C483 Multiple Attempt Readiness Exam (Objective Assessment) questions with complete solutions

The internal environment includes: correct answer: culture and climate Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants? correct answer: Competitive environment Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face of sinking market share, Pluto reduced its dependency on laptops by venturing into tablets and smartphones. This is an example of _____. correct answer: diversification The planning level with the shortest time horizon is known as _____ planning. correct answer: operational Which of the following is one among the six components of the strategic management process? correct answer: SWOT analysis The most effective _____ statements inspire organization members, offering a worthwhile target for the entire organization to work together to achieve. correct answer: vision A vertical integration strategy is a strategy: correct answer: that involves expanding the domain of the organization into supply channels or to distributors. When an enterprising individual pursues a lucrative opportunity, it is known as: correct answer: entrepreneurship Which of the following is a key difference between