QUIZ #2 ENT MANA 3325 well answered to pass

QUIZ #2 ENT MANA 3325

WHAT ARE THE 3 ELEMENTS OF A MISSION STATEMENT INCLUDES ALL OF THE FOLLOWING EXCEPT?



A) PURPOSE OF THE COMPANY

B) BUSINESS THE COMPANY IS IN

C) COMPETITIVE STRATEGY OF THE COMPANY

D) VALUES OF THE COMPANY - correct answer ✔✔COMPETITIVE STRATEGY OF THE COMAPNY



DEFINE THE COMPETITIVE ADVANTAGE - correct answer ✔✔DIFFICULT TO YOUR COMPETITORS TO COPY,
CUSTOMERS APPRECIATE AND RESPOND TO



IN THE CONTEXT OF ASSESSING A COMPANY STRENGTH AND WEAKNESS, DEFINE STRENGTH - correct
answer ✔✔Positive internal factors a company can draw on to accomplish its mission, goals, and
objectives.



LIST 3 POTENTIAL STRENGTH - correct answer ✔✔LOCATION, LOYAL CUSTOMERS, SPECIAL SKILL



WHICH OF THE FOLLOWING THREATS WERE NOT LISTED IN THE BOOK AS A THREAT?



A) LAW SUITS

B) ENVIRONMENTAL DISASTERS

C) LOSS OF KEY INDIVIDUALS

D) FAILURE TO SECURE FUNDING IN THE FUTURE - correct answer ✔✔LOSS OF KEY IDIVIDUALS



WHICH OF THE FOLLOWING TYPES OF COMPETITORS WAS LISTED IN THE BOOK AND REPRESENTS THE
GREATEST POTENTIAL THREAT?



A) MAJOR COMPETITORS