1. In strategic management, the primary value of SWOT is that it enables a firm to
a) readjust budget priorities under varied economic scenarios
B) assess the current and potential "fit" of the firm's internal resources with its external environment
C) assess the net effects of strengths over weaknesses and opportunities over threats
D) develop sources of competitive intelligence
2. Setting reasonably attainable objectives and providing training and support would be the best management approach to an employee who
a) has high intraversion
B) has low self-efficacy
C) has high neuroticism
D) is not open to change
3. In terms of Porter's strategy model, which of the following makes an industry more attractive?
A) differentiation
B) low barriers to entry
C) high customer power
D) low supplier power