41- Threats

Come only from the broad environment

Typically cannot be overcome

Can stand in the way of organizational competitiveness and stakeholder satisfaction

Are generally the result of moving too slowly against competitors

42- In a SWOT analysis, a strength:

Leads to overconfidence on the part of top managers

Cannot be duplicated by competitors

Is a condition in the broad or task environment that can allow a firm to overcome organizational weaknesses

Is an internal capability or resource that may lead to a competitive advantage

43- Adaptation is the process of:

Responding to the environment

Evaluating the environment

Influencing the environment

Retreating from the environment

44- Who usually conducts a SWOT Analysis for a business?

Financial Institutions/Banks

Lawyers

Employees

Managers

45- A company's competitive strategy deals with

Management's game plan for competing successfully - the specific efforts to please customers, offensive and defensive moves to counter the maneuvers of rivals, the reactions and responses to whatever market conditions prevail at the moment and the initiat

What its strategy will be in such functional areas as R&D, production, sales and marketing, distribution, finance and accounting and so on

Its efforts to change its position on the industry's strategic group map

46- Subsidiary-level strategy deals with the question of:

Which business or businesses to compete in

How a subsidiary positions itself among local and international rivals

Who should run the multinational firm

Which business should be divested

47- When the subsidiary faces conditions of high environmental uncertainty, headquarter managers should:

Give more authority to subsidiaries to make strategic decisions

Give less authority to subsidiaries to make strategic decisions

Close the subsidiary

Move the subsidiary to another country

48- Functional benchmarking involves:

Benchmarking your competitors.

Benchmarking global competitors in your industry.

Benchmarking organizations with regards to specific business activities or processes.

Benchmarking other multinational firms with similar corporate strategies or similar customers.

49- A low-cost leader can translate its low-cost advantage over rivals into superior profit performance by

Cutting its price to levels significantly below the prices of rivals

Either using its low-cost edge to underprice competitors and attract price sensitive buyers in large enough numbers to increase total profits or refraining from price-cutting and using the low-cost advantage to earn a bigger profit margin on each unit sol

Going all out to use its cost advantage to capture a dominant share of the market

50- Which of the following is true about preparing a SWOT Analysis?

It should focus on where the organization is today, not where it could be in the future.

A SWOT Analysis is objective

It should be specific and avoid grey areas

It should analyze the organization only and ignore the performance of competitors.