Question 1

A technological change such as the rise of the Internet can represent either an opportunity or a threat.

Accepted Answer

A) True 
 B)False

Question 2

Cosmetics makers focus on the unique needs of customers of different ages.The cosmetics makers recognize the importance of

Accepted Answer

A) shifting industry boundaries. 
B) the threat of new entrants. 
C) sectors. 
D) market segments. 
E) substitutes. 
A) shifting industry boundaries. 
B) the threat of new entrants. 
C) sectors. 
D) market segments. 
E) substitutes.

Question 3

Intense rivalry lowers prices and raises costs.

Accepted Answer

A) True 
 B)False

Question 4

The Internet is an example of a

Accepted Answer

A) technological force. 
B) social force. 
C) political and legal force. 
D) demographic force. 
E) global force. 
A) technological force. 
B) social force. 
C) political and legal force. 
D) demographic force. 
E) global force.

Question 5

In general,the more that an industry's product is like a commodity,the lower the intensity of any price war that may develop.

Accepted Answer

A) True 
 B)False

Question 6

Anheuser Busch,because it dominates the mass-market beer segment,does not complete with micro-brewers.

Accepted Answer

A) True 
 B)False

Question 7

Growth industries

Accepted Answer

A) typically suffer from high mobility barriers. 
B) tend to be characterized by weak rivalry. 
C) have high rivalry among established companies. 
D) increase prices because customers are more aware of the industry's product. 
E) provide economies of scale to existing companies. 
A) typically suffer from high mobility barriers. 
B) tend to be characterized by weak rivalry. 
C) have high rivalry among established companies. 
D) increase prices because customers are more aware of the industry's product. 
E) provide economies of scale to existing companies.

Question 8

In determining its opportunities and threats,a firm should focus on internal processes and capabilities.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not one of the factors in the economic forces of the macroenvironment?

Accepted Answer

A) Interest rates 
B) Inflation 
C) Regulation 
D) Currency exchange rates 
E) Economic growth rate 
A) Interest rates 
B) Inflation 
C) Regulation 
D) Currency exchange rates 
E) Economic growth rate

Question 10

In Porter's framework,the stronger the five forces,the more limited the ability of established companies to raise prices and earn greater profits.

Accepted Answer

A) True 
 B)False

Question 11

One of the key factors in the success of Walmart is the buying power gained by dealing directly with manufacturers.

Accepted Answer

A) True 
 B)False

Question 12

Brand loyalty may be created by

Accepted Answer

A) continuous advertising. 
B) patent protection of products. 
C) product innovation achieved through company research and development. 
D) emphasis on high product quality. 
E) all of these choices. 
A) continuous advertising. 
B) patent protection of products. 
C) product innovation achieved through company research and development. 
D) emphasis on high product quality. 
E) all of these choices.

Question 13

Historically,government reputation has

Accepted Answer

A) encouraged new entrants into an industry. 
B) constituted a major entry barrier into major industries. 
C) neither hampered nor encouraged new entrants into an industry. 
D) encouraged the growth of new companies. 
E) none of these choices. 
A) encouraged new entrants into an industry. 
B) constituted a major entry barrier into major industries. 
C) neither hampered nor encouraged new entrants into an industry. 
D) encouraged the growth of new companies. 
E) none of these choices.

Question 14

An industry can be defined as a group of

Accepted Answer

A) companies offering products or services that are close substitutes for each other. 
B) twenty or more companies offering products or services that are close substitutes for each other. 
C) companies. 
D) companies that offer dissimilar products or services. 
E) companies that offer products or services to dissimilar customers. 
A) companies offering products or services that are close substitutes for each other. 
B) twenty or more companies offering products or services that are close substitutes for each other. 
C) companies. 
D) companies that offer dissimilar products or services. 
E) companies that offer products or services to dissimilar customers.

Question 15

Rivalry refers to

Accepted Answer

A) competition. 
B) the intensity of competition among established companies within an industry. 
C) a struggle among firms using price,product design,and advertising. 
D) all of these choices 
E) none of these choices. 
A) competition. 
B) the intensity of competition among established companies within an industry. 
C) a struggle among firms using price,product design,and advertising. 
D) all of these choices 
E) none of these choices.

Question 16

Members of a strategic group

Accepted Answer

A) compete directly with members of other strategic groups. 
B) are affected by Porter's five competitive forces to the same degree that members of other strategic groups are affected. 
C) follow a business model that is similar to that pursued by other companies in the group. 
D) earn the same rate of return. 
E) move easily to other groups as desired. 
A) compete directly with members of other strategic groups. 
B) are affected by Porter's five competitive forces to the same degree that members of other strategic groups are affected. 
C) follow a business model that is similar to that pursued by other companies in the group. 
D) earn the same rate of return. 
E) move easily to other groups as desired.

Question 17

High tech industries are often dependent on complementor industries for their mutual success.

Accepted Answer

A) True 
 B)False

Question 18

Over the last few decades,the United States steel industry has become less concentrated.

Accepted Answer

A) True 
 B)False

Question 19

When the value of the dollar is low compared with the value of other currencies,products made in the United States are relatively inexpensive and products made overseas are relatively expensive.

Accepted Answer

A) True 
 B)False

Question 20

Strong brand loyalty and high customer switching costs are low barriers to entering an industry.

Accepted Answer

A) True 
 B)False

A technological change such as the rise of the Internet can represent either an opportunity or a threat.

Cosmetics makers focus on the unique needs of customers of different ages.The cosmetics makers recognize the importance of

Intense rivalry lowers prices and raises costs.

The Internet is an example of a

In general,the more that an industry's product is like a commodity,the lower the intensity of any price war that may develop.

Anheuser Busch,because it dominates the mass-market beer segment,does not complete with micro-brewers.

Growth industries

In determining its opportunities and threats,a firm should focus on internal processes and capabilities.

Which of the following is not one of the factors in the economic forces of the macroenvironment?

In Porter's framework,the stronger the five forces,the more limited the ability of established companies to raise prices and earn greater profits.

One of the key factors in the success of Walmart is the buying power gained by dealing directly with manufacturers.

Brand loyalty may be created by

Historically,government reputation has

An industry can be defined as a group of

Rivalry refers to

Members of a strategic group

High tech industries are often dependent on complementor industries for their mutual success.

Over the last few decades,the United States steel industry has become less concentrated.

When the value of the dollar is low compared with the value of other currencies,products made in the United States are relatively inexpensive and products made overseas are relatively expensive.

Strong brand loyalty and high customer switching costs are low barriers to entering an industry.

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters

Exam 2: External Analysis: The Identification of Opportunities and Threats

A technological change such as the rise of the Internet can represent either an opportunity or a threat.

Cosmetics makers focus on the unique needs of customers of different ages.The cosmetics makers recognize the importance of

Intense rivalry lowers prices and raises costs.

The Internet is an example of a

In general,the more that an industry's product is like a commodity,the lower the intensity of any price war that may develop.

Anheuser Busch,because it dominates the mass-market beer segment,does not complete with micro-brewers.

Growth industries

In determining its opportunities and threats,a firm should focus on internal processes and capabilities.

Which of the following is not one of the factors in the economic forces of the macroenvironment?

In Porter's framework,the stronger the five forces,the more limited the ability of established companies to raise prices and earn greater profits.

One of the key factors in the success of Walmart is the buying power gained by dealing directly with manufacturers.

Brand loyalty may be created by

Historically,government reputation has

An industry can be defined as a group of

Rivalry refers to

Members of a strategic group

High tech industries are often dependent on complementor industries for their mutual success.

Over the last few decades,the United States steel industry has become less concentrated.

When the value of the dollar is low compared with the value of other currencies,products made in the United States are relatively inexpensive and products made overseas are relatively expensive.

Strong brand loyalty and high customer switching costs are low barriers to entering an industry.

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters