Read and analyze the following questions. Choose the letter of the correct answer. Write your answer on aseparate sheet of paper.1. Which of the following is a tool a company's understanding of its position relative to other companies thatproduce similar products or services?a. Environmental Analysisb. Industry Analysisc. SWOT Analysisd. Porter's Five Forces of Competitive Position Analysis2. Which of the following refers to the acronym of SWOT analysis?a. Strengths, Weaknesses, Opportunities, Threatsb. Strengths, Worsts, Opportunities, ThreatsStrengths. Weaknesses, Oligopoly, Threatsd. Strengths, Weaknesses, Opportunities, Treats3. Which of the following is the study of technological factor, political factors, global factor?a. Environmental Analysisb. Industry Analysisc. SWOT Analysisd. Porter's Five Forces of Competitive Position Analysis4. What involves specifying the objective of the business venture or project and identifying internal and externalfactors that are favorable and unfavorable to achieve that objective?a. Environmental Analysisb. Industry Analysisc. SWOT Analysisd. Porter's Five Forces of Competitive Position Analysis5. Who develops the Porter's Five Forces of Competitive Position Analysis?a Abraham Maslow b. Alfred Marshall c. Michael Porter d. Robert Grant

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1. Which of the following is a tool a company's understanding of its position relative to other companies that produce similar products or services? a. Environmental Analysis b. Industry Analysis c. SWOT Analysis d. Porter's Five Forces of Competitive Position Analysis |

1. Which of the following is a tool a company's understanding of its position relative to other companies that produce similar products or services? a. Environmental Analysis b. Industry Analysis c. SWOT Analysis d. Porter's Five Forces of Competitive Position Analysis |

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter9: Price Takers And The Competitive Process

Section: Chapter Questions

Problem 15CQ

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