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 __________
point-in-time snapshot of a moving target
b. dynamic view of a moving target
c. point-in-time snapshot of static industries
Answer: a
Question: managers are able to influence which of the following types of external forces?
a. the structure of their industry
b. strategic group composition
c. interest rates
d. currency exchange rates
Answer: a, b
Question: a rise in economic growth is reflected by __________
a. businesses expanding operations to satisfy demand
b. businesses closing operations due to lack of demand
c. businesses staying the same
Answer: a
Question: the economic recession that began in 2008 in the united states was the result of unwise investments in __________
a. real estate
b. the online economy
c. stocks
d. commodities
Answer: a
Question: in the group of external factors that form the PESTEL model, the “P” stands for __________ and the “L” stands for __________
Answer: political, legal
Question: what does PESTEL stand for?
Answer: political, economic, sociocultural, technological, ecological, and legal
Question: __________ factors result from the processes and actions of government bodies that influence the decisions and behavior of firms
Answer: political
Question: which of the following are employed as nonmarket strategies to influence government bodies?
a. lobbying
b. advertising
c. public relations
d. litigation
Answer: a, c, d
Question: which of the following are examples of economic factors in the firm’s general environment?
a. growth rates
b. government regulations
c. price stability
d. technological advancements
e. interest rates
Answer: a, c, e
Question: in a period of economic boom, unemployment is __________, and human resources become expensive
a. variable
b. fluctuating
c. low
d. high
Answer: c