strategic management

1.Which of the following does NOT usually function as an entry barrier? Economies of scale High strategic stakes Product differentiation Switching costs 2.A challenge in conducting an external analysis is that: brand loyalty is low. markets may be concentrated. markets may be fragmented. forecasts aren’t facts 3. A long-term contract is usually an agreement between: two organizations in the same industry. an organization and its suppliers. two organizations in unrelated industries. a domestic and international organization. 4.The product-market evolution matrix is based on the: industry analysis. product life cycle. internal strengths and weaknesses. opportunities and threats. 5.An organization’s __________ are its goal-directed plans and actions in which its capabilities and resources are matched with the opportunities and threats in its environment. mission statements vision statements strategies objectives 6.Characteristics of dynamic capabilities include all of the following EXCEPT: timely responsiveness. reactive responsiveness. rapid and flexible product innovation. coordinating and deploying organizational resources and capabilities. 7.__________ is an arrangement in which a foreign firm buys the rights to manufacture and market a company’s product in that country for a negotiated fee.