MOB Chapter 9 Study Guide Test 2024.
MOB Chapter 9 Study Guide Test 2024. A ________ describes the rationale of how a company is going to make money. A) functional strategy B) business model C) SWOT analysis D) core competency - CORRECT ANSWER B The first four steps of the strategic management process describe the strategic ________ that must take place in an organization. A) evaluation B) controlling C) planning D) implementation - CORRECT ANSWER C Defining the organizational mission forces managers to identify ________. A) what the labor supply is like in the locations where the organization operates B) what the organization is in business to do C) what the competitor is doing D) what pending legislation will affect the organization - CORRECT ANSWER B Managers do an external analysis so that they know about ________. A) the firm's basic beliefs and ethical priorities B) what the competition is doing C) resources the firm does not possess D) their organization's core competencies - CORRECT ANSWER B When an organization is analyzing its labor supply, it is studying its ________. A) organizational culture B) internal environment C) external environment D) organizational mission - CORRECT ANSWER C ________ are positive trends in the external environment. A) Strengths B) Threats C) Weaknesses D) Opportunities - CORRECT ANSWER D
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