Answer the 3 multiple choice questions and provide a written paragraph as to why you selected your answer.

Required/ Graded

10 questions: CU 1.0

Points: 3

1. A good mission statement has what form of orientation as its main focus?

A) an employee orientation.

B) a customer orientation.

C) a shareholder orientation.

D) an environmental orientation.

E) a profit orientation.

2. According to Porter, what is usually the most powerful of the five competitive forces? Select you answer from the options and explain your reason for the selection.

A) Potential development of substitute products

B) Bargaining power of suppliers

C) Bargaining power of consumers

D) Rivalry among competing firms

E) Potential entry of new competitors

3. In general, what happens to American goods in overseas markets when there is a strong dollar?

A) They are less expensive.

B) They are more attractive.

C) They are cheaper.

D) They are more expensive.

E) They are desirable.