TECHNOLOGY MCQS

Technology MCQs



Quiz 1.2: Competitive Forces Model

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Directions: Test your knowledge of this topic by selecting the best answer for each of the following questions. When you click the Submit button, you will see your score and the results will go to your instructor. You may want to refer to the general business model from earlier in the module for these questions.

General Business Model

Let's think about MitiTech.

Which of the direct variables help MitiTech with its competitive position?

a. customers and owners

b. suppliers and customers Answer Selected

c. competition and customers

d. competition and suppliers

Information about which factors is not crucial to MitiTech's ability to maintain its competitive position?

a. emerging new technologies that create new products

b. patent infringements

c. employees' benefits Answer Selected

d. new markets based on terrorist activity

Which use of the Internet could have a negative impact on MitiTech's competitive position?

a. allowing potential customers to learn about MitiTech's products and test results

b. providing an easy method to facilitate product orders to flow to the suppliers

c. allowing potential customers to find potential substitute products Answer Selected

d. allowing MitiTech to monitor patent infringement by other companies

Which of the following indirect variables has no impact on MitiTech?

a. government regulations

b. ethics

c. politics

d. none of the above Answer Selected

Are there any direct variables that have no effect on a business's competitive position?

a. yes

b. no Answer Selected

Quiz 1.3: Comfy Chair Company

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Note: This quiz has not yet been submitted.

Directions: Test your knowledge of this topic by selecting the best answer for each of the following questions. You will use the Comfy Chair Company model for these questions. (Important: Do not click the Reset button in the model before entering new data, since the correct answers assume that you have correctly completed the quiz preparation steps and the model is in that configuration.) Start this quiz after completing step 2 in the Quiz Preparation box in the Commentary. Double check that you show 20,000 units, insurance costs of $150,000, and a profit of $279,700 before continuing. You may find it helpful to print out each version of the model as you go along to keep track of your answers, since each question builds on the previous one. When you click the Submit button, you will see your score and the results will go to your instructor.

After each question, you will receive feedback and the correct answers. It is important to update your financial model before moving on to the next question. Quiz 1.3 has three questions, so be sure to submit all three of your answers. If you leave the quiz and return before submitting the last answer, the quiz will resume with the next question.

1. The sales department tells management that they can increase revenue by 20 percent by increasing sales 20 percent, but the production department says that to achieve that number of units, they will have to buy a new piece of equipment that will add $200,000 to the appropriate ...