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7. Which approach asserts that the mix, type, amount, and nature of a firm's internal resources should be considered first and foremost in devising strategies that can lead to sustainable competitive advantage? A. SWOT approach B. SLEPT approach C. Resource Based View D. Industrial Organizational 8. In analysing a company's strength and weaknesses, which of the following is NOT taken into consideration? A. Sales and Marketing B. Human Resources C. Research and Development D. The external environment 9. The is used to summarize and evaluate economic, social, cultural, technological and competitive information. A. External factor evaluation matrix B. Internal factor evaluation matrix C. Competitive profile matrix D. Grand strategy matrix 10. The following are components of the Mission Statement EXCEPT: A. Technology B. Market C. Customers D. Competitors

7. Which approach asserts that the mix, type, amount, and nature of a firm's internal resources should be considered first and foremost in devising strategies that can lead to sustainable competitive advantage? A. SWOT approach B. SLEPT approach C. Resource Based View D. Industrial Organizational 8. In analysing a company's strength and weaknesses, which of the following is NOT taken into consideration? A. Sales and Marketing B. Human Resources C. Research and Development D. The external environment 9. The is used to summarize and evaluate economic, social, cultural, technological and competitive information. A. External factor evaluation matrix B. Internal factor evaluation matrix C. Competitive profile matrix D. Grand strategy matrix 10. The following are components of the Mission Statement EXCEPT: A. Technology B. Market C. Customers D. Competitors

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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7. Which approach asserts that the mix, type, amount, and nature of a firm's internal resources should be considered first and foremost in devising strategies that can lead to sustainable competitive advantage? A. SWOT approach B. SLEPT approach C. Resource Based View D. Industrial Organizational 8. In analysing a company's strength and weaknesses, which of the following is NOT taken into consideration? A. Sales and Marketing B. Human Resources C. Research and Development D. The external environment 9. The is used to summarize and evaluate economic, social, cultural, technological and competitive information. A. External factor evaluation matrix B. Internal factor evaluation matrix C. Competitive profile matrix D. Grand strategy matrix 10. The following are components of the Mission Statement EXCEPT: A. Technology B. Market C. Customers D. Competitors
Transcribed Image Text:7. Which approach asserts that the mix, type, amount, and nature of a firm's internal resources should be considered first and foremost in devising strategies that can lead to sustainable competitive advantage? A. SWOT approach B. SLEPT approach C. Resource Based View D. Industrial Organizational 8. In analysing a company's strength and weaknesses, which of the following is NOT taken into consideration? A. Sales and Marketing B. Human Resources C. Research and Development D. The external environment 9. The is used to summarize and evaluate economic, social, cultural, technological and competitive information. A. External factor evaluation matrix B. Internal factor evaluation matrix C. Competitive profile matrix D. Grand strategy matrix 10. The following are components of the Mission Statement EXCEPT: A. Technology B. Market C. Customers D. Competitors
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