Scribd
Upload
24 views4 pages

Business Environment Assignment 2

Uploaded by

ammanphukan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
24 views4 pages

Business Environment Assignment 2

Uploaded by

ammanphukan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Name - Amman Phukan

Date of Submission - 06.01.2023

Course: - MCOM

Subject: - Business Environment

Assignment 1

Total Marks = 10

Instructions:

1. All questions are compulsory.


2. Make suitable assumptions wherever necessary.

Questions

1. Which of the following is not an objective of Strategy? (0.5 marks)

a) Helps in achieving competitive advantage.


b) Gives direction on the use of resources.
c) Helps in meeting shareholders expectations.
d) Gives a forecast on how the company performed in the year.

2. Which of the following is an example of corporate strategy? (0.5 marks)

a) Apple trying to take a decision whether to join the automobile industry.


b) Parle figuring out the best suitable market for their business
c) Reliance come up with a strategy to use billboards to advertise their product.
d) Samsung analysing if they should sell their phones in middle east.

3. Which of the following is not a part of Strategic position analysis? (0.5 marks)

a) External environment analysis


b) Strategic capability analysis
c) Stakeholder analysis
d) Monitoring of results

4. What does the JSW model State? (0.5 marks)

a) Three stages to the strategic planning process should be in a linear way.


b) Three stages to the strategic planning process should not be in a linear way.
c) Three stages to the strategic planning process should not be interlinked at all.
d) Order of the three stages to the strategic planning process cannot be changed.

5. Which of the following statements is correct with regards to analysis of business


environment? (0.5 marks)

a) Business is only affected by its micro environment


b) Business is only affected by its macro environment
c) Business is only affected by both micro environment and macro environment.
d) Business is not at all affected by its micro environment and macro environment

6. Which of the following is non included in the social element? (0.5 marks)

a) Social mobility
b) income distribution
c) population demographics
d) Taxation policy

7. Which of the following is included in the economic element? (0.5 marks)

a) Interest rates
b) Competition
c) Lifestyle
d) Regulations

8. Which of the following is not a function of political elements? (0.5 marks)

a) Support is given by the government for the development of dairy sector.


b) Restrictions on export of milk powder suggesting a shortage of supply in the domestic market.
c) Reduction in import duties of milk resulting in the entrance of foreign competitors.
d) Development of cold storage facilities increasing the shelf life of products.

9. Which of the following is the bargaining power of customers dependent on? (0.5
marks)

a) Importance of the product to the ultimate customer


b) Level of differentiation or uniqueness
c) Extent of uniqueness
d) Access to perfect information

10. Which of the following is the competition/ rivalry not dependent on? (0.5 marks)

a) Barriers to exit
b) Market growth rate
c) Lifecycle stage of industry
d) Extent of suitability

11. India has the availability of raw materials and cheap labour required for manufacturing
industries.

Which of the following determinants of national competitive advantage suits the statement
above? (0.5 marks)

a) Factor Conditions
b) Demand condition
c) Related and supporting industries
d) Firm strategy, structure and rivalry
12. India’s huge population itself is a great source of demand for manufactured goods.

Which of the following determinants of national competitive advantage suits the statement
above? (0.5 marks)

e) Factor Conditions
f) Demand condition
g) Related and supporting industries
h) Firm strategy, structure and rivalry

13. Stakeholders who have high power and high interest

Which of the following defines the type of stakeholder mentioned above? (0.5 marks)

a) Key Players
b) Keep Satisfied
c) Keep informed
d) Minimal effort

14. Which of the following is a part of key players? (0.5 marks)

a) These stakeholders can stop any strategy in its tracks


b) They may be unwilling to take action because of professional or ethical reasons.
c) They can’t do much about it themselves, but they might be able to influence key players to
take action on their behalf
d) Management can almost ignore these people

15. Which of the following statements is not a part of the value networks? (0.5 marks)

a) Assess the implications of strategic drift.


b) Evaluate the external key drivers of change likely to affect the structure of a sector or market.
c) Assess scenarios reflecting different assumptions about the future environment of an
organisation
d) Asses the competitors in the field

16. Which of the following is not a part of Analysis of micro-environment: Porters-five


forces? (0.5 marks)

a) Bargaining power of customers


b) Threat of substitutes
c) Threat of new entrants
d) Threat of economic conditions

17. Which of the following is not a part of national competitive advantage: Porter’s
diamond? (0.5 marks)

a) Factor conditions
b) Demand conditions
c) Related industries
d) Firm strategy, structure, ownership

18. Which of the following is not a part of Pestel Model? (0.5 marks)

a) Political
b) Legal
c) Economic
d) Competitive

19. Which of the following is not a level of Strategy? (0.5 marks)

a) Corporate
b) Business
c) Functional
d) Political

20. Which of the following statements is true? (0.5 marks)

a) The PESTEL framework may be used to explore the macro-environmental influences that
might affect an organisation.
b) The PESTEL framework may not be used to explore the macro-environmental influences that
might affect an organisation.
c) The PESTEL framework may be used to explore the micro-environmental influences only that
might affect an organisation.
d) The PESTEL framework may be used to explore the Competitive influences that might affect
an organisation.

You might also like