Question: I. True or False Question: 13. The two most important consideration for top management when establishing the company's strategic plan are the firm's weaknesses and

I. True or False Question:

13. The two most important consideration for top management when establishing the company's strategic plan are the firm's weaknesses and strength and its position in relation to its environment.

15. A market with high bargaining power of buyers makes the industry more attractive and increase profit potential for the firm.

16. A market with high bargaining power among suppliers makes the industry more attractive and increase profit potential for the firm.

17. External assessments help firms to take advantage of opportunities and reduce the impact of threats.

18. A market with low barriers to entry makes the industry more attractive and increase profit potential for the firm.

19. A market with few potential substitutes makes the industry more attractive and increase profit potential for the firm.

21.The threat of new entrants is high when switching costs for firms are low.

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