Read the summary and the most important questions on Strategic Management: Concepts and Cases: Competitiveness and Globalization | 9780357033838 | Michael A. Hitt; R. Duane Ireland; Robert E. Hoskisson

• 2 External environment: O, T and Industry competitors

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• 46. Aardvark Corp. has three products. Two products together make up two-thirds of revenues and constitute 50 percent of company profits. Aardvark's third product makes up one-third of sales. With profitability far above the industry average, this product is responsible for one-half of Aardvark's profits. Which of the following statements regarding assessment of the general environment is accurate for Aardvark?

  The company should monitor the general environment for changes that might affect the revenue and profitability of all products.

• A general environmental analyisis can produce

  recognition of environmental trends.
  identification of organizational opportunities.
  identification of organizational threats.

• Factors examined during demographic analysis

  Age structure 
  ethnic mix
  distribution of income
  population size 
  geographic distribution

• 54. An analysis of income distribution would include :

  the purchasing power of various age groups.
  the discretionary income of various ethnic groups.
  
  how income is distributed among regions of the United States.

• 55. Demographic changes include variations in income distribution. Which of the following statements is true?

  The general loss in real income has been somewhat offset by the increase in dual-career couples.
  
  

• An analysis of the economic segment of the external environment would include 

  interest rates.
  trade deficits or surpluses.
  inflation rates
  personal saving rate
  business saving rate 
  budget deficit and surpluses 
  GDP

• 58. the following would be identified in an analysis of the economic portion of the general environment

  The willingness of Chrysler's buyers to purchase large vehicles in light of an increase in oil prices
  The ability of BMW's buyers to finance car purchases in light of a change in interest rates
  The willingness of GM buyers to purchase new vehicles in light of the threat of recession

• 59. The political/legal segment of an environment represents:

  how organizations and governments mutually try to influence each other.

• 60. All of the following are aspects of the political/legal segment of the general environment:

  antitrust laws.
  taxation laws.
  deregulation philosophies.
  labor training laws user-select
  educational philosophies

• Factors of the socialcultural segment

  -attitudes and values of the societyuser-select
  -Women In the workforceWorkforce diversity
  -Attitudes about the quality of work life
  -Shifts in work and career preferences
  -Shifts in preferences regarding product and service characteristics user-select