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

While industry forces have been favorable for a long time in the U.S.automotive industry, recent dynamics have lowered the profit potential of competing in this industry and thus reduced its attractiveness.The continued success of Tesla Motors in the industry will depend on other firm and industry factors.Which of the following represents one such factor that directly affects Tesla Motors?

In Galvania Republic, the federal government owns and manages all the nuclear power plants.This is because the business would not be profitable if there was more than one supplier in the nuclear power industry.Which of the following industry competitive structures does the scenario best illustrate?

Which of the following forces was NOT originally a part of Michael Porter's fives forces model?

The primary objective of Porter's five forces model is to:

Which of the following is most likely an implication of new firms entering an industry?

Describe the relationship between the state of an economy and its level of employment.

A company is best described as a _____ to an existing company if customers value the existing company's product or service offering more when they are able to combine it with the other company's product or service.

Buyers are highly price sensitive when:

Soapsuds Inc., a manufacturer of cleaning agents, supplies its products to All Needs Inc., a supermarket chain.It demands that All Needs create more shelf space in its stores for Soapsuds' products.However, All Needs Inc.refuses to do this.Instead, it decides to produce its own range of cleaning agents with its own label "All Wash." In this scenario, All Needs Inc.has exercised its bargaining power as a buyer through _____.

Which of the following would most likely NOT indicate that sellers are a strong competitive force in an industry?

_____ is best described as cooperation by competitors to achieve a strategic objective.

What is the rule of thumb behind Porter's five forces model?

Which of the following strategies will be most detrimental to firms that are close rivals operating in an oligopolistic industry structure?

True West Airlines Inc.follows a cost-leadership strategy.Which of the following firms will most likely be its direct competitor?

Which of the following features about a buyer indicates that the buyer has high bargaining power?

The relative bargaining power of suppliers is high when:

When is the rivalry among existing competitors in an industry likely to be more intense?

How is a firm's task environment different from its general environment? Provide examples of both types of environments.

Why is supplier power in the U.S.airline industry strong?

Why is it important to conduct industry analysis? What does a firm's strategic position relate to?