A Rise In Economic Growth Is Reflected By ______.

Question: although the five forces model is useful in understanding an industry’s profit potential, it provides only a __________

  1. point-in-time snapshot of a moving target

  2. b. dynamic view of a moving target

  3. c. point-in-time snapshot of static industries

  4. Answer: a

  5. Question: managers are able to influence which of the following types of external forces?

  6. a. the structure of their industry

  7. b. strategic group composition

  8. c. interest rates

  9. d. currency exchange rates

  10. Answer: a, b

  11. Question: a rise in economic growth is reflected by __________

  12. a. businesses expanding operations to satisfy demand

  13. b. businesses closing operations due to lack of demand

  14. c. businesses staying the same

  15. Answer: a

  16. Question: the economic recession that began in 2008 in the united states was the result of unwise investments in __________

  17. a. real estate

  18. b. the online economy

  19. c. stocks

  20. d. commodities

  21. Answer: a

  22. Question: in the group of external factors that form the PESTEL model, the “P” stands for __________ and the “L” stands for __________

  23. Answer: political, legal

  24. Question: what does PESTEL stand for?

  25. Answer: political, economic, sociocultural, technological, ecological, and legal

  26. Question: __________ factors result from the processes and actions of government bodies that influence the decisions and behavior of firms

  27. Answer: political

  28. Question: which of the following are employed as nonmarket strategies to influence government bodies?

  29. a. lobbying

  30. b. advertising

  31. c. public relations

  32. d. litigation

  33. Answer: a, c, d

  34. Question: which of the following are examples of economic factors in the firm’s general environment?

  35. a. growth rates

  36. b. government regulations

  37. c. price stability

  38. d. technological advancements

  39. e. interest rates

  40. Answer: a, c, e

  41. Question: in a period of economic boom, unemployment is __________, and human resources become expensive

  42. a. variable

  43. b. fluctuating

  44. c. low

  45. d. high

  46. Answer: c

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