QUESTION $12$

Which analysis is used to examine a situation faced by competitors in an industry?

Internal Audit

Competitor Monitoring Analysis

Confidentiality Bestowing Analysis

Potential Competing Forces Analysis

Porter's Five Forces Analysis

QUESTION $13$

"The SWOT framework is developed by conducting external, competitive, and internal assessments and is helpful in determining the strategic issue facing the organization; however, it can still have its drawbacks. Which of the following is NOT one of the cautions that executives should keep in mind while conducting a SWOT analysis?"

Keep internal and external factors separate from each other

Opportunities should not be confused with strategic moves designed to take advantage of opportunities

Do not overemphasize the results of SWOT analysis

Use the SWOT analysis as a rigorous method for selecting strategies

Use VRIO and Value Chain analysis to uncover internal organizational strengths and weaknesses

QUESTION $14$

What would be an example of an opportunity for an organization?

International governments reducing tariffs.

A drought that has potential to reduce the raw materials available for production.

The organization lacks capital necessary for potential purchases.

The organization has a strong brand.

The organization has a loyal customer base.