Balanced scorecard consists of which four overall metrics

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Reference no: EM131433157

1- If the company Apple began prototyping a driver-less car, which of Porters Five Forces is present to the automotive industry?

A- Bargaining power of customers

B- Degree of competitive rivalry

C- None of these are correct

D- Threat of new entrants to a market

E- Bargaining power of suppliers

2- The Balanced Scorecard consists of which four overall metrics?

A- The Customer, Internal Business Processes, Contribution Margin, and Emergency Loans

B- Financial, Sales, Stock Price, and Internal Business Processes

C- Financial, The Customer, Learning & Growth, and Internal Business Processes

D- None of these are correct.

E- Sales, Profit, Learning & Growth, and Stock Price

3- Strategic efforts are often determined between two overall focuses: Cost Leadership and Differentiation:

-False

-True

4- Which best describes a company vision and mission?

A- A company vision is descriptive of its current values and beliefs, a company mission is aspirational and long-term.

B- A company vision is a precise and specific plan for the future, a company mission is descriptive of its current values and beliefs.

C- None of these are correct.

D- A company vision is aspirational and long-term, a company mission is descriptive of its current values and beliefs.

5- Operational effectiveness means performing different or similar activities from your competitors in different ways. Strategic positioning means performing similar activities better than your rivals.

-False

-True

6- A way companies gain competitive advantage through differentiating their products is:

A- Easy accessibility to customers

B- High awareness

C- New products offered regularly

D- All of these are correct

E- Excellent designs

7- In a SWOT analysis, Opportunities and Threats are external factors.

-False

-True

8- SMART goals are:

A- None of these are correct.

B- Specific, Major, Attainable, Reliable, and Time-bound

C- Specific, Measurable, Attainable, Relevant, and Time-bound

D- Special, Major, Attainable, Reliable, and Time-bound

9- A customer deciding to rent a movie from home instead of going to the movie theater illustrates which of Porters Five Forces:

A- Degree of competitive rivalry

B- Threat of new entrants to a market

C- Bargaining power of customers

D- Threat of substitute products

E- Bargaining power of suppliers

10- Which is true of a SWOT analysis?

A- Strengths refer to external factors

B- None of these are correct

C- Strengths and Opportunities are essentially the same

D- Strengths are not part of a SWOT analysis

E- Strengths refer to internal factors

Reference no: EM131433157

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