at these were already held by a restaurant, a tavern, and one other store in the town. Her only recourse would be to try and buy one of the permits from one of the holders willing to sell. The restaurant holder was the only permit holder willing to sell but the price that he demanded was beyond Angel's ability to raise money. It appears that Angel will be unable to open a new liquor store unless she can
b) Manage to "steal" a permit
c) Overcome the barriers of entry. [Chapter 2: Bateman-Snell]
d) Eliminate the unfair trade practices.
e) Drive the restaurant owner out of business.
7. The development of new products which may replace sales of existing products is referred to as the threat of:
a) Substitution. [Chapter 2: Bateman-Snell]
8. Managers at Apex Clothing, Inc. engage in an annual organizational assessment as part of an attempt to predict possible opportunities and threats. They look at issues such as who their competitors are, how many entry barriers there are in the industry, and what substitutes exist for their product. This assessment could be called
d) Environmental scanning [Chapter 2: Bateman-Snell]
9. The process of comparing the organization's practices and technologies with those of other companies is:
b) Benchmarking [Chapter 2: Bateman-Snell]
d) Management information certainty.
10. A system of rules that govern the ordering of values is referred to as:
b) Ethics [Chapter 5: Bateman-Snell]
11. Katrina worked last summer as a receptionist in a dentist's office. During a discussion prompted by the ethics chapter in your text, she commented that it always made her uncomfortable to tell callers that the doctor was with a patient when in fact the dentist was playing golf. Katrina was able to tell these "fibs" because she made good money and didn't want to lose her job. Besides, no one was really h...