Question 1

In most industries,new entrants will be a bigger threat because the Internet lowers entry barriers.

Accepted Answer

A) True 
 B)False  True

Question 2

Emerging sociocultural changes in the environment include ____________.

Accepted Answer

A)  changes in the ethnic composition 
B)  the increasing educational attainment of women in the past decade 
C)  progressively less disposable income by consumers 
D)  changes in the geographic distribution of the population 
A)  changes in the ethnic composition 
B)  the increasing educational attainment of women in the past decade 
C)  progressively less disposable income by consumers 
D)  changes in the geographic distribution of the population B

Question 3

SWOT analysis is a basic technique for analyzing firm and industry conditions.Explain the relationship between the SWOT approach to evaluating the general environment,the industry of the firm,and the competitive environment.

Accepted Answer

The SWOT analysis is a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats of a business or organization. When applied to the general environment, the SWOT analysis helps to identify external factors that may impact the business, such as economic conditions, technological advancements, and regulatory changes. This allows the firm to assess how these factors may affect its operations and develop strategies to mitigate potential risks or take advantage of opportunities.

When applied to the industry of the firm, the SWOT analysis helps to identify the competitive landscape, market trends, and industry-specific factors that may impact the business. This allows the firm to understand its position within the industry and identify areas for improvement or potential areas for growth.

When applied to the competitive environment, the SWOT analysis helps to identify the strengths and weaknesses of competitors, as well as potential opportunities and threats posed by them. This allows the firm to develop strategies to differentiate itself from competitors and capitalize on its strengths while addressing any weaknesses or threats posed by competitors.

Overall, the SWOT analysis provides a comprehensive understanding of the general environment, industry, and competitive environment, allowing the firm to make informed strategic decisions and develop effective strategies to achieve its goals.

Question 4

Address how Internet and digital technologies affect the Porter five forces.

Accepted Answer

The Internet and digital technologies ha

Question 5

In the value net analysis,complementors are _________________.

Accepted Answer

A)  firms that produce substitute products 
B)  customers who compliment the company for their good products and services 
C)  firms that produce products or services that have a positive impact on the value of firm products or services 
D)  firms that supply critical inputs to a company 
A)  firms that produce substitute products 
B)  customers who compliment the company for their good products and services 
C)  firms that produce products or services that have a positive impact on the value of firm products or services 
D)  firms that supply critical inputs to a company

Question 6

Scanning the general environment would identify information on _______________.

Accepted Answer

A)  substitute goods 
B)  the aging population and ethnic shifts 
C)  customer and firm bargaining power 
D)  competitive rivalry 
A)  substitute goods 
B)  the aging population and ethnic shifts 
C)  customer and firm bargaining power 
D)  competitive rivalry

Question 7

Supplier power has increased because of the Internet for all of the following reasons EXCEPT:

Accepted Answer

A)  the growth of new Web-based businesses has created more outlets for suppliers to sell to 
B)  some suppliers have created Web-based purchasing systems that encourage switching 
C)  the process of disintermediation makes it possible for some suppliers to reach end users directly 
D)  software that links buyers to a supplier's website has created rapid, low-cost order capabilities 
A)  the growth of new Web-based businesses has created more outlets for suppliers to sell to 
B)  some suppliers have created Web-based purchasing systems that encourage switching 
C)  the process of disintermediation makes it possible for some suppliers to reach end users directly 
D)  software that links buyers to a supplier's website has created rapid, low-cost order capabilities

Question 8

Industries characterized by high economies of scale typically attract fewer new entrants.

Accepted Answer

A) True 
 B)False

Question 9

The strategic groups in the worldwide automobile industry have been very stable and unchanging in recent years.

Accepted Answer

A) True 
 B)False

Question 10

The bargaining power of suppliers increases as ____________.

Accepted Answer

A)  more suppliers enter the market 
B)  importance of buyers to supplier group increases 
C)  switching costs for buyers decrease 
D)  threat of forward integration by suppliers increases 
A)  more suppliers enter the market 
B)  importance of buyers to supplier group increases 
C)  switching costs for buyers decrease 
D)  threat of forward integration by suppliers increases

Question 11

A number of choices government officials make are based on projections about future interest rates.The projections are soft trends.

Accepted Answer

A) True 
 B)False

Question 12

Two of the key inputs to developing forecasts discussed in the text are:

Accepted Answer

A)  environmental scanning and stakeholder identification. 
B)  environmental scanning and competitor intelligence. 
C)  assessing internal strengths and environmental scanning. 
D)  environmental scanning and a SWOT analysis. 
A)  environmental scanning and stakeholder identification. 
B)  environmental scanning and competitor intelligence. 
C)  assessing internal strengths and environmental scanning. 
D)  environmental scanning and a SWOT analysis.

Question 13

Explain how competitor intelligence can be improved by gathering information about competitors in the public domain.Provide examples.

Accepted Answer

Competitor intelligence can be improved

Question 14

Several factors usually interact which result in intense rivalry among competitors.Explain.

Accepted Answer

Several factors can contribute to intens

Question 15

An automobile manufacturer acquires a rental car company.This is an example of _____.

Accepted Answer

A)  backward integration 
B)  economies of scale 
C)  forward integration 
D)  product differentiation 
A)  backward integration 
B)  economies of scale 
C)  forward integration 
D)  product differentiation

Question 16

Discuss some of the limitations of forecasting.

Accepted Answer

Forecasting is a valuable tool for busin

Question 17

Which is considered a force in the Five-Forces model?

Accepted Answer

A)  increased deregulation in an industry 
B)  the threat of government intervention 
C)  rivalry among competing firms 
D)  recent technological innovation 
A)  increased deregulation in an industry 
B)  the threat of government intervention 
C)  rivalry among competing firms 
D)  recent technological innovation

Question 18

Firms would be most likely to face intense rivalry with competitors when they _________.

Accepted Answer

A)  are in a high growth industry with low fixed costs 
B)  are in a protected market 
C)  have high fixed costs 
D)  have low exit barriers for easy transition to another industry 
A)  are in a high growth industry with low fixed costs 
B)  are in a protected market 
C)  have high fixed costs 
D)  have low exit barriers for easy transition to another industry

Question 19

Competition tends to be more intense among firms within a strategic group than between strategic groups.

Accepted Answer

A) True 
 B)False

Question 20

The bargaining power of suppliers is enhanced under the following market condition:

Accepted Answer

A)  no threat of forward integration 
B)  low differentiation of the supplier products 
C)  greater availability of substitute products 
D)  dominance by a few suppliers 
A)  no threat of forward integration 
B)  low differentiation of the supplier products 
C)  greater availability of substitute products 
D)  dominance by a few suppliers

In most industries,new entrants will be a bigger threat because the Internet lowers entry barriers.

Emerging sociocultural changes in the environment include ____________.

SWOT analysis is a basic technique for analyzing firm and industry conditions.Explain the relationship between the SWOT approach to evaluating the general environment,the industry of the firm,and the competitive environment.

Address how Internet and digital technologies affect the Porter five forces.

In the value net analysis,complementors are _________________.

Scanning the general environment would identify information on _______________.

Supplier power has increased because of the Internet for all of the following reasons EXCEPT:

Industries characterized by high economies of scale typically attract fewer new entrants.

The strategic groups in the worldwide automobile industry have been very stable and unchanging in recent years.

The bargaining power of suppliers increases as ____________.

A number of choices government officials make are based on projections about future interest rates.The projections are soft trends.

Two of the key inputs to developing forecasts discussed in the text are:

Explain how competitor intelligence can be improved by gathering information about competitors in the public domain.Provide examples.

Several factors usually interact which result in intense rivalry among competitors.Explain.

An automobile manufacturer acquires a rental car company.This is an example of _____.

Discuss some of the limitations of forecasting.

Which is considered a force in the Five-Forces model?

Firms would be most likely to face intense rivalry with competitors when they _________.

Competition tends to be more intense among firms within a strategic group than between strategic groups.

The bargaining power of suppliers is enhanced under the following market condition:

Strategic Management: Creating Competitiveadvantages

Assessing the Internal Environmentof the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangibleresources

Business-Level Strategy: Creating Andsustaining Competitive Advantages

Corporate-Level Strategy: Creatingvalue Through Diversification

International Strategy: Creating Valuein Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporategovernance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fosteringcorporate Entrepreneurship

Filters

Exam 2: Analyzing the External Environment Ofthe Firm: Creating Competitive Advantages

In most industries,new entrants will be a bigger threat because the Internet lowers entry barriers.

Emerging sociocultural changes in the environment include ____________.

SWOT analysis is a basic technique for analyzing firm and industry conditions.Explain the relationship between the SWOT approach to evaluating the general environment,the industry of the firm,and the competitive environment.

Address how Internet and digital technologies affect the Porter five forces.

In the value net analysis,complementors are _________________.

Scanning the general environment would identify information on _______________.

Supplier power has increased because of the Internet for all of the following reasons EXCEPT:

Industries characterized by high economies of scale typically attract fewer new entrants.

The strategic groups in the worldwide automobile industry have been very stable and unchanging in recent years.

The bargaining power of suppliers increases as ____________.

A number of choices government officials make are based on projections about future interest rates.The projections are soft trends.

Two of the key inputs to developing forecasts discussed in the text are:

Explain how competitor intelligence can be improved by gathering information about competitors in the public domain.Provide examples.

Several factors usually interact which result in intense rivalry among competitors.Explain.

An automobile manufacturer acquires a rental car company.This is an example of _____.

Discuss some of the limitations of forecasting.

Which is considered a force in the Five-Forces model?

Firms would be most likely to face intense rivalry with competitors when they _________.

Competition tends to be more intense among firms within a strategic group than between strategic groups.

The bargaining power of suppliers is enhanced under the following market condition:

Strategic Management: Creating Competitiveadvantages

Assessing the Internal Environmentof the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangibleresources

Business-Level Strategy: Creating Andsustaining Competitive Advantages

Corporate-Level Strategy: Creatingvalue Through Diversification

International Strategy: Creating Valuein Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporategovernance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fosteringcorporate Entrepreneurship

Filters