Exam 3: Evaluating a Companys External Environment

Angela and Jeff are co-owners of five specialty baking stores in their region. Which of the following questions would NOT help them to predict the next strategic moves and countermoves of their rivals?

The extent to which firms are meeting objectives suggests they

Identify and briefly explain any three factors that lead to weak bargaining power on the part of suppliers.

Based on an analysis of the five competitive forces, in which of the following industries is profitability likely to be lowest?

The best test of whether potential entry is a strong or weak competitive force is

Factors that cause the rivalry among competing sellers to be weaker include

Increasing globalization of the industry can be a driving force because

The real payoff of driving forces is to help managers understand

The competitive pressures on companies within an industry come from all of the following, EXCEPT

Can an industry be attractive to one company and unattractive to another company? Why or why not?

Which of the following is NOT an example of a complementor?

Explain the meaning and significance of each of the following and their relationship to one another. a. driving forces b. strategic group mapping c. key success factors

The strategically relevant factors outside a company's industry boundaries-economic conditions, political factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions-are known as

Identify five factors that tend to intensify competitive rivalry among an industry's member firms.

Which of the following factors is NOT a relevant consideration in judging whether buyer bargaining power is relatively strong or relatively weak?

Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity?

Rivalry among competing sellers is generally less intense when

Which of the following is NOT a major question to ask in thinking strategically about industry and competitive conditions in a given industry?

Which of the following factors should a company consider when determining if an industry offers good prospects for attractive profits?

In identifying an industry's key success factors, strategists should