1. The three of the exterenal environment which affect a firm's strategic action are______
a) economic, political, and legal
b) local, national, and global
c) industry, business, and product
d) general, industry, and competiitor
2. Backward integration occurs when a company__________
a) produces its own inputs
b) is concentrated in a single industry
c) owns its own source of distribution of ouputs
d) is divesting unrelated businesses
3. A company that seeks to increase its sales and profits through backward, forward, or horizontal integration within the industry is said to be employing a(n) _____growth strategy
a) intensive
b) diversification
c) integrative
d) target