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

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

Which of the following is NOT a benefit about the background of BYD that may help it be successful in overcoming barriers to enter the electric vehicle market?

BYD is an example of a new firm entering the global auto industry.With more firms vying for a U.S.market that is not growing very fast,what will happen?

Non-price competition such as today's rivalry between Coca-Cola and Pepsi refers to:

Strategic group mapping tells us that:

Competition by offering unique product or service features rather than competing on price is called what?

The __________ environment affects a firm's industry environment.

A process whereby formerly unrelated industries begin to satisfy the same customer need is often brought on by technological advances.What is this process called?

The structure-conduct-performance (SCP)model states that industry structure influences the price a firm can charge for its product or service.

In Strategy Highlight 3.1,why was the U.S.government putting pressure on UBS,the venerable Swiss bank?

_______________ assesses whether a good business opportunity exists or not.

Georgia Power and Philadelphia Gas Works are two examples of firms in what type of industry structure?

Microsoft and Intel are complements to each other.Their alternating advances over time have created a ________.

What is the primary advantage that BYD has in breaking down the historically high entry barriers in the automobile manufacturing industry?

If a rival makes a strategic move in a(n)_________ industry,the dominant firm is most likely to respond with its own initiative to counter (or coordinate)the effects of the first firm.

A ____________ is a product or service that can help raise demand in an industry by indirectly enhancing performance or decreasing prices.

When a supplier has a credible threat of forward integration,what happens to their power in the industry?

A key feature of an oligopoly is that the firms are interdependent,which allows them to be good examples in game theory.What does it mean when firms are interdependent?

Intel was viewed by the European Union as not complying with antitrust regulations and was subjected to regulatory review.The threat of regulatory review can be considered a barrier to entry.

When the buyers have high switching costs how does this relate to the expected power of the buyers? (Higher or lower and briefly why?)