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

While Burger Cult Inc.operates in a monopolistically competitive industry, Citizen Telecom Inc.operates in a monopoly.Keeping this information in mind, which of the following statements is most likely true?

In which of the following situations is the power of suppliers high in an industry?

Shield Autos Inc.has newly launched a luxury car into the European market.Which of the following would most likely NOT be a complement to the car?

What is the drawback of the five forces model?

A key feature of an oligopoly is that the competing firms _____.

True Gold Inc.is a company that sells 24-carat gold biscuits to companies that manufacture jewelry.Since the company operates in an industry where many other suppliers sell standardized products, it can most likely:

Which of the following external forces is a part of a firm's task environment?

Why are entry barriers in the U.S.airline industry relatively low?

When fashion magazines face competition from fashion blogs on the web, which of the following forces in Michael Porter's five forces model primarily gets stronger?

Defend or refute the statement: "Strategic groups do not impact competitive rivalry within an industry."

Which of the following statements is true about strategic groups?

Which type of industry structure is often analyzed using game theory?

Discuss the factors to be kept in mind when mapping strategic groups.

How does capital requirement act as an entry barrier within an industry?

Golden Harvest is a restaurant located inside a five-star hotel.It caters mainly to customers who are concerned about quality dining rather than the prices.In this scenario, which of the following will be a part of Golden Harvest's strategic group?

How is the U.S.computer hardware industry an example of monopolistic competition?

Which of the following statements with regard to industry structures is true?

Given the industry structure in the automobile business, entering the auto manufacturing industry doesn't seem advisable.Yet Tesla Motors is joining the fray.Rather than attempting to compete head-on in internal combustion engines, Tesla Motors is entering the all-electric car segment, a much less crowded niche in the overall car industry.Which of the following is Tesla most hoping to benefit from in this market niche?

Discuss the steps to be followed to effectively apply the five forces model.

How can a firm change its industry structure from monopolistically competitive or oligopolistic to a near monopoly?