MGT 6655 ACTUAL TEST PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
● Business strategy, as a level of the company's strategy-making
process, is. Answer: focused on improving the competitive strength of a
single business unit or nondiversified business.
● Which of the following are key aspects to managing the strategy
execution process. Answer: creating a conducive company culture
presenting the proper internal leadership
staffing the organization to provide the needed expertise
● According to the five-forces model of competition, the competitive
forces affecting industry attractiveness. Answer: go beyond rivalry
among competing sellers.
● For a factor to be considered "relevant" to the macro-environment, it
should be important enough to shape management's decisions regarding
which of the following?. Answer: Business model
Long-term direction
Objectives
● Buyer bargaining power is strong when. Answer: demand is weak.
, ● Which of the following competitive forces affect an industry's
attractiveness? (Check all that apply.). Answer: Competitive pressures
associated with the threat of new entrants into the market
Competitive pressures stemming from buyer bargaining power
Competitive pressures stemming from supplier bargaining power
● Which circumstances would increase the bargaining power of buyers?.
Answer: when buyers are comparatively large and few
when the cost for buyers to switch brands is low
● Which of the following factors lies in the outer ring of macro-
environmental factors and typically has less impact on shaping strategy
than the other, inner ring factors?. Answer: economic conditions
● When consumers view the products of two companies as good , the
companies engage in competition. (Remember to fill the blank with only
one word.). Answer: Blank 1: substitutes or substitutions
● In a single-business company, business strategy consists of both.
Answer: corporate and business strategies.
● When suppliers have sufficient power, they can influence the terms
and conditions of what they supply to producers. Answer: Blank 1:
bargaining, bargining, or bargain
QUESTIONS WITH SOLUTIONS GRADED A+
● Business strategy, as a level of the company's strategy-making
process, is. Answer: focused on improving the competitive strength of a
single business unit or nondiversified business.
● Which of the following are key aspects to managing the strategy
execution process. Answer: creating a conducive company culture
presenting the proper internal leadership
staffing the organization to provide the needed expertise
● According to the five-forces model of competition, the competitive
forces affecting industry attractiveness. Answer: go beyond rivalry
among competing sellers.
● For a factor to be considered "relevant" to the macro-environment, it
should be important enough to shape management's decisions regarding
which of the following?. Answer: Business model
Long-term direction
Objectives
● Buyer bargaining power is strong when. Answer: demand is weak.
, ● Which of the following competitive forces affect an industry's
attractiveness? (Check all that apply.). Answer: Competitive pressures
associated with the threat of new entrants into the market
Competitive pressures stemming from buyer bargaining power
Competitive pressures stemming from supplier bargaining power
● Which circumstances would increase the bargaining power of buyers?.
Answer: when buyers are comparatively large and few
when the cost for buyers to switch brands is low
● Which of the following factors lies in the outer ring of macro-
environmental factors and typically has less impact on shaping strategy
than the other, inner ring factors?. Answer: economic conditions
● When consumers view the products of two companies as good , the
companies engage in competition. (Remember to fill the blank with only
one word.). Answer: Blank 1: substitutes or substitutions
● In a single-business company, business strategy consists of both.
Answer: corporate and business strategies.
● When suppliers have sufficient power, they can influence the terms
and conditions of what they supply to producers. Answer: Blank 1:
bargaining, bargining, or bargain
