Question 1

Which of the following is not a factor to consider in identifying an industry's dominant economic features?

Accepted Answer

A)  market size,growth rate,and prospects 
B)  scope of competitive rivalry including geographic area 
C)  market demand-supply conditions 
D)  strength of both driving forces and competitive forces 
E)  role and pace of technological change 
A)  market size,growth rate,and prospects 
B)  scope of competitive rivalry including geographic area 
C)  market demand-supply conditions 
D)  strength of both driving forces and competitive forces 
E)  role and pace of technological change

Question 2

In which of the following circumstances are competitive pressures associated with the bargaining power of buyers not relatively strong?

Accepted Answer

A)  when buyer demand is growing rapidly 
B)  when buyers are relatively well informed about sellers' products,prices,and costs 
C)  when buyers pose a major threat to integrate backward into the product market of sellers 
D)  when sellers' products are weakly differentiated,making it easy for buyers to switch to competing brands 
E)  when buyers have considerable discretion over whether and when they purchase the product 
A)  when buyer demand is growing rapidly 
B)  when buyers are relatively well informed about sellers' products,prices,and costs 
C)  when buyers pose a major threat to integrate backward into the product market of sellers 
D)  when sellers' products are weakly differentiated,making it easy for buyers to switch to competing brands 
E)  when buyers have considerable discretion over whether and when they purchase the product

Question 3

Identify and briefly discuss any three of the factors that influence the bargaining strength and leverage of buyers.

Accepted Answer

The answer of Identify and briefly discuss any three of...

Question 4

Which one of the following increases the competitive pressures associated with the threat of entry?

Accepted Answer

A)  Incumbent firms are likely to launch competitive initiatives to strongly contest the entry of newcomers. 
B)  Buyers have a high degree of loyalty to the brands and product offerings of existing industry members. 
C)  Buyer demand for the product is growing fairly slowly. 
D)  Few outsiders have the expertise and resources to hurdle whatever entry barriers exist. 
E)  Newcomers can expect to earn attractive profits. 
A)  Incumbent firms are likely to launch competitive initiatives to strongly contest the entry of newcomers. 
B)  Buyers have a high degree of loyalty to the brands and product offerings of existing industry members. 
C)  Buyer demand for the product is growing fairly slowly. 
D)  Few outsiders have the expertise and resources to hurdle whatever entry barriers exist. 
E)  Newcomers can expect to earn attractive profits.

Question 5

Which of the following is not one of the five typical sources of competitive pressures?

Accepted Answer

A)  the power and influence of industry driving forces 
B)  the bargaining power of suppliers and seller-supplier collaboration 
C)  the threat of new entrants into the market 
D)  the attempts of companies in other industries to win customers over to their own substitute products 
E)  the market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry 
A)  the power and influence of industry driving forces 
B)  the bargaining power of suppliers and seller-supplier collaboration 
C)  the threat of new entrants into the market 
D)  the attempts of companies in other industries to win customers over to their own substitute products 
E)  the market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry

Question 6

A competitive environment in which there is weak to moderate rivalry among sellers,high entry barriers,weak competition from substitute products,and little bargaining leverage on the part of both suppliers and customers

Accepted Answer

A)  lacks powerful driving forces. 
B)  gives each industry competitor the best potential for building sustainable competitive advantage. 
C)  makes it hard for industry members to pursue a differentiation strategy. 
D)  is conducive to industry members earning attractive profits. 
E)  requires that industry members have low costs. 
A)  lacks powerful driving forces. 
B)  gives each industry competitor the best potential for building sustainable competitive advantage. 
C)  makes it hard for industry members to pursue a differentiation strategy. 
D)  is conducive to industry members earning attractive profits. 
E)  requires that industry members have low costs.

Question 7

Identify and describe the relevant factors and forces comprising the environmental context in which a company operates.Which of these factors and forces constitute the company's macro-environment,and which constitute the industry and competitive environment? Explain.

Accepted Answer

The environmental context in which a com

Question 8

Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as

Accepted Answer

A)  cultural,lifestyle,and demographic changes. 
B)  the birth of new industries,new knowledge,and disruptive technologies. 
C)  weather,climate change,and water shortages. 
D)  interest rates,exchange rates,unemployment rates,inflation rates,and economic growth. 
E)  how often sellers alter their prices,how sensitive buyers are to price differences among sellers,whether the item being purchased is a good or a service,and whether buyers buy frequently or infrequently. 
A)  cultural,lifestyle,and demographic changes. 
B)  the birth of new industries,new knowledge,and disruptive technologies. 
C)  weather,climate change,and water shortages. 
D)  interest rates,exchange rates,unemployment rates,inflation rates,and economic growth. 
E)  how often sellers alter their prices,how sensitive buyers are to price differences among sellers,whether the item being purchased is a good or a service,and whether buyers buy frequently or infrequently.

Question 9

The competitive threat that outsiders will enter a market is weaker when

Accepted Answer

A)  financially strong industry members send strong signals that they will launch strategic initiatives to combat the entry of newcomers. 
B)  the pool of entry candidates is large,and some have resources that would make them formidable market contenders. 
C)  the industry's market growth is rapid. 
D)  newcomers can be expected to earn attractive profits. 
E)  buyers have little loyalty to the brands and product offerings of existing industry members. 
A)  financially strong industry members send strong signals that they will launch strategic initiatives to combat the entry of newcomers. 
B)  the pool of entry candidates is large,and some have resources that would make them formidable market contenders. 
C)  the industry's market growth is rapid. 
D)  newcomers can be expected to earn attractive profits. 
E)  buyers have little loyalty to the brands and product offerings of existing industry members.

Question 10

Which of the following is generally not considered as a barrier to entry?

Accepted Answer

A)  rapid market growth 
B)  sizable capital requirements and an array of regulatory requirements 
C)  strong buyer loyalty to existing brands 
D)  sizable economies of scale in production 
E)  difficulties in gaining access to distribution and securing adequate space of retailers' shelves 
A)  rapid market growth 
B)  sizable capital requirements and an array of regulatory requirements 
C)  strong buyer loyalty to existing brands 
D)  sizable economies of scale in production 
E)  difficulties in gaining access to distribution and securing adequate space of retailers' shelves

Question 11

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

Accepted Answer

The answer of Identify and briefly explain any three factors...

Question 12

In seeking to predict the next moves of close or key rivals,it is useful to consider which of these questions?

Accepted Answer

A)  Which rivals badly need to increase their unit sales and market share? 
B)  Are there predictable trends in the timing of rivals' new-product launches or marketing promotions? 
C)  Which rivals have a strong incentive,along with the resources,to make major strategic changes? 
D)  Which rivals are likely to enter new geographic markets or expand their product offerings? 
E)  All of these choices are correct. 
A)  Which rivals badly need to increase their unit sales and market share? 
B)  Are there predictable trends in the timing of rivals' new-product launches or marketing promotions? 
C)  Which rivals have a strong incentive,along with the resources,to make major strategic changes? 
D)  Which rivals are likely to enter new geographic markets or expand their product offerings? 
E)  All of these choices are correct.

Question 13

The nature and strength of the competitive forces that prevail in an industry is generally a joint product of the

Accepted Answer

A)  pressures associated with rivalry among sellers to attract buyer patronage. 
B)  threats that firms outside the industry will decide to enter the market. 
C)  attempts of companies in other industries to win buyers over to their own substitute products. 
D)  pressures stemming from the bargaining power of both suppliers and buyers. 
E)  All of these choices are correct. 
A)  pressures associated with rivalry among sellers to attract buyer patronage. 
B)  threats that firms outside the industry will decide to enter the market. 
C)  attempts of companies in other industries to win buyers over to their own substitute products. 
D)  pressures stemming from the bargaining power of both suppliers and buyers. 
E)  All of these choices are correct.

Question 14

Identify and describe the interactions among the competitive forces that comprise the five-forces model of competition.Which of these competitive forces is typically the strongest? Explain.

Accepted Answer

The five forces model of competition, de

Question 15

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

Accepted Answer

A)  try to single out all factors that play a major role in shaping whether buyer demand grows rapidly or slowly. 
B)  consider on what basis customers choose between competing brands,what resources and competitive capabilities firms need to be competitively successful,and what shortcomings are almost certain to put a company at a significant competitive disadvantage. 
C)  consider whether the number of strategic groups is increasing or decreasing and whether the five competitive forces are powerful or relatively weak. 
D)  consider what it will take to overtake the company with the industry's overall best strategy. 
E)  focus their attention on what it will take to capitalize on impacts of the industry's driving forces. 
A)  try to single out all factors that play a major role in shaping whether buyer demand grows rapidly or slowly. 
B)  consider on what basis customers choose between competing brands,what resources and competitive capabilities firms need to be competitively successful,and what shortcomings are almost certain to put a company at a significant competitive disadvantage. 
C)  consider whether the number of strategic groups is increasing or decreasing and whether the five competitive forces are powerful or relatively weak. 
D)  consider what it will take to overtake the company with the industry's overall best strategy. 
E)  focus their attention on what it will take to capitalize on impacts of the industry's driving forces.

Question 16

Identify and briefly explain any two of the factors that influence the strength of competition from substitute products.

Accepted Answer

The answer of Identify and briefly explain any two of...

Question 17

Identify at least two benefits of constructing a strategic group map.

Accepted Answer

Constructing a strategic group map offer

Question 18

Rivalry among competing sellers is generally more intense when

Accepted Answer

A)  buyer demand is growing rapidly. 
B)  the industry's driving forces are strong,and rivals have strongly differentiated products. 
C)  barriers to entry are moderately high,and the pool of likely entry candidates is small. 
D)  industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume. 
E)  barriers to entry are high,and buyer switching costs are high. 
A)  buyer demand is growing rapidly. 
B)  the industry's driving forces are strong,and rivals have strongly differentiated products. 
C)  barriers to entry are moderately high,and the pool of likely entry candidates is small. 
D)  industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume. 
E)  barriers to entry are high,and buyer switching costs are high.

Question 19

The key success factors in an industry

Accepted Answer

A)  are the strategy elements,intangible assets,and competitive capabilities that most affect industry members' abilities to prosper in the marketplace. 
B)  are determined by the industry's driving forces. 
C)  hinge on how many different strategic groups the industry has. 
D)  depend on how many rivals are trying to move from one strategic group to another. 
E)  are a function of such considerations as how many firms are in the industry,how many have market shares above 5 percent,and whether the business models being used are similar or diverse. 
A)  are the strategy elements,intangible assets,and competitive capabilities that most affect industry members' abilities to prosper in the marketplace. 
B)  are determined by the industry's driving forces. 
C)  hinge on how many different strategic groups the industry has. 
D)  depend on how many rivals are trying to move from one strategic group to another. 
E)  are a function of such considerations as how many firms are in the industry,how many have market shares above 5 percent,and whether the business models being used are similar or diverse.

Question 20

An industry's key success factors

Accepted Answer

A)  are a function of market share,entry barriers,economies of scale,degree of vertical integration,and industry profitability. 
B)  vary according to whether an industry has high or low long-term attractiveness. 
C)  can be determined through identifying an industry's dominant economic characteristics,assessing the five competitive forces,considering the impacts of the driving forces,comparing the market positions of industry members,and forecasting the likely next moves of industry rivals. 
D)  can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies. 
E)  depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack. 
A)  are a function of market share,entry barriers,economies of scale,degree of vertical integration,and industry profitability. 
B)  vary according to whether an industry has high or low long-term attractiveness. 
C)  can be determined through identifying an industry's dominant economic characteristics,assessing the five competitive forces,considering the impacts of the driving forces,comparing the market positions of industry members,and forecasting the likely next moves of industry rivals. 
D)  can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies. 
E)  depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.

Which of the following is not a factor to consider in identifying an industry's dominant economic features?

In which of the following circumstances are competitive pressures associated with the bargaining power of buyers not relatively strong?

Identify and briefly discuss any three of the factors that influence the bargaining strength and leverage of buyers.

Which one of the following increases the competitive pressures associated with the threat of entry?

Which of the following is not one of the five typical sources of competitive pressures?

A competitive environment in which there is weak to moderate rivalry among sellers,high entry barriers,weak competition from substitute products,and little bargaining leverage on the part of both suppliers and customers

Identify and describe the relevant factors and forces comprising the environmental context in which a company operates.Which of these factors and forces constitute the company's macro-environment,and which constitute the industry and competitive environment? Explain.

Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as

The competitive threat that outsiders will enter a market is weaker when

Which of the following is generally not considered as a barrier to entry?

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

In seeking to predict the next moves of close or key rivals,it is useful to consider which of these questions?

The nature and strength of the competitive forces that prevail in an industry is generally a joint product of the

Identify and describe the interactions among the competitive forces that comprise the five-forces model of competition.Which of these competitive forces is typically the strongest? Explain.

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

Identify and briefly explain any two of the factors that influence the strength of competition from substitute products.

Identify at least two benefits of constructing a strategic group map.

Rivalry among competing sellers is generally more intense when

The key success factors in an industry

An industry's key success factors

Strategy,Business Models, and Competitive Advantage

Strategy Formulation, Execution, and Governance

Evaluating a Company Resources, Capabilities, and Competitiveness

The Five Generic Competitive Strategies

Strength-Ending a Company Competitive Position: Strategic Moves, Timing, and Scope of Operations

Strategies for Competing in International Markets

Corporate Strategy: Diversification and the Multi-Business Company

Ethics,Corporate Social Responsibility,Environmental Sustainability, and Strategy

Super Strategy Execution-Another Path to Competitive Advantage

Filters

Exam 3: Evaluating a Companys External Environment

Which of the following is not a factor to consider in identifying an industry's dominant economic features?

In which of the following circumstances are competitive pressures associated with the bargaining power of buyers not relatively strong?

Identify and briefly discuss any three of the factors that influence the bargaining strength and leverage of buyers.

Which one of the following increases the competitive pressures associated with the threat of entry?

Which of the following is not one of the five typical sources of competitive pressures?

A competitive environment in which there is weak to moderate rivalry among sellers,high entry barriers,weak competition from substitute products,and little bargaining leverage on the part of both suppliers and customers

Identify and describe the relevant factors and forces comprising the environmental context in which a company operates.Which of these factors and forces constitute the company's macro-environment,and which constitute the industry and competitive environment? Explain.

Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as

The competitive threat that outsiders will enter a market is weaker when

Which of the following is generally not considered as a barrier to entry?

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

In seeking to predict the next moves of close or key rivals,it is useful to consider which of these questions?

The nature and strength of the competitive forces that prevail in an industry is generally a joint product of the

Identify and describe the interactions among the competitive forces that comprise the five-forces model of competition.Which of these competitive forces is typically the strongest? Explain.

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

Identify and briefly explain any two of the factors that influence the strength of competition from substitute products.

Identify at least two benefits of constructing a strategic group map.

Rivalry among competing sellers is generally more intense when

The key success factors in an industry

An industry's key success factors

Strategy,Business Models, and Competitive Advantage

Strategy Formulation, Execution, and Governance

Evaluating a Company Resources, Capabilities, and Competitiveness

The Five Generic Competitive Strategies

Strength-Ending a Company Competitive Position: Strategic Moves, Timing, and Scope of Operations

Strategies for Competing in International Markets

Corporate Strategy: Diversification and the Multi-Business Company

Ethics,Corporate Social Responsibility,Environmental Sustainability, and Strategy

Super Strategy Execution-Another Path to Competitive Advantage

Filters