Exam 3: External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

In both monopolistically competitive industries and oligopolistic industries,the ability to differentiate a product provides a firm with pricing power.

Which of the main industry groups in the SCP model is described as having many firms,some pricing power,and differentiated products?

Competitive intensity will increase when all of the following happen EXCEPT:

Suppliers are powerful when which of the following happens?

The U.S.airline industry has intense rivalry,primarily undifferentiated products,low entry barriers,and low switching costs.Furthermore,suppliers of aircraft engines to the industry have strong bargaining power.It is no surprise that this industry has been one of the least profitable for years.Michael Porter calls this industry what?

Which of the following is NOT one of Porter's five forces?

Applying the five forces model to the airline and soft drink industries demonstrates all EXCEPT which of the following?

Generally,perfectly competitive industries such as paper and steel (commodities)are deemed to be ________ in profits to more differentiated industries like pharmaceuticals and cosmetics.

In comparing airlines and soft drink industries which one is more profitable? Use supplier power as an example to explain the differences in profitability of each.

Briefly describe the characteristics of an oligopoly.

Which of the following would NOT indicate that sellers are a strong competitive force?

An ideal competitive environment from a profit-making standpoint is when:

Microsoft,Nintendo,and Epic are in the video gaming industry.Microsoft and Nintendo produce and sell video game consoles and games.Epic is a video game publisher.When Sony creates a strategic map,it will place Nintendo as a(n):

John Connelly went to the grocery store to buy some butter.As he was looking at the butter offerings,he noticed that Pam cooking spray was advertised as $1.00 less for the same amount of product.John purchased the spray.The spray is considered to be a what?

Competitive rivalry will get weaker when all of the following happen EXCEPT:

In the structure-conduct-performance model what are the industry characteristics that lead to low profitability?

Fragmented industry structures typically offer high profitability potential.

It is unwise to initiate strategic moves such as R&D spending during an economic downturn.

Which of the following would NOT explain why managers track interest rates?

Regulatory changes can foster innovation.