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Chapters 1-4

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Question
Answer
show what is our business?  
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According to the text, what percent of companies used a mission statement sometime in the previous five years   show
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According to the text, business week reportsthat firms using mission statements have a ____% higher return on certain financial measures than those without such statements   show
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show Exxon/Mobil focuses on oil and gas rather than energy  
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Identifying and evaluating key social, political, economic, tech, and competitive trends and events comprise   show
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To perform an external audit, a company must   show
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In general, what happens to american goods in overseas markets when there is a strong dollar   show
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show Europe  
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show competitive intelligence  
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show more important than  
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show the number and significance of markets that a firm competes in with rivals  
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Intensity of competitions ________ in lower-return industries   show
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WHenever many new firms can easily enter a particular industry, the intensity of competition among firms tends to   show
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Who should perform an internal audit   show
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show financial ratio analysis  
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show all of the above  
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show Functional  
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show customer profiling  
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show Strategic managmenet  
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Which statement best describes intuition   show
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 What step in the strategic development process involves mobilizing employees and managers to put strategies into action?   show
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Which is generally considered to be the first step in strategic planning   show
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Specific results and org seeks to achieve in pursuing is basic mission are   show
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show is a continuous process  
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What is not a pitfall an org should avoid in strategic planning   show
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principles of conduct that guide decision-making are known as   show
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Which of these basic questions should a vision statement answer   show
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What is the first step in the comprehensive strategic management model   show
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show an annual financial plan  
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 In the process of developing a mission statement, it is important to involve   show
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All stakeholders   show
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When an industry relies heavily on gov contracts, which forecasts can be the most important part of an external audit?   show
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show strategy formulation  
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show is highest  
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Waht is usually the most important of teh five competitive forces   show
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show high  
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show analyzing financial ratios  
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which of the following industry forces is not one of Porter's five forces   show
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Created by: hopekn