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

The telecommunication industry of United Canava is primarily dominated by three large firms: AD Telecom Inc.,Mystic Telecom Corp.,and Total Talk Inc.Instead of cutting prices competitively,these firms have resorted to non-price competition through branding and product differentiation.Which of the following industry competitive structures are these companies most likely in?

How did Virgin America enter the airline industry despite the industry's notoriously low profitability?

Which of the following statements is true about strategic groups?

With the emergence of smartphones,users no longer have to carry a separate music player,a video game,a laptop,or a magazine to keep themselves entertained when traveling.A smartphone is loaded with a variety of applications to satisfy all the customer needs that different industries or products individually satisfied earlier.As a result,the smartphone industry has been posing a threat to a lot of other unrelated industries.What is this phenomenon best known as?

In an industry,the threat of entry is high when

Clear Calls Inc.,a telephone service provider,has a large user base mainly because phone calls and messages between all Clear Calls users are free.When a person switches to a Clear Calls network,his or her entire network of family and friends is likely to switch to the same network to avail the benefit of free calls and messages.In addition,an existing user who gets a new user to register with Clear Calls Inc.is given a free wireless connection.This has helped to keep competition away from Clear Calls.In this scenario,which of the following factors is acting as an entry barrier for Clear Calls Inc.?

Which of the following statements about Porter's five forces model is accurate?

In Rozinia 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 fundamental insights was provided by Porter's five forces framework from the completion of the Alta Velocidad Española (AVE)in 2008?

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