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need just the answers for 3 through 6 3. What is step five in the strategy making process? a. Analyze the organizations external competitive environment

need just the answers for 3 through 6 image text in transcribed
3. What is step five in the strategy making process? a. Analyze the organizations external competitive environment to identify opportunities and threats b. Select the corporate mission and goals c. Implement strategies d. Select strategies that build on an organizations internal operating environment to identify the organizations strengths and weaknesses 4. All but one of the following is the purpose of why a company does a mission statement: a. Reason for existence b. Desired future state c. Statement of key employees d. Statement of major goals 5. When there is no market segmentation, the product is: a. Targeted at the average customer b. Different and is offered to each segment c. Offered only to a few select d. None of the above 6. Which of the following market segmentation approach deals with product being offered to one or only a few market segments? a. No Market Segmentation b. High Market Segmentation c. Focused Market Segmentation d. None of the above 7. To develop a successful business model, managers must devise a set of strategies to determine a. How to differentiate and price their product

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