Barriers to Entry and Learning Objective Essay

Words: 3440
Pages: 14

Chapter 04

The External Environment

Multiple Choice Questions

1. (p. 81) The external environment can be divided into various subcategories:
A. Remote, political, social
B. Remote, social, operational
C. Remote, industry, operating
D. Technological and social

Difficulty: Easy
Learning Objective: 1

2. (p. 81) A firm's external environment includes a remote sector, industry sector and an operating sector. The remote sector includes which of the following categories?
A. Political, technological, economic and social
B. Political, supplier power, economic and labor
C. State government, production, social and economic
D. Mission, company profile and competition

Difficulty: Easy
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Barriers to entry
D. Eco-efficiency

Difficulty: Easy
Learning Objective: 3

22. (p. 88) One of the most important steps a firm can take in achieving a competitive position with regard to the eco-efficiency strategy is to
A. Outsource the operations to a developing country
B. Fully capitalize on technological developments
C. Shift from service to manufacturing operations
D. Mandate that all suppliers, distributors and customers reduce their resource consumption

Difficulty: Hard
Learning Objective: 3

23. (p. 89) Which of these represent a key characteristic of eco-efficient corporations?
A. Eco-efficient firms are reactive
B. Eco-efficiency is added on
C. Flexibility is imperative for eco-efficient strategy implementation
D. Eco-efficiency is insular

Difficulty: Medium
Learning Objective: 3

24. (p. 88) All of these are key characteristics of eco-efficient corporations EXCEPT
A. Eco-efficiency is insular
B. Eco-efficient firms are proactive
C. Eco-efficiency is designed in
D. Flexibility is imperative for eco-efficient strategy implementation

Difficulty: Medium
Learning Objective: 3

25. (p. 91) The state of competition is an industry, according to Porter, depends on ______ basic forces.
A. 3
B. 5
C. 8
D. 2

Difficulty: Easy
Learning Objective: 4

26. (p. 92-93) Collectively, competitive forces determine the ultimate:
A. Growth of a firm
B. Survival of a firm