STRATEGIC MANAGEMENT A
COMPETITIVE ADVANTAGE APPROACH
CONCEPTS AND CASES 18TH EDITION FRED
DAVID FOREST DAVID MEREDITH TEST
BANK FINAL PAPER COMPLETE
SOLUTIONS 2026 GRADED A+
⫸ Managers have ______ direct influence over external forces in the
firm's general environment than those in the firm's task environment.
Answer: less
⫸ ______ factors result from the processes and actions of government
bodies that influence the decisions and behavior of firms.
Multiple choice question.
Profitable
Political
Technological
Economic Answer: Political
⫸ Which of the following are examples of economic factors in the
firm's general environment? (Check all that apply.)
Multiple select question.
growth rates
technological advancements
,interest rates
price stability
government regulations Answer: growth rates
interest rates
price stability
⫸ The ______ is a measure of the change in the amount of goods and
services produced by a nation's economy.
Multiple choice question.
interest rate
currency exchange rate
level of employment
economic growth rate Answer: economic growth rate
⫸ Which of the following statements about Airbnb is correct?
Multiple choice question.
It was spun off as a service developed by Google, Inc.
It handles more accommodations than the three biggest hotel chains
combined.
It was founded before the Internet was created.
It operates only in North America and Europe. Answer: It handles more
accommodations than the three biggest hotel chains combined.
, ⫸ Managers are able to influence which of the following types of
external forces? (Check all that apply.)
Multiple select question.
the structure of their industry
strategic group composition
currency exchange rates
interest rates Answer: the structure of their industry
strategic group composition
⫸ In the PESTEL model, political factors are those that relate to
______.
Multiple choice question.
employment
climate and weather
banking organizations
government bodies Answer: government bodies
⫸ True or false: Sociocultural factors tend to be fixed. Answer: False
⫸ The economic factors that affect a firm's external environment are
______.
Multiple choice question.
largely macroeconomic
primarily ecological
COMPETITIVE ADVANTAGE APPROACH
CONCEPTS AND CASES 18TH EDITION FRED
DAVID FOREST DAVID MEREDITH TEST
BANK FINAL PAPER COMPLETE
SOLUTIONS 2026 GRADED A+
⫸ Managers have ______ direct influence over external forces in the
firm's general environment than those in the firm's task environment.
Answer: less
⫸ ______ factors result from the processes and actions of government
bodies that influence the decisions and behavior of firms.
Multiple choice question.
Profitable
Political
Technological
Economic Answer: Political
⫸ Which of the following are examples of economic factors in the
firm's general environment? (Check all that apply.)
Multiple select question.
growth rates
technological advancements
,interest rates
price stability
government regulations Answer: growth rates
interest rates
price stability
⫸ The ______ is a measure of the change in the amount of goods and
services produced by a nation's economy.
Multiple choice question.
interest rate
currency exchange rate
level of employment
economic growth rate Answer: economic growth rate
⫸ Which of the following statements about Airbnb is correct?
Multiple choice question.
It was spun off as a service developed by Google, Inc.
It handles more accommodations than the three biggest hotel chains
combined.
It was founded before the Internet was created.
It operates only in North America and Europe. Answer: It handles more
accommodations than the three biggest hotel chains combined.
, ⫸ Managers are able to influence which of the following types of
external forces? (Check all that apply.)
Multiple select question.
the structure of their industry
strategic group composition
currency exchange rates
interest rates Answer: the structure of their industry
strategic group composition
⫸ In the PESTEL model, political factors are those that relate to
______.
Multiple choice question.
employment
climate and weather
banking organizations
government bodies Answer: government bodies
⫸ True or false: Sociocultural factors tend to be fixed. Answer: False
⫸ The economic factors that affect a firm's external environment are
______.
Multiple choice question.
largely macroeconomic
primarily ecological
