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118.
Scenario analysis draws on a range of disciplines and interests. It is a more _______
approach to forecasting.
119.
In the SWOT framework, ______________ are the same for all firms in the same competitive
environment.
120.
In the SWOT framework, ______________ are internal factors that are specific to the
company.
121.
Heightened concern with fitness might be a threat to some companies and an opportunity to
others. In the SWOT framework, these are
122.
By emphasizing the importance of identifying opportunities and threats, the SWOT framework
makes firms act ________ rather than ___________.
123.
SWOT analysis raises awareness about the role of strategy in creating a match between the
environmental conditions and ______________ of the firm.
124.
Steve Jobs, former chairman of Apple, demonstrated that ___________ also are important in
forecasting.
125.
Which of the following is not a correct usage of the SWOT framework?
126.
The aging of the population, changes in ethnic composition, and effects of the baby boom are
__________ changes.
127.
Larger numbers of women entering the work force since the early 1970s is an example of
128.
Emerging sociocultural changes in the environment include
129.
All of the following are important elements of the political and legal segment of the general
environment except
130.
Which of the following would be considered part of the general environment of a firm?
131.
Interest-rate increases have a __________ impact on the residential home construction
industry and a __________ effect on industries that produce consumer necessities such as
prescription drugs or basic grocery items.
132.
In the general environment, many relationships exist among the various elements. General
environmental trends can have positive and negative impacts on various industries. For
example, the aging population might have a ______ impact on the health care industry and a
______ impact on the baby product industry. These are called _____________ impacts.
133.
In the general environment, which of the following is not a demographic trend?
134.
Lowes has found that women prefer to do larger home-improvement projects with a man,
whether a boyfriend, husband, or neighbor. As a result, in addition to its recipe card classes
(that explain various projects that take only one weekend), Lowes offers co-ed store clinics for
projects like sink installation. This is an example of which segment of the general
environment?
135.
Doctors and other health professionals say it is becoming harder to stay on the right side of
the rules as billing requirements grow more convoluted. This is an example of which segment
of the general environment?
136.
Crowdsourcing is one form of technology that affects multiple segments of the general
environment. Which of the following is not an example of crowdsourcing?
137.
Using the Cuusoo System, Lego develops ideas that are generated by the many children and
adults who create a model, take photos, write project descriptions, and submit their idea on
the Lego website. This is an example of using __________ to develop new products.
138.
Which is considered a force in the five-forces model?
139.
Which of the following firms would likely pose the least competitive threat?
140.
The threat of new entrants is high when there are
141.
Product differentiation by incumbents act as an entry barrier because
142.
Which of the following would be an entry barrier?
143.
An automobile manufacturer acquires a rental car company. This is an example of
144.
The bargaining power of the buyer is greater than that of the supplier when
145.
Buyer power will be greater when
146.
The bargaining power of suppliers increases as
147.
New communication technology can impact seemingly unrelated industries such as the airline
industry. This would be an example of a
148.
The bargaining power of suppliers is enhanced under the following market condition:
