The model that helps managers focus on the most important competitive forces in the external environment is ___.Multiple choice question.the five forces modelthe competitive modelthe SWOT analysisthe global scope model

The five forces model identifies the factors as major threats because they affect ______.Multiple choice question.organizational diversity will determine whether or not a company should enter the industryhow often employees will be injuredhow much profit competitors within the same industry can expect to earnglobal forces impact on recruiting

Which framework can companies use to assess whether their internal resources are superior to those of competitors in the targeted area?Multiple choice question.Porter's five forcesVRIO frameworkVertical integration frameworkPESTEL framework

Which of the following is not one of the questions that must be answered in thinking strategically about a company’s external environment?Multiple ChoiceWhat kinds of competitive forces are industry members facing, and how strong is each force?What market positions do industry rivals occupy—who is strongly or weakly positioned, and who is not?What are the strategically relevant factors in the company’s macro-environment?What are the company’s competitively valuable resources and capabilities that can be used to form the foundation of its competitive approach?What forces are driving changes in the industry, and what impact will these changes have on competitive intensity and industry profitability?

Porter's Five Forces ModelWhat is the significance of Porter’s five forces model in a business?It helps to identify the external macro-environment of a business.It helps to analyse the competitive forces and the attractiveness of an industry.It helps to identify the internal strengths or weaknesses of a new business venture.

As ______ evolves, new industries, markets, and competitive niches develop.Multiple choice question.supply chain managementtechnologythe external environmentthe internal environment