1. Which of the following enables firm to determine what theorganization might do?

a	Strategic plan
b	Internal Analysis
c	External Analysis
d	Strategic Management

2. The following are components of the MissionStatement EXCEPT:

a	competitors
b	technology
c	market
d	customers

3. Which of the following is a set of actions that managers taketo improve their performance?

a	A plan
b	A strategy
c	Strategic Plan
d	Strategic Management

4. forces have a direct impact on the potentialattractiveness on various strategies.

__MCE_ITEM__A. Technology

__MCE_ITEM__B. Political

__MCE_ITEM__C. Economic

__MCE_ITEM__D. Cultural

a	Technology
b	Political
c	Cultural
d	Economic

5. Which of the following, would not be considered one of thecomponents of a mission statement?

a	The target market for Texaco is oil and gas producers as well asproducers of chemicals.
b	Texaco shall hire only those individuals who have withsufficient educational levels so as to be of benefit to ourcustomers
c	The technologies utilized by Texaco shall focus upon developmentof alternative sources of gas and oil so as to remain competitivewithin the industry
d	The customers of Texaco shall include global and local consumersof gas and oil products and domestic users of nontoxicchemicals

6. The environmental segments that comprise the generalenvironment typically will include all but one of thefollowing:

a	demographic factors.
b	sociocultural factors.
c	substitute products or services.
d	technological factors.

7. The _______________ states that internal resources aremore important for a firm than external factors to sustaincompetitive advantage.

a	Traditionalist View
b	Resource-Based view
c	Competitive Intelligence View
d	Industrial Organizational view

8. The company’s philosophy is articulated through its:

a	vision
b	objectives
c	goal
d	mission

Answer rating: 100% (QA)

Q1 B Internal analysis An Internal Analysis is the process of an organization examining its internal components to assess its resources assets charact... View the full answer