SEVI 3013 TEST 1 QUESTIONS AND
ANSWERS
Scanning the general environment would identify information on - Answer-the aging
population and ethnic shifts
SWOT analysis is a framework for analyzing the internal and external environment of a
company. It consists of strengths, weaknesses, opportunities, and threats. According to
a SWOT analysis, a company should ________ the ________ presented by the
environment. - Answer-take advantage of; opportunities
In the SWOT framework, ________ are the same for all firms in the same competitive
environment. - Answer-opportunities and threats
Underperformance relative to other firms in the same industry or the industry average
results in a(n) ________Blank for a firm. - Answer-competitive disadvantage
A firm is said to gain a competitive advantage when it accomplishes which of the
following? - Answer-provides products similar to its competitors, but at lower prices
For a firm that operates in an industry where competition is high, which of the following
practices will result in inferior performance? - Answer-trying to be everything to
everybody by combining different competitive strategies
If a company wants to gain a competitive advantage in a highly competitive industry, it
should ideally - Answer-stake out a unique position within the industry.
According to AFI strategy framework, in which of the following tasks of strategic
management does a firm identify the roles strategic leaders play? - Answer-strategy
analysis
Which of the following stages in the AFI strategy framework involves designing a
business, corporate, and global strategy? - Answer-strategy formulation
Inbound logistics include which of the following? - Answer-warehousing and inventory
control
In assessing its primary activities, an airline would examine - Answer-baggage handling
According to value-chain analysis, ________Blank would be considered part of the
general administration in a firm. - Answer-information systems
Regarding the value-chain concept, the most important stakeholder interrelationship is
between ________ and the organization. - Answer-customers
ANSWERS
Scanning the general environment would identify information on - Answer-the aging
population and ethnic shifts
SWOT analysis is a framework for analyzing the internal and external environment of a
company. It consists of strengths, weaknesses, opportunities, and threats. According to
a SWOT analysis, a company should ________ the ________ presented by the
environment. - Answer-take advantage of; opportunities
In the SWOT framework, ________ are the same for all firms in the same competitive
environment. - Answer-opportunities and threats
Underperformance relative to other firms in the same industry or the industry average
results in a(n) ________Blank for a firm. - Answer-competitive disadvantage
A firm is said to gain a competitive advantage when it accomplishes which of the
following? - Answer-provides products similar to its competitors, but at lower prices
For a firm that operates in an industry where competition is high, which of the following
practices will result in inferior performance? - Answer-trying to be everything to
everybody by combining different competitive strategies
If a company wants to gain a competitive advantage in a highly competitive industry, it
should ideally - Answer-stake out a unique position within the industry.
According to AFI strategy framework, in which of the following tasks of strategic
management does a firm identify the roles strategic leaders play? - Answer-strategy
analysis
Which of the following stages in the AFI strategy framework involves designing a
business, corporate, and global strategy? - Answer-strategy formulation
Inbound logistics include which of the following? - Answer-warehousing and inventory
control
In assessing its primary activities, an airline would examine - Answer-baggage handling
According to value-chain analysis, ________Blank would be considered part of the
general administration in a firm. - Answer-information systems
Regarding the value-chain concept, the most important stakeholder interrelationship is
between ________ and the organization. - Answer-customers
