Question 1

Managers analyze strategic groups in order to ________.

Accepted Answer

A)  get a more detailed look at the competitive environment 
B)  identify growth opportunities 
C)  identify future competition 
D)  all of the above 
A)  get a more detailed look at the competitive environment 
B)  identify growth opportunities 
C)  identify future competition 
D)  all of the above

Question 2

Several factors influence the threat from new entrants including economies of scale, brand identity, and ________.

Accepted Answer

A)  switching costs 
B)  buyer volume 
C)  price sensitivity 
D)  supplier concentration 
A)  switching costs 
B)  buyer volume 
C)  price sensitivity 
D)  supplier concentration

Question 3

Findings that can result in a firm deciding to globalize include all but which of the following?

Accepted Answer

A)  wages are significantly lower in another location 
B)  logistics to bring raw materials to the firm's location are difficult 
C)  a pool of skilled workers is available elsewhere 
D)  it is more cost effective to use local labor 
A)  wages are significantly lower in another location 
B)  logistics to bring raw materials to the firm's location are difficult 
C)  a pool of skilled workers is available elsewhere 
D)  it is more cost effective to use local labor

Question 4

Factors that tend to increase rivalry include attributes about firms within the industry and attributes about the products or markets.

Accepted Answer

A) True 
 B)False

Question 5

Growth of local and foreign national economies and exchange rates are critical economic factors.

Accepted Answer

A) True 
 B)False

Question 6

Industry analysis includes all of a firm's key external stakeholders.

Accepted Answer

A) True 
 B)False

Question 7

High research and development costs, interdependent countries, and common marketing regulations represent pressures that would discourage industry globalization.

Accepted Answer

A) True 
 B)False

Question 8

Key success factors would satisfy the value criteria of the VRINE model but not the rareness criteria.

Accepted Answer

A) True 
 B)False

Question 9

Explain what complementors are and how they affect the business environment.

Accepted Answer

Sometimes players work together to creat

Question 10

The value-chain activities that bring carbonated beverages to market are centered on four functions that include production, marketing, packaging, and ________.

Accepted Answer

A)  distribution 
B)  manufacturing 
C)  selling 
D)  bottling 
A)  distribution 
B)  manufacturing 
C)  selling 
D)  bottling

Question 11

A special and intensive case of technological change in action is known as a technological discontinuity.

Accepted Answer

A) True 
 B)False

Question 12

What are the primary entry barriers in the soft drink industry?

Accepted Answer

Entry barriers in the soft dri

Question 13

Carbonated beverages such as Coke and Pepsi are brought to market after four functions have been performed. These functions include all but which of the following?

Accepted Answer

A)  distributing products for resale 
B)  producing concentrate 
C)  marketing a portfolio of brands 
D)  performing financial analysis 
A)  distributing products for resale 
B)  producing concentrate 
C)  marketing a portfolio of brands 
D)  performing financial analysis

Question 14

The concentration ratio represents the combined revenues of the largest industry participants as a ratio of total industry sales.

Accepted Answer

A) True 
 B)False

Question 15

The legal and political environments are often interrelated in that laws and regulations only change when politicians decide the changes are necessary.

Accepted Answer

A) True 
 B)False

Question 16

Fragmented markets are more difficult to enter than concentrated markets.

Accepted Answer

A) True 
 B)False

Question 17

There are several questions managers should ask themselves when analyzing the firm's external context. These questions include all but which of the following?

Accepted Answer

A)  What are the macro environmental conditions? 
B)  What appear to be unstoppable trends? 
C)  What is the firm's industry? 
D)  How can we streamline internal processes? 
A)  What are the macro environmental conditions? 
B)  What appear to be unstoppable trends? 
C)  What is the firm's industry? 
D)  How can we streamline internal processes?

Question 18

How does globalization impact a firm's strategy?

Accepted Answer

Globalization entails much more than a c

Question 19

What are the fundamental characteristics of an industry?

Accepted Answer

The fundamental characteristic

Question 20

Many popular U.S. brands have benefited from increasing levels of consumerism in other countries.

Accepted Answer

A) True 
 B)False

Managers analyze strategic groups in order to ________.

Several factors influence the threat from new entrants including economies of scale, brand identity, and ________.

Findings that can result in a firm deciding to globalize include all but which of the following?

Factors that tend to increase rivalry include attributes about firms within the industry and attributes about the products or markets.

Growth of local and foreign national economies and exchange rates are critical economic factors.

Industry analysis includes all of a firm's key external stakeholders.

High research and development costs, interdependent countries, and common marketing regulations represent pressures that would discourage industry globalization.

Key success factors would satisfy the value criteria of the VRINE model but not the rareness criteria.

Explain what complementors are and how they affect the business environment.

The value-chain activities that bring carbonated beverages to market are centered on four functions that include production, marketing, packaging, and ________.

A special and intensive case of technological change in action is known as a technological discontinuity.

What are the primary entry barriers in the soft drink industry?

Carbonated beverages such as Coke and Pepsi are brought to market after four functions have been performed. These functions include all but which of the following?

The concentration ratio represents the combined revenues of the largest industry participants as a ratio of total industry sales.

The legal and political environments are often interrelated in that laws and regulations only change when politicians decide the changes are necessary.

Fragmented markets are more difficult to enter than concentrated markets.

There are several questions managers should ask themselves when analyzing the firm's external context. These questions include all but which of the following?

How does globalization impact a firm's strategy?

What are the fundamental characteristics of an industry?

Many popular U.S. brands have benefited from increasing levels of consumerism in other countries.

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

Managers analyze strategic groups in order to ________.

Several factors influence the threat from new entrants including economies of scale, brand identity, and ________.

Findings that can result in a firm deciding to globalize include all but which of the following?

Factors that tend to increase rivalry include attributes about firms within the industry and attributes about the products or markets.

Growth of local and foreign national economies and exchange rates are critical economic factors.

Industry analysis includes all of a firm's key external stakeholders.

High research and development costs, interdependent countries, and common marketing regulations represent pressures that would discourage industry globalization.

Key success factors would satisfy the value criteria of the VRINE model but not the rareness criteria.

Explain what complementors are and how they affect the business environment.

The value-chain activities that bring carbonated beverages to market are centered on four functions that include production, marketing, packaging, and ________.

A special and intensive case of technological change in action is known as a technological discontinuity.

What are the primary entry barriers in the soft drink industry?

Carbonated beverages such as Coke and Pepsi are brought to market after four functions have been performed. These functions include all but which of the following?

The concentration ratio represents the combined revenues of the largest industry participants as a ratio of total industry sales.

The legal and political environments are often interrelated in that laws and regulations only change when politicians decide the changes are necessary.

Fragmented markets are more difficult to enter than concentrated markets.

There are several questions managers should ask themselves when analyzing the firm's external context. These questions include all but which of the following?

How does globalization impact a firm's strategy?

What are the fundamental characteristics of an industry?

Many popular U.S. brands have benefited from increasing levels of consumerism in other countries.

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