MGMT 489 Chap 3 Exam Questions With 100% Correct Answers 2024/2025

MGMT 489 Chap 3 Exam Questions With 100% Correct Answers 2024/2025 Which of the following helped Airbnb develop a successful business in the peer-to-peer rental space? - answer-presenting a well-designed website -fortuitous timing that led to growing demand -developing a smooth transaction between hosts and guests When managers understand the forces in the external environment, they are better able to ______. - answermitigate threats and leverage opportunities In the PESTEL model, political factors are those that relate to ______. - answergovernment bodies Which of the following are examples of economic factors in the firm's general environment? (Check all that apply.) - answer-growth rates -price stability -interest rates Which of the following are examples of sociocultural factors? (Check all that apply.) - answer-the widespread adoption of smart phones -the growth of the Hispanic population -an increased demand by consumers for gluten-free products Which of the following statements about Airbnb is correct? - answerIt handles more accommodations than the three biggest hotel chains combined. Managers have ______ direct influence over external forces in the firm's general environment than those in the firm's task environment. - answerless An example of a recent innovation in process technology is ______. - answerlean manufacturing ______ factors result from the processes and actions of government bodies that influence the decisions and behavior of firms. - answerPolitical