Str: 581: Ch 3: Evaluating A Company's External Environment 107 Correctly Answered Questions Latest Update

All companies operate in a broad _______-environment that is made up of six components, including political factors and technical factors. {Ans: macro}Intel uses its ___ to give top priority to PC manufacturers that primarily use intel chips. {Ans: market dominance}Which of the following is an example of a sociocultural force that affects companies? {Ans: the trend towards healthier lifestyles}Buyers with strong bargaining power can exert strong ______ pressures and reduce industry profitability by demanding price concessions and additional features. {Ans: competitive}Big apparel retailers like Target and L.L. Bean wield significant ______ when they are buying products from manufacturers. {Ans: bargaining power}Powerful _____ can end up eroding industry profitability by ____ higher prices. {Ans: suppliers; charing}