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InstructionsAnswer the following questions and then press 'Submit' to get your score. Question 1What is the term for the action in which managers at an organisation analyse the current situation of their organisation and then develop plans to accomplish its mission and achieve its goals? a) Synergy planning b) Strategy formulation c) Functional planning d) SWOT analysis Question 2In the 'five forces model', what is the type of competitive activity that exists between organisations? a) The potential for entry into the industry b) The threat of substitute products c) The power of customers d) The level of rivalry Question 3Profitability stemming from how well a firm positions itself in the market is a key feature of which writer's view on strategy? a) Peter Drucker b) Jay Barney c) Michael Porter d) Henry Mintzberg Question 4What does PEST stand for? a) Political, environmental, strategic, testing b) Political, environmental, strategic, technological c) Political, economic, strategic, technological d) Political, economic, social, technological Question 5Which one is not an element in the primary activities of a value chain? a) Procurement b) Inbound logistics c) Outbound logistics d) Service Question 6What is the term used in Ansoff's matrix for increasing market share with existing products in existing markets? a) Product development b) Market penetration c) Diversification d) Market development Question 7Vertical integration forwards is when a firm mergers or acquires another a) Towards the source of supply b) Towards the consumer c) At the same stage of the supply chain d) In another industry Question 8When does an acquisition take place? a) Two equal partners decide to work together. b) Two equal partners share resources. c) Two unequal partners join together. d) Two unequal partners become one after a buyout. Question 9Of what is advertising a form? a) Focusing strategy b) Differentiation c) Cost leadership d) Growth Question 10What is the term for the extent to which competition in one country is influenced by competition in other countries? a) International trade b) Global economics c) Global competition d) Globalisation Which of the following can be considered a primary activity?Activities like mining, farming, hunting, lumbering, and forestry are all parts of the primary sector.
Which of the following are considered to be primary activities in a value chain analysis as outlined by Porter?Porter's value chain involves five primary activities: inbound logistics, operations, outbound logistics, marketing and sales, and service. Support activities are illustrated in a vertical column over all of the primary activities. These are procurement, human resources, technology development, and firm infrastructure.
Which of the following is a primary activity in a value chain group of answer choices Technology development Human Resource Management operations Quality Control?The correct answer is C) marketing and sales. The goal of primary activities is to add value to the product directly.
What is the first primary activity in value chain analysis?Identify Value Chain Activities
The first step in conducting a value chain analysis is to understand all of the primary and secondary activities that go into your product or service's creation. If your company sells multiple products or services, it's important to perform this process for each one.
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Which of the following can be considered a primary activity in the value chain process
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