Example of sociocultural segment of general environment

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1. Michael Porter’s five-forces model does not include

Bargaining power of suppliers.

Competitive Rivalry.

Stock Market Fluctuations.

Threat of Substitutes.

2. Which of the following is not an example of the sociocultural segment of the general environment?

People are getting health conscious

Minimum wages are rising

More people are telecommuting

More women work, so more families eat out

A global strategy for a company would include

3. Products tailored to local tastes and needs, with local sourcing.

A standardized product available without any local responsiveness.

Patents and copyrights that are designed to promote maximum innovation.

All of the above.

4. A defining attribute of a core competence is that it is

Ethical and sustainable

In-house and can be outsourced

A source of globalization

Rare and valuable

5. What is a good example of inbound logistics in a value chain?

Coordinating the receipt of raw materials

Material handling and warehousing

Inventory control

All of the above

6. Which of these business leaders is still the CEO of their company?

Bill Gates/Microsoft.

Jack Welch/GE.

Warren Buffet/Berkshire Hathaway.

Bernie Ebbers/Worldcom

Reference no: EM132300705

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