Which is not a generic strategy that can be implemented in any industry in order to gain competitive advantage?

a.Differentiation

b.Market monopoly

c.Focus

d.Cost leadership

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Which of the following correctly identifies possible opportunities in a SWOT analysis?

a.A strong internal economic analysis team

b.Favorable government regulations and export opportunities

c.A zero-defect manufacturing month

d.A strong ethical compliance program

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True or False: SWOT analysis will not work when diverse groups within an organization provide realistic data points rather than prescribed messaging. Select one:

a.True

b.False

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In the Five Forces model, when will profits be low?

a.When there are low switching costs

b.When the industry is hard to enter

c.When buyers are weak

d.When suppliers are weak

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When focusing on stakeholder engagements, which of the following statements is not true?

a.Stakeholder engagements involve listening and collaborating with various stakeholders

b.Stakeholder engagements help organizations to proactively consider the needs and desires of anyone who has stake in their organization

c.Considerations when developing an inclusive engagement plan with stakeholders must not include intercultural differences in communication styles

d.Stakeholder groups will change and evolve along with the organization

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Which general approach to strategic management is based on economic theory?

a.Communal

b.Sociological

c.Industrial Organizational

d.Venetian

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True or False: Porter's Five Forces is considered to be microanalytical tool in business. Select one:

a.True

b.False

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Which is a modelling tool that will help us to better identify the products that are likely to benefit the most from increased investments?

a.Value Chain Analysis

b.BCG Matrix

c.SWOT Analysis

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Which of the following statements is false, when discussing about Porter's Five Forces model?

a.Porter's Five Forces is considered to be microanalytical tool in business.

b.Porter's Five Forces are used to guide 'business' strategies to increase competitive advantage.

c.Threat of new entrants can force current players to keep prices down and spend more to retain customers.

d.As Porter's Five Forces Model is a backward-looking tool, its findings are mostly relevant only in the short-term.

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Which of the following is NOT one of the three hierarchical levels of strategy?

a.Profit

b.Corporate

c.Business unit

d.Functional

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A modelling tool that will help us to better identify the products which are likely to benefit the most from increased investments. Select one:

a.Value Chain Analysis

b.BCG Matrix

c.SWOT Analysis

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When is buyer power the highest?

a.Switching cost is high from one provider to another

b.Products can be easily differentiated and do not represent a significant cost for the buyer

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According to the Five Forces model, in which scenario will profits be high?

a.There are low switching costs

b.The industry has high levels of rivalry

c.Buyers are strong

d.Suppliers are weak

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Which is the stakeholder group with whom only one-way communication of essential information will be most sufficient?

a.Low interest and high influence

b.High interest and high influence

c.Low interest and low influence

d.High interest and low influence

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Which is NOT an example of a possible threat in a SWOT analysis?

a.Shifting exchange rates

b.Shifting consumer expectations

c.Shifting demographics

d.Shifting internal corporate culture