INTERNAL FACTOR EVALUATION ANALYSIS
Quiz by Harold N. Noga
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18 questions
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- Q1Which of the following statement is true?IFE Matrix is a strategy-formulation tool that can be used to evaluate company's external and internal performance.IFE Matrix is a strategy-formulation tool while EFE matrix is strategy implementation tool that can be utilized to evaluate company's external and internal performance.IFE Matrix is a strategy-formulation tool that can be used to evaluate company's performance in terms of identified strengths and weaknesses.Internal Factor Evaluation matrix or short IFE matrix is similar to Competitive Profile matrix.120s
- Q2Strong management team, loyal employees and choice of proximity to the raw materials are examples of __________________________ that companies need to capitalize on.opportunitiesstrengthsweaknessesthreats60s
- Q3The IFE matrix is use to:identify the strengths and weaknesses of a company.identifies the response that the company does to the external issues facing them.identify the opportunities and threats that affects the companyidentify the external forces that affects the company.60s
- Q4In IFE matrix, ratings assigned are company based.TrueFalse45s
- Q5In an IFE Matrix, the weight range is from __________ and the ratings range from _________.0 to 3.0; 1.0 to 2.00 to 4.0; 0.0 to 1.00 to 1.0; 0.0 to 4.00 to 1.0; 1.0 to 4.060s
- Q6In IFE where a 1-4 rating scale is often used, which of the following statement is correct?4 means that has an overall major strength in its response to the SW indicators.3 means that the company's overall response is minor weakness.1 means poor response4 means that the company's overall response is superior60s
- Q7In IFE matrix weight column, the sum of all weights should be equals to 1.00TrueFalse45s
- Q8In an IFE matrix context which of the following statements is correct?Saturated marketed and lack of access to international markets are firm's threats that can be given attention through CPM.Saturated marketed and lack of access to international markets are firm's weaknesses that need to be given response.Saturated marketed and lack of access to international markets are firm's threats that can be given attention through IFE.Saturated markets can be a strength to a firm.60s
- Q9Weights times ratings equal weighted score.TrueFalse30s
- Q10IFE Matrix evaluates the internal position of the organization or its strategic intent.TrueFalse45s
- Q11Total weighted scores well below 2.5 point to internally weak business. Scores significantly above 2.5 indicate a strong internal position.TrueFalse45s
- Q12Weights times ratings equal total weighted score.FalseTrue30s
- Q13IFE Matrix evaluates the external position of the organization or its strategic intent.FalseTrue45s
- Q14Which among the factors is not a strength of a rice logistics firm?increasing management stabilitymodern online portal for logisticsincreasing demand of rice imports among ASEANfast and reliable delivery system60s
- Q15In IFE, final value of 4.5 total weighted score would indicate a superior response and that the company is generally strong internally.FalseTrue60s