1. The major problem with forecasts and trend analyses is Select one:
A. the information is difficult to compile with the latest technology. B. the information constitutes predictions of the future, not actual facts. C. the information is built using historical trends. D. consumers do not benefit from technological trends predicted.
2. When organizations consider whether there are upcoming price increases in the products purchased by the industry, this issue refers to the ________ of the Porter five forces model.
A. bargaining power of buyers B. threat of potential entrants C. threat of substitute products D. bargaining power of suppliers
3. As an open system, an organization ________ and ________ its external environment. Select one:
A. reacts to; controls B. interacts with; responds to C. interacts with; controls D. reacts to; responds to
4. When an organization considers whether it has the ability and resources itself to manufacture the products it is purchasing from the industry, this issue refers to the ________ of the Porter five forces model. Select one:
A. bargaining power of buyers B. threat of potential entrants C. threat of substitute products D. bargaining power of suppliers.