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

Coke and PepsiCo have increased market share by about 11% since the mid-1960s. Much of this profitability can be explained by all except ________.

(Multiple Choice)

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Question 61

The five-forces model identifies the basic structure of an industry and is used to study its characteristics. One of the elements in the component, called "threat of new entrants," contains ________.

(Multiple Choice)

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Question 62

The stability of the political environment is particularly important for companies entering new markets.

(True/False)

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Question 63

The insights that help managers analyze an industry originate in a discipline called ________.

(Multiple Choice)

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Question 64

Price competition tends to be more intense when the industry is a secondary industry for the major competitors in that industry.

(True/False)

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Question 65

The desire for leisure can be satisfied by either romance novels or mystery books because they are substitute products.

(True/False)

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Question 66

The industry environment has strategic groups that seem to be more similar in certain ways than other members of the larger industry. Which of the following strategic groups least fit this definition?

(Multiple Choice)

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Question 67

Imperfect competition is characterized in part by numerous suppliers and buyers.

(True/False)

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Question 68

Price competition tends to be more fierce in industries that are ________.

(Multiple Choice)

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Question 69

Age and lifespan demographics may be critical sociocultural factors in a successful business.

(True/False)

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Question 70

Imperfect competition is characterized by few competitors, heterogeneous products, and ________.

(Multiple Choice)

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Question 71

What is the value curve is and why is it important?

(Essay)

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Question 72

Globalization has occurred in many industries because ________.

(Multiple Choice)

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Question 73

What are the four questions managers should ask when analyzing the firm's external environment?

(Short Answer)

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Question 74

The threat of new entrants is greater when there are no switching costs.

(True/False)

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Question 75

Concentration ratios teach us that industry dynamics are predominantly similar across various sectors of the same industry.

(True/False)

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Question 76

Process technologies refer to the devices, tools, and ________ used to transform inputs into outputs.

(Multiple Choice)

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Question 77

How can technology impact the threats and opportunities a firm encounters?

(Essay)

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Question 78

How managers define an industry is critical to the formulation of a strategy for competing in it.

(True/False)

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Question 79

What are some possible explanations for the increasing globalization of industries?

(Short Answer)

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Question 80

Showing 61 - 80 of 196

Coke and PepsiCo have increased market share by about 11% since the mid-1960s. Much of this profitability can be explained by all except ________.

The five-forces model identifies the basic structure of an industry and is used to study its characteristics. One of the elements in the component, called "threat of new entrants," contains ________.

The stability of the political environment is particularly important for companies entering new markets.

The insights that help managers analyze an industry originate in a discipline called ________.

Price competition tends to be more intense when the industry is a secondary industry for the major competitors in that industry.

The desire for leisure can be satisfied by either romance novels or mystery books because they are substitute products.

The industry environment has strategic groups that seem to be more similar in certain ways than other members of the larger industry. Which of the following strategic groups least fit this definition?

Imperfect competition is characterized in part by numerous suppliers and buyers.

Price competition tends to be more fierce in industries that are ________.

Age and lifespan demographics may be critical sociocultural factors in a successful business.

Imperfect competition is characterized by few competitors, heterogeneous products, and ________.

What is the value curve is and why is it important?

Globalization has occurred in many industries because ________.

What are the four questions managers should ask when analyzing the firm's external environment?

The threat of new entrants is greater when there are no switching costs.

Concentration ratios teach us that industry dynamics are predominantly similar across various sectors of the same industry.

Process technologies refer to the devices, tools, and ________ used to transform inputs into outputs.

How can technology impact the threats and opportunities a firm encounters?

How managers define an industry is critical to the formulation of a strategy for competing in it.

What are some possible explanations for the increasing globalization of industries?

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

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