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STR 581 Week 2 Knowledge Check 100%.docx

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1. This group is considered powerful if it is not obliged to contend with other products for sale to

the industry

2. What Human Resource component within its operating environment is a major element of a

firm’s ability to satisfy its personnel needs?

3. The environment that is typically subject to much influence by the firm is

4. A firm’s external environment is divided into various subcategories that include

5. This term refers to descriptive characteristics that can be used to differentiate groups of

present or potential customers

6. When managers consider the general availability of credit, the level of disposable income,

and the propensity of people to spend, they are considering what factors

7. This environment in the strategic planning process comprises factors in the competitive

situation that affect a firm’s success in acquiring needed resources or in profitably marketing

its goods and services.

8. A firm’s access to needed personnel is affected primarily by four factors that include

9. Which of these is a determinant of entry, according to Porter?

10. This element of employment or labor represents the workers in their negotiations with

employers through the process of collective bargaining.

11. Which threat of entry creates a barrier by forcing entrants to spend heavily to overcome

customer loyalty?

12. This is considered a collection of firms that offer similar products or services that customers

perceive to be substitutable for one another

13. Economies of scale in an industry refers to

14. This information is used to explain or predict some aspect of customer behavior with regard to

a product or service. Information such as usage rate, benefits sought, and brand loyalty can

provide significant aid in the design of more accurate and profitable strategies.

15. This term refers to the relationships among human beings and other living things and the air,

soil, and water that supports them.

16. This factor considers or provides creative adaptations that can suggest possibilities for new

products or for improvements in existing products or in manufacturing and marketing

techniques.

17. The quasi-science of anticipating environmental and competitive changes and estimating their

importance to an organizations operation refers to

18. Because the quantity, quality, price, and accessibility of financial, human, and material

resources are rarely ideal, assessment of suppliers and creditors is critical to an accurate

evaluation of which of the firm’s external environments?

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1. This group is considered powerful if it is not obliged to contend with other products for sale to

the industry

Suppliers

2. What Human Resource component within its operating environment is a major element of a

firm’s ability to satisfy its personnel needs?

Reputation

3. The environment that is typically subject to much influence by the firm is

operating

4. A firm’s external environment is divided into various subcategories that include

remote, industry, and operating

5. This term refers to descriptive characteristics that can be used to differentiate groups of

present or potential customers

Demographics

6. When managers consider the general availability of credit, the level of disposable income,

and the propensity of people to spend, they are considering what factors

Economic factors

7. This environment in the strategic planning process comprises factors in the competitive

situation that affect a firm’s success in acquiring needed resources or in profitably marketing

its goods and services.

Operating environment

8. A firm’s access to needed personnel is affected primarily by four factors that include

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1. This group is considered powerful if it is not obliged to contend with other products for sale to the industry 2. What Human Resource component within its operating environment is a major element of a firm's ability to satisfy its personnel needs? 3. The environment that is typically subject to much influence by the firm is 4. A firm's external environment is divided into various subcategories that include 5. This term refers to descriptive characteristics that can be used to differentiate groups of present or potential customers 6. When managers consider the general availability of credit, the level of disposable income, and the propensity of people to spend, they are considering what factors 7. This environment in the strategic planning process comprises factors in the competitive situation that affect a firm's success in acquiring needed resources or in profitably marketing its goods and services. 8. A firm's access to needed personnel is affected primarily by four factors that include? 9. Which of these is a determinant of entry, according to Porter? 10. This element of employment or labor represents the workers in their negotiations with employers through the process of col ...
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