOT is the funnel end of thorough Situational analysis
All the above
10
PESTEL is an excellent tool for the
internal
analysis of my organization
False
True
