Question 1

The U.S. Department of Transportation categorizes the airline industry into groups that include all but which of the following?

Accepted Answer

A)  commercial 
B)  international 
C)  national 
D)  regional 
A)  commercial 
B)  international 
C)  national 
D)  regional

Question 2

The PESTEL analysis helps managers gain a better understanding of ________.

Accepted Answer

A)  their internal strengths and weaknesses 
B)  the opportunities and threats they face 
C)  the five competitive forces 
D)  stakeholder needs 
A)  their internal strengths and weaknesses 
B)  the opportunities and threats they face 
C)  the five competitive forces 
D)  stakeholder needs

Question 3

Using the carbonated beverage industry, describe the industry value chain.

Accepted Answer

The value-chain activities that bring ca

Question 4

Managers can learn which strategies are rewarded most profitably by studying the industry.

Accepted Answer

A) True 
 B)False

Question 5

Buyer power is shaped by product differentiation, bargaining leverage, and brand identity.

Accepted Answer

A) True 
 B)False

Question 6

Industry concentration is one of the important factors in industry analysis because concentration affects the intensity of ________ in an industry.

Accepted Answer

A)  supply procurement 
B)  hiring efforts 
C)  marketing efforts 
D)  competition 
A)  supply procurement 
B)  hiring efforts 
C)  marketing efforts 
D)  competition

Question 7

Using the five-forces model, explain why Coke and Pepsi both entered the bottling industry.

Accepted Answer

The bottlers represent the buyer industr

Question 8

Governments can make policies that can help or hinder globalization. Examples of decisions that have resulted in a hindrance to globalization include all but which of the following?

Accepted Answer

A)  Spanish railways were purposefully made incompatible with France's railways. 
B)  The European Union mobilized around one cell-phone standard and the U.S. another standard. 
C)  Trade restrictions between China and the U.S. that were not lifted until the 1970s. 
D)  Non-stop flights were implemented between the world's capital cities. 
A)  Spanish railways were purposefully made incompatible with France's railways. 
B)  The European Union mobilized around one cell-phone standard and the U.S. another standard. 
C)  Trade restrictions between China and the U.S. that were not lifted until the 1970s. 
D)  Non-stop flights were implemented between the world's capital cities.

Question 9

According to the I/O approach, the appropriate strategy and key assets are dictated by firm-specific characteristics.

Accepted Answer

A) True 
 B)False

Question 10

Profitability varies widely from industry to industry.

Accepted Answer

A) True 
 B)False

Question 11

The industry-wide effect of the five forces will determine industry attractiveness.

Accepted Answer

A) True 
 B)False

Question 12

What are three of the entry barriers in the carbonated beverage industry?

Accepted Answer

Entry barriers in the carbonat

Question 13

What is supplier power and why is it important?

Accepted Answer

In transactions between industry partici

Question 14

What is an industry?

Accepted Answer

An industry is a firm or group

Question 15

An industry segment may simultaneously play the roles of complementor and competitor.

Accepted Answer

A) True 
 B)False

Question 16

It is not critical to know what industry- and firm-specific factors affect a firm to understand its competitive position.

Accepted Answer

A) True 
 B)False

Question 17

Key success factors can be likened to table stakes in a poker game.

Accepted Answer

A) True 
 B)False

Question 18

When industry profits fall below normal levels, competition usually decreases.

Accepted Answer

A) True 
 B)False

Question 19

Strategic-group analysis helps managers gain a better understanding of ________.

Accepted Answer

A)  their weaknesses 
B)  their competitors 
C)  their suppliers 
D)  their complementors 
A)  their weaknesses 
B)  their competitors 
C)  their suppliers 
D)  their complementors

Question 20

In a truly global industry, competitive strategies are integrated in different international markets.

Accepted Answer

A) True 
 B)False

The U.S. Department of Transportation categorizes the airline industry into groups that include all but which of the following?

The PESTEL analysis helps managers gain a better understanding of ________.

Using the carbonated beverage industry, describe the industry value chain.

Managers can learn which strategies are rewarded most profitably by studying the industry.

Buyer power is shaped by product differentiation, bargaining leverage, and brand identity.

Industry concentration is one of the important factors in industry analysis because concentration affects the intensity of ________ in an industry.

Using the five-forces model, explain why Coke and Pepsi both entered the bottling industry.

Governments can make policies that can help or hinder globalization. Examples of decisions that have resulted in a hindrance to globalization include all but which of the following?

According to the I/O approach, the appropriate strategy and key assets are dictated by firm-specific characteristics.

Profitability varies widely from industry to industry.

The industry-wide effect of the five forces will determine industry attractiveness.

What are three of the entry barriers in the carbonated beverage industry?

What is supplier power and why is it important?

What is an industry?

An industry segment may simultaneously play the roles of complementor and competitor.

It is not critical to know what industry- and firm-specific factors affect a firm to understand its competitive position.

Key success factors can be likened to table stakes in a poker game.

When industry profits fall below normal levels, competition usually decreases.

Strategic-group analysis helps managers gain a better understanding of ________.

In a truly global industry, competitive strategies are integrated in different international markets.

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Examining the Internal Environment: Resources

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters

Exam 4: Exploring the External Environment: Macro Industry and Dynamics

The U.S. Department of Transportation categorizes the airline industry into groups that include all but which of the following?

The PESTEL analysis helps managers gain a better understanding of ________.

Using the carbonated beverage industry, describe the industry value chain.

Managers can learn which strategies are rewarded most profitably by studying the industry.

Buyer power is shaped by product differentiation, bargaining leverage, and brand identity.

Industry concentration is one of the important factors in industry analysis because concentration affects the intensity of ________ in an industry.

Using the five-forces model, explain why Coke and Pepsi both entered the bottling industry.

Governments can make policies that can help or hinder globalization. Examples of decisions that have resulted in a hindrance to globalization include all but which of the following?

According to the I/O approach, the appropriate strategy and key assets are dictated by firm-specific characteristics.

Profitability varies widely from industry to industry.

The industry-wide effect of the five forces will determine industry attractiveness.

What are three of the entry barriers in the carbonated beverage industry?

What is supplier power and why is it important?

What is an industry?

An industry segment may simultaneously play the roles of complementor and competitor.

It is not critical to know what industry- and firm-specific factors affect a firm to understand its competitive position.

Key success factors can be likened to table stakes in a poker game.

When industry profits fall below normal levels, competition usually decreases.

Strategic-group analysis helps managers gain a better understanding of ________.

In a truly global industry, competitive strategies are integrated in different international markets.

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Examining the Internal Environment: Resources

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters