A Situation Analysis Requires a Firm to Consider the External

question 321

Multiple Choice

A situation analysis requires a firm to consider the external forces and trends that affect it.Some of these may be favorable to the organization while others may be unfavorable.Which of the following is an example of an external force?

• A)The firm buys its own fleet of trucks,so it no longer needs to hire a trucking company for distribution.
• B)A hiring freeze is put into place.Although no one is fired,no one can be hired.
• C)A goal is set to close the gap between production costs and profits.
• D)A city government bans cigarette smoking inside all restaurants and bars in the city limits.
• E)Shareholders are rewarded with a sizable dividend check.

Understand how economic theories apply to consumer choices and market outcomes.

Understand Porter's concept of generic competitive strategies.

Identify and apply competitive strategies to real-world organizational or market scenarios.

Comprehend the key roles and responsibilities of strategic leadership.

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Definitions:

Lacteals

Specialized lymphatic capillaries located in the villi of the small intestine, which absorb dietary fats and transport them to the circulatory system.

Lipids

A group of naturally occurring molecules including fats, waxes, and vitamins, essential for energy storage and cell structure.

Digestive Tract

The series of organs in the digestive system through which food passes, nutrients are absorbed, and waste is eliminated; starting from the mouth and ending at the anus.

Fluid Balance

The maintenance of the correct volume and concentration of body fluids via mechanisms that regulate fluid intake and excretion.