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

When an industry is characterized by perfect competition, rivals in the industry will achieve above-average levels of profitability.

(True/False)

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Question 121

Political, technical, and environmental issues are elements of the macro environment.

(True/False)

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Question 122

Supplier power is reduced when firms in the supply industry present a threat of forward integration.

(True/False)

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Question 123

Perfect competition is characterized by perfect information, no barriers to entry, and ________.

(Multiple Choice)

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Question 124

What are the four categories of factors that managers can examine to determine if their industry has globalized or is in the process of globalizing?

(Short Answer)

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Question 125

General conditions of the macro environment can be characterized after PESTL analysis and an assessment of globalization have been completed.

(True/False)

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Question 126

A strategic group is a subset of firms that have similar strategies and capabilities.

(True/False)

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Question 127

The degree of rivalry is influenced by both complement exclusivity and price sensitivity.

(True/False)

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Question 128

Which of the following is characteristic of an industry that is experiencing commoditization?

(Multiple Choice)

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Question 129

PESTEL is an acronym for what?

(Short Answer)

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Question 130

Costs in both the automobile and airframe-manufacturing industries are such that they do not favor globalization.

(True/False)

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Question 131

In the decline phase of the industry life cycle, ________.

(Multiple Choice)

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Question 132

Environmental factors do not contribute to the costs of operating a business.

(True/False)

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Question 133

The external environment in which firms compete exerts a strong influence on firms' profitability.

(True/False)

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Question 134

Globalization has been stimulated in the cell-phone industry as a result of the problem of multiple standards and the entry of large global competitors into the market.

(True/False)

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Question 135

The specific rivals that are most pertinent to strategic-group analysis are ________.

(Multiple Choice)

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Question 136

What goals can be achieved by predicting competitors' behaviors?

(Short Answer)

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Question 137

In the mature phase of the industry life cycle, ________.

(Multiple Choice)

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Question 138

A buyer group's power is directly impacted by its prestige and the size of its orders.

(True/False)

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Question 139

Examples of complementors can include all but which of the following?

(Multiple Choice)

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Question 140

Showing 121 - 140 of 196

When an industry is characterized by perfect competition, rivals in the industry will achieve above-average levels of profitability.

Political, technical, and environmental issues are elements of the macro environment.

Supplier power is reduced when firms in the supply industry present a threat of forward integration.

Perfect competition is characterized by perfect information, no barriers to entry, and ________.

What are the four categories of factors that managers can examine to determine if their industry has globalized or is in the process of globalizing?

General conditions of the macro environment can be characterized after PESTL analysis and an assessment of globalization have been completed.

A strategic group is a subset of firms that have similar strategies and capabilities.

The degree of rivalry is influenced by both complement exclusivity and price sensitivity.

Which of the following is characteristic of an industry that is experiencing commoditization?

PESTEL is an acronym for what?

Costs in both the automobile and airframe-manufacturing industries are such that they do not favor globalization.

In the decline phase of the industry life cycle, ________.

Environmental factors do not contribute to the costs of operating a business.

The external environment in which firms compete exerts a strong influence on firms' profitability.

Globalization has been stimulated in the cell-phone industry as a result of the problem of multiple standards and the entry of large global competitors into the market.

The specific rivals that are most pertinent to strategic-group analysis are ________.

What goals can be achieved by predicting competitors' behaviors?

In the mature phase of the industry life cycle, ________.

A buyer group's power is directly impacted by its prestige and the size of its orders.

Examples of complementors can include all but which of the following?

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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