248) What executes business strategy?
A) SWOT analysis
B) Five Forces Model
C) value chain analysis
D) three generic strategies
249) What is a value chain analysis?
A) evaluates an organization’s strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
B) analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
C) views a firm as a series of business processes, each of which adds value to the product or service
D) generic business strategies that are neither organization- nor industry-specific and can be applied to any business, product, or service
250) Which strategy below helps an organization choose its business focus?
A) SWOT analysis
B) Five Forces Model
C) value chain analysis
D) three generic strategies
251) What are Porter’s three generic strategies?
A) evaluate an organization’s strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
B) analyze the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
C) view a firm as a series of business processes, each of which adds value to the product or service.
D) generic business strategies that are neither organization- nor industry-specific and can be applied to any business, product, or service
252) Which of the following describes a stakeholder?
A) a leadership plan that achieves a specific set of goals or objectives
B) a feature of a product or service on which customers place a greater value
C) a person or group that has an interest or concern in an organization
D) information about a competitive environment
253) There are many different stakeholders found in an organization. Stakeholder’s drive business strategies, and depending on the stakeholder’s perspective, the business strategy can change. Which of the following is a main concern for customers?
A) exceptional customer service
B) fair compensation
C) professional associations
D) reliable contracts
254) There are many different stakeholders found in an organization. Stakeholder’s drive business strategies, and depending on the stakeholder’s perspective, the business strategy can change. Which of the following is a main concern for employees?
A) exceptional customer service