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MGMT 310 Exam 1 questions with complete solutions
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MGMT 310 Exam 1 questions with complete solutions
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MGMT 310 Exam 1They are affected by and in turn affect their external environments - correct answer ✔✔Why are
organizations referred to as open systems?
Intermediate - correct answer ✔✔Gerard's company buys appliances from manufacturers and sells them
to retailers. What type of consumer is Gerard's company?
Competitive intelligence - correct answer ✔✔A new director of marketing was hired to manage a food
service company. He had previously been in the auto parts industry, so he had a lot of questions, like:
Who are our current competitors? How dependent are we on our suppliers? Who are our biggest
customers and are we too dependent on them? These questions helped the director develop?
Dynamism - correct answer ✔✔Technology companies must stay on top of consumer demands for the
latest features in their products. This introduces environmental uncertainty due to?
Forecasting - correct answer ✔✔Natalie's company is in a high growth industry, so her CEO asked her to
research friends in the industry to predict what will happen in the next 5 years. She warned him that this
information may not be accurate due to rapid changes in the market. This is called.
It is an independent response to exploit a distinctive competence for competitive advantage. - correct
answer ✔✔Why i1s111111111 competitive aggression, such as Tesla's drive to become the safest car
factory in the world, considered to be an independent strategy to influence the organizations
environment?
Cooperative strategies - correct answer ✔✔_________ are used by two or more organizations working
together to influence the external environment.
Contracts - correct answer ✔✔_________ are agreements between an organization and another group
to exchange goods, services, information, and patents.
, public relations - correct answer ✔✔Which term is an independent strategy of an organization to
establish and maintain favorable images in the minds of people in the environment?
Buffering - correct answer ✔✔Margerie was worried they would not have enough inventory to get
through the busy season. Her manager suggested she use _______ to make sure she has enough product
to meet u unpredictable needs.
Adhocracy - correct answer ✔✔Which organizational culture emphasizes growth, change, and
innovation.1
Mentors and facilitators - correct answer ✔✔which leadership style is associated with a clan culture?
Low customer bargaining power - correct answer ✔✔"After we got fantastic media coverage for
designing the downtown stadium, developers from around the country have been calling for our
services,'' said Melissa Murphy, VP of marketing for Sports architecture. "Well then we can afford to be
choosy," said Rashid Patel, CEO. ''Lets only consider projects that reflect our creative urges and our
mission statement, and that we are well-funded.'' Sports architecture is in an attractive environment due
to?
Favorable government policy - correct answer ✔✔Which factor makes an environment attractive for new
entrants?
Market Culture - correct answer ✔✔"As a fortune 500 firm and a well-established top-tier, we operate in
a challenging global environment. As a result , our culture is very externally oriented and focused on
control. Our primary objectives are productivity planning and efficiency." said Lana Hopper, chief
operating officer. This is an example of a(n).
Moral principles - correct answer ✔✔Ethics are the _______ that guide the behavior of an individual or
group.
Values - correct answer ✔✔Caring, being honest, showing loyalty, being fir, and acting with integrity are
all examples of?
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