The strategy cycle is a process managers use to achieve an advantage in the marketplace, and the measurement and evaluation stage tells managers whether the advantage is being achieved. Select one: True False ABC Products is interested in identifying what technological opportunities exists for their business. ABC should use which of the following strategic analysis tools? Select one: a. SWOT b. Vision and Mission c. Resources and Capabilities d. PESTEL e. Porter's 5 Forces Which of the following is NOT an activity of strategic management process? Select one: a. Strategic analysis b. Vision and Mission c. Measure and evaluate performance d. Create and choose strategies e. Establish compensation for performance All of these questions are answered by the Porter's 5 Force tool EXCEPT: Select one: a. What sociocultural trends provide opportunities for my business? b. Are other firms competing in the industry based on price or on differentiation? c. Are new firms coming into this market? d. Do buyers have attractive substitute options for my offerings? e. Are suppliers available for the supplies I need? Which term describes the set of activities that firm managers undertake in order to try to put their firms in the best possible position to compete successfully in the marketplace? Select one: a. Strategic analysis b. strategic positioning c. Value chain d. Strategic management process e. SWOT