Answer Happy

1. A company’s_______________ advantage distinguishes a firm
from its rivals.
a
comparative
b
absolute
c
relative
d
competitive
2. The ________________ is used to summarize and evaluate
economic, social, cultural, technological and competitive
information.
a
internal factor evaluation matrix
b
grand strategy matrix
c
external factor evaluation matrix
d
competitive profile matrix
3. Which of the following have affect the types of products
developed, the nature of positioning and market segmentation?
a
Economic factors
b
External forces
c
Internal forces
d
Technological factors
4. Which of the following is not an element of a firm’s external
environment?
a
Political agencies
b
Trade union
c
Competition
d
Human Resource Department
5. Value chain analysis is the process of:
a
comparing present and future costs
b
assessing the cost /benefits and risks
c
evaluating data sources
d
determining the cost associated with organizational
activities