BA 453 Midterm EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) First step in analyzing a case - Correct Answers ✅skim it for the basic facts Steps in the Strategic Management Process - Correct Answers ✅1. perform an external environmental analysis
(PESTEL)
- perform an internal analysis (VRIO)
- analyze the firm's current business-level and corporate-
- analyze the firms performance
level strategies
profitability ratio - Correct Answers ✅how efficiently a company utilizes its resources activity ratios - Correct Answers ✅how effectively a firm manages its assets leverage ratios - Correct Answers ✅the degree to which a firm relies on debt vs equity (capital structure) liquidity ratios - Correct Answers ✅a firm's ability to pay off its short-term obligations Market Ratios - Correct Answers ✅returns earned by shareholders who hold company stock 1 / 4
BA 453 Midterm EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) PESTEL Analysis - Correct Answers ✅A firm's macroenvironment analysis Political Economic Social Technological Environmental Legal Political Factors - Correct Answers ✅the influence government bodies have on firms economic factors - Correct Answers ✅growth rates, interest rates, levels of employment, price stability, currency exchange rates sociocultural factors - Correct Answers ✅a society's cultures, norms, and values technological factors - Correct Answers ✅capture the application of knowledge to create new processes and products 2 / 4
BA 453 Midterm EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) ecological factors - Correct Answers ✅concern a firm's regard for environmental issues such as the natural environment, global warming, and sustainable economic growth.legal factors - Correct Answers ✅captures the official outcomes of political processes as manifested in laws, mandates, regulations, and court decisions Porter's Five Forces - Correct Answers ✅Also known as Industry and Competitive Analysis. A framework considering the interplay between (1) the intensity of rivalry among existing competitors, (2) the threat of new entrants, (3) the threat of substitute goods or services, (4) the bargaining power of buyers, and (5) the bargaining power of suppliers.What does Porter's 5 forces determine - Correct Answers ✅profit potential
P5F: a weak force represents what - Correct Answers
✅opportunity in that area
P5F: a strong force represents what - Correct Answers ✅a
greater threat in that area 3 / 4
BA 453 Midterm EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025)
P5F:Threat of new entrants - Correct Answers ✅Brand
loyalty, switching costs, capital requirement, access to distribution channels;government policies, learning curve
P5F: Threat of Substitutes - Correct Answers
✅Price/performance, switching costs, brand loyalty.... Threats from outside the given industry
P5F: Supplier bargaining power - Correct Answers ✅High
concentration of suppliers,Low differentiation (existence of substitutes), Input critical to success, Switching costs, Threat of forward integration, Proportion of sales to target industry
P5F: Buyer bargaining power - Correct Answers ✅High
concentration of buyers, Lack of differentiation (existence of substitutes), Price sensitivity, Switching costs, Threat of backward integration,Buyer knowledge
P5F: Rivalry Among Competitors - Correct Answers
✅Number of competitors, Industry growth prospects, Overcapacity and fixed costs,Exit costs and barriers, Switching costs for buyers, brand strength, Diversity of competitors P5F: a sixth force: Complementors - Correct Answers ✅A player is a complementor if customers value your product
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