MGT 450 Week 2 Quiz

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1. When looking at environmental data, it is important to:

2. Talking to customers is one of the most overlooked ways of discovering new opportunities.

3. The dimensions of Abell’s three-dimensional business-definition model are:

4. Which of the following is not an economic variable?

5. Competitors in an industry that produce more or less the same product have bargaining power over their buyers.

6. Which of the following is not a part of market analysis?

7. Which of the following is not a barrier to entry?

8. Which of the following is not an industry driving force?

9. Critical-Success-Factor (CSF) analysis is one of the few analytical tools available to compare one’s company with its competitors on factors important in the industry.

10. Finding a “blue ocean” or “situational monopoly” is a legitimate part of strategic thinking.