BA 323 Exam 3 Business Analytics Assessment
A+ Questions and Answers Verified Solutions
Latest Update 2026/2027
Question:
business level strategy.
Answer:
focuses on individual business units or product/service lines
Question:
Functional Strategy.
Answer:
A plan of action to improve the ability of each of an organization's functions to perform its
task-specific activities in ways that add value to an organization's goods and services.
Question:
SWOT analysis.
Answer:
strengths, weaknesses, opportunities, threats
Question:
PESTEL Analysis.
Answer:
The examination of political, economic, social, technological, environmental, and legal factors and
their implications for an organization.
Question:
VRIO Framework.
,Answer:
Value, Rarity, Imitability, Organization
Question:
Strategic Management Process.
Answer:
1. Establish the mission and the vision
2. Assess the current reality
3. Formulate the grand strategy
4. Implement the strategy
5. Maintain strategic control
Question:
three types of corporate/grand strategies.
Answer:
growth, stability, defensive
Question:
growth strategy.
Answer:
involves expansion - as in sales revenues, market share, number of employees, or number of
customers
Question:
stability strategy.
Answer:
a grand strategy that involves little or no significant change
Question:
, defensive strategy (retrenchment strategy).
Answer:
a grand strategy that involves reduction in the organization's efforts
Question:
What is the first force in Porter's Five Competitive Forces?.
Answer:
Threat of new entrants
Question:
What is the second force in Porter's Five Competitive Forces?.
Answer:
Bargaining power of suppliers
Question:
What is the third force in Porter's Five Competitive Forces?.
Answer:
Bargaining power of buyers
Question:
What is the fourth force in Porter's Five Competitive Forces?.
Answer:
Threat of substitute products or services
Question:
What is the fifth force in Porter's Five Competitive Forces?.
Answer:
Rivalry among competitors
A+ Questions and Answers Verified Solutions
Latest Update 2026/2027
Question:
business level strategy.
Answer:
focuses on individual business units or product/service lines
Question:
Functional Strategy.
Answer:
A plan of action to improve the ability of each of an organization's functions to perform its
task-specific activities in ways that add value to an organization's goods and services.
Question:
SWOT analysis.
Answer:
strengths, weaknesses, opportunities, threats
Question:
PESTEL Analysis.
Answer:
The examination of political, economic, social, technological, environmental, and legal factors and
their implications for an organization.
Question:
VRIO Framework.
,Answer:
Value, Rarity, Imitability, Organization
Question:
Strategic Management Process.
Answer:
1. Establish the mission and the vision
2. Assess the current reality
3. Formulate the grand strategy
4. Implement the strategy
5. Maintain strategic control
Question:
three types of corporate/grand strategies.
Answer:
growth, stability, defensive
Question:
growth strategy.
Answer:
involves expansion - as in sales revenues, market share, number of employees, or number of
customers
Question:
stability strategy.
Answer:
a grand strategy that involves little or no significant change
Question:
, defensive strategy (retrenchment strategy).
Answer:
a grand strategy that involves reduction in the organization's efforts
Question:
What is the first force in Porter's Five Competitive Forces?.
Answer:
Threat of new entrants
Question:
What is the second force in Porter's Five Competitive Forces?.
Answer:
Bargaining power of suppliers
Question:
What is the third force in Porter's Five Competitive Forces?.
Answer:
Bargaining power of buyers
Question:
What is the fourth force in Porter's Five Competitive Forces?.
Answer:
Threat of substitute products or services
Question:
What is the fifth force in Porter's Five Competitive Forces?.
Answer:
Rivalry among competitors
