According to I/O theorists, which of the following

contributes least to firm performance?

Internal resources
Economies of scale
Barriers to market entry
Product differentiation

To develop a finite list of _________ that could

benefit a firm and _________ that should be avoided
is the purpose of an external audit.
strengths; weaknesses
opportunities; weaknesses
opportunities; threats
strengths; threats

Which of the following is not a misperception about

business intelligence that prevails among American
executives today?
Running an intelligence program requires lots of people, computers, and other
resources.
Business is not equal to espionage.
Intelligence gathering is an unethical business practice.
Collecting intelligence about competitors violates antitrust laws.

__________ are the results of a low value of the

dollar.
Lower imports and higher exports
Lower imports and lower exports
Higher imports and higher exports
Higher imports and lower exports

replaced in 2003 as the largest exporter to the USA.

Canada; China
Mexico; Canada
Mexico; Great Britain
China; Mexico

The term that refers to the EU's effort to end

competitive tax breaks among member countries is
double taxation.
equity taxation.
tax harmonization.
tax reconciliation.

strategy implementation.
strategy formulation.
strategy management.
strategy evaluation.

All of these, except__________, are part of Porter's

competitive forces in industry analysis.
potential entry of new competitors
bargaining power of suppliers
development of substitute products
bargaining power of unions

In its simplest sense, the international challenge

faced by U.S. business is twofold:
how to increase exports to other countries and how to increase imports from
other countries.
how to defend domestic markets against imported goods while minimizing
exports.
how to maximize exports to other nations and how to defend domestic
markets against imported goods.
how to minimize imports and exports in domestic markets and slow decrease
globalization.

__________ is based on the assumption that the

future will be just like the past.
A delphi forecast
An econometric model
Linear regression
A scenario forecast

Five major categories of external variables are: (1)

economic forces, (2) social and cultural forces, (3)
political, governmental and legal forces, (4)
technological forces and (5) demographic forces.
True
False

Significant and unequal effects on companies in

different industries and in different locations come
from trends in the dollar's value.
True
False

Ten to twenty factors should be included when

developing an EFE Matrix.
True
False

True
False

"Innovate or evaporate" is a characteristic that

describes the most competitive companies in
America.
True
False

Information sharing is the systematic and ethical

process for gathering and analyzing information
about the competition's activities and general
business trends to further a business's own goals.
True
False

Bargaining power of consumers is usually the most

powerful of Porter's five competitive forces.
True
False

Increasing global competition minimizes the need

for political, governmental, and legal forecasts,

given that every company has access to the same

information.
True
False

Poor infrastructure and little respect for legal

contracts are two risks that still restrain firms from
initiating business with China.
True
False

Without assumptions, planning is impossible.

True
False