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Chapter 02: The External Environment: Opportunities, Threats, Industry Competition, and Competitor
Analysis
True / False
1. The external environment facing business stays relatively constant over time.
a. True
b. Fals
e
ANSWER: Fals
e
2. Demographic, economic, political/legal, sociocultural, technological, global, and sustainable physical are the seven
elements comprising the general environment.
a. True
b. Fals
e
ANSWER: True
3. Firms can directly control the elements of the seven segments of the general environment.
a. True
b. Fals
e
ANSWER: Fals
e
4. The bankruptcy filings by major corporations during the Great Recession illustrate that firms cannot directly control the
general environment's segments.
a. True
b. Fals
e
ANSWER: True
5. The industry environment directly influences a firm and its competitive actions and responses.
a. True
b. Fals
e
ANSWER: True
6. Competitor analysis is focused on the factors and conditions influencing an industry's profitability potential.
a. True
b. Fals
e
ANSWER: Fals
e
7. When firms analyze the external environment, they typically have complete and unambiguous data.
a. True
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15 Which economics analyzes all level of employment in the economy Select one: a. None b. Financial economics c. Microeconomics d. Industrial Economics
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the restaurants we need to right here which economics analyzes our levels of employment in the economy swan series. If I write for this, so the answer is macroeconomics for that microeconomics. If I right here for this macro economics is the study we need to raise. This is the study of the countries of a country's or the lesions reasons overall economic behavior, poor oral economic behavior, which includes poverty, unemployment, anything. So basically which economics analyzes our level of employment in the economy. So answer is none. Because answer is macroeconomics, so hence we can right here. Hence macroeconomics. Economics fight ID here macro economics and analyzes analyzes our level of all levels of employment employment in the economy in the economy. So basically answer is option number E, which is none. So basically, if I write for this, this whole this statement, so let's say this, this, this none is going to be our final answer in this case. Thank you.