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MIDTERM EXAM CBM01-MM

Quiz by Harold Noga

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23 questions
Show answers
  • Q1
    In IFE where a 1-4 rating scale is often used, which of the following statement is correct?
    4 means that the company has an overall major strength in its response to the strengths and weaknesses indicators.
    3 means that the company's overall response is minor weakness.
    1 means poor response
    4 means that the company's overall response is superior
    60s
  • Q2
    In Internal Factor Evaluation matrix, ratings assigned are company based.
    False
    True
    45s
  • Q3
    In Internal Factor Evaluation matrix, weight assigned are company based.
    True
    False
    45s
  • Q4
    In IFE matrix total weighted scores well below 2.5 point indicates an internally weak organization. Scores significantly above 2.5 indicate a strong internal position.
    False
    True
    45s
  • Q5
    In IFE matrix total weighted scores that is equal to 2.5 point indicates an average organization.
    True
    False
    45s
  • Q6
    Strong management team, loyal employees and choice of proximity to the raw materials are examples of __________________________ that companies need to capitalize on.
    opportunities
    threats
    strengths
    weaknesses
    60s
  • Q7
    In the conduct of Competitive Profile Matrix analysis the higher weighted rating would mean that a particular Critical Success Factor is critically important to the industry where an organization operates.
    False
    True
    60s
  • Q8
    A response of a company that is rated 1 in a scale of 1-4 would mean that the said company is an industry laggard.
    False
    True
    60s
  • Q9
    The following are the advantages of CPM except:
    It allows you to analyze the relative strengths and weaknesses of your competitors which enable you to create an effective competitive strategy.
    By putting all competitors in a simple one-page matrix it makes it easy to compare the different companies visually.
    It makes you discover possible opportunities and threats that might affect your organization.
    Identifying critical success factors is a crucial component of developing an effective strategy.
    120s
  • Q10
    The Competitive Profile Matrix (CPM) is a strategic analysis that allows you to compare your company to your competitors.
    False
    True
    45s
  • Q11
    Competitive Profile Matrix is a strategic management tool which:
    reveal an organizations' strengths and weaknesses relative to other competitors.
    reveal an organizations' opportunities and threats relative to other competitors. discover existing opportunities
    know your strengths and weaknesses without considering other competitors.
    45s
  • Q12
    After conducting the CPM a manager will be able to do the following except:
    identify possible opportunities to be maximized and threats to be minimized.
    Highlight the relative strengths and weaknesses of both your competitors and your organization.
    Help you articulate your value proposition, as well as highlighting the value proposition of your competitors.
    Inform in strategic decision making.
    60s
  • Q13
    Total weighted score of 2.00 given the following scale 1 = poor response 2 = below average response 3 = above average response and 4 = superior response would mean:
    that the company has slightly strong average response to external factors in the industry.
    that the company has below average response to external factors in the industry.
    that the company has poor response to external factors in the industry.
    that the company has a bit below average response to external factors in the industry.
    120s
  • Q14
    In EFE matrix Weight column is located in
    Column 3
    Column 2
    Column 4 next to rating column 3
    column 1
    60s
  • Q15
    If a particular critical success factor is weighted 0.0 (industry impact) this means that:
    the factor is considered slightly unimportant.
    the factor is considered very important.
    the factor is considered unimportant.
    the factor is considered neutral.
    60s

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