Essay about Week 2 Knowledge Check

1054 Words Jan 25th, 2014 5 Pages
Week 2 Knowledge CheckResults
Concepts Strategies for SWOT Analyses Mastery 100% Questions

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Strategic and Operational Plans Differentiate Between Goals and Plans Examples of Contingency Factors in Planning

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Concept: Strategies for SWOT Analyses
Concepts Strategies for SWOT Analyses Mastery 100% Questions

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1.As a process of self-examination during her senior year of college, Casey decides to develop a SWOT analysis of her prospects relative to getting a job. Casey realizes that she has a personal characteristic that suggests she is not comfortable interacting with strangers. She interprets this as a(n) ________ if she is to get a job
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Concept: Strategic and Operational Plans
Concepts Strategic and Operational Plans Mastery 100% Questions

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4.Strategic plans are usually ________. A. B. C. D. short term, directional, and standing short term, specific, and standing long term, directional, and single use long term, specific, and standing

Correct! Strategic plans are often broad and provide a company’s longterm direction. They are directional in that they are typically flexible and outline general guidelines. They are also considered single use because they are developed to meet the needs of a unique situation.

5.Operational plans are usually ________. A. B. C. D. short term, directional, and standing short term, specific, and standing long term, directional, and single use long term, specific, and standing

Correct! Operational plans tend to be more narrow and specific, focusing on goals that provide guidance for activities.

6.When organizations think about entering a market, they may be concerned with how unique their product might be. Which of Porter’s Five Forces would be relevant in this case? A. B. C. D. Threat of new entrants Bargaining power of suppliers Current rivalry Threat of substitutes

Correct! The threat of substitutes calls the question about how likely other products might be substituted for the one you are offering. How unique is your product and can it be easily duplicated or copied?

Concept: Differentiate Between

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