Q1Business risk involves all of the following factors except:Open this question (full page) A. The more stable the demand for a firm’s products, the lower its business risk B. Firms whose input costs are highly uncertain are exposed to a low degree of business risk C. The faster a firm’s products become antiquated, the greater a firm’s business risk D. The greater the ability to adjust output prices reflect cost conditions, the lower the degree of business risk.
Q2Analyzing the business environment best assists in:Open this question (full page) A. Identifying key competitive forces; identifying competitive position; identifying key opportunities, threats, strengths and weaknesses. B. Auditing micro environmental influences; identifying key non competitive forces; identifying competitive position; identifying key opportunities and threats. C. Auditing external and organizational factors; identifying key competitive forces; identifying competitive position; identifying key opportunities and threats. D. Assessing historical trends; auditing environmental dangers; identifying strategic capabilities; identifying competitive position.
