Question 1

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 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

What factors contribute to barriers to entry?

Accepted Answer

Several industry characteristics contrib

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

All of the following are elements of Porter's original five-forces model except ________.

Accepted Answer

A)  degree of rivalry 
B)  buyer power 
C)  complementors 
D)  threat of new entrants 
A)  degree of rivalry 
B)  buyer power 
C)  complementors 
D)  threat of new entrants

Question 6

The more unique markets in similar regions are, the greater the pressure for an industry to globalize.

Accepted Answer

A) True 
 B)False

Question 7

One of the value-chain activities that brings carbonated beverages to market is profit.

Accepted Answer

A) True 
 B)False

Question 8

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 9

In a truly global industry, all but which is the case?

Accepted Answer

A)  the core product is standardized 
B)  the marketing approach is relatively uniform 
C)  the product and services produced are retained locally 
D)  competitive advantage belongs to the firms that can compete worldwide 
A)  the core product is standardized 
B)  the marketing approach is relatively uniform 
C)  the product and services produced are retained locally 
D)  competitive advantage belongs to the firms that can compete worldwide

Question 10

Information provides buyers with power when ________.

Accepted Answer

A)  the focal industry is concentrated 
B)  suppliers have switching costs 
C)  the products are relatively inexpensive 
D)  when products are highly regulated 
A)  the focal industry is concentrated 
B)  suppliers have switching costs 
C)  the products are relatively inexpensive 
D)  when products are highly regulated

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Social influences are stable from country to country.

Accepted Answer

A) True 
 B)False

Question 14

The value curve is a convenient tool that helps managers visualize their competitive landscape. The tool's purpose it is to visually plot ________.

Accepted Answer

A)  the industry leaders over time 
B)  current profit versus loss of major firms 
C)  how major groups of firms are competing 
D)  future projections of profit and loss 
A)  the industry leaders over time 
B)  current profit versus loss of major firms 
C)  how major groups of firms are competing 
D)  future projections of profit and loss

Question 15

If the industry analysis is too exclusive, important threats may be omitted.

Accepted Answer

A) True 
 B)False

Question 16

Industry analysis examines only the competitors in the industry.

Accepted Answer

A) True 
 B)False

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

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

What factors contribute to barriers to entry?

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

All of the following are elements of Porter's original five-forces model except ________.

The more unique markets in similar regions are, the greater the pressure for an industry to globalize.

One of the value-chain activities that brings carbonated beverages to market is profit.

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

In a truly global industry, all but which is the case?

Information provides buyers with power when ________.

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

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

Social influences are stable from country to country.

The value curve is a convenient tool that helps managers visualize their competitive landscape. The tool's purpose it is to visually plot ________.

If the industry analysis is too exclusive, important threats may be omitted.

Industry analysis examines only the competitors in the industry.

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

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

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

What factors contribute to barriers to entry?

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

All of the following are elements of Porter's original five-forces model except ________.

The more unique markets in similar regions are, the greater the pressure for an industry to globalize.

One of the value-chain activities that brings carbonated beverages to market is profit.

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

In a truly global industry, all but which is the case?

Information provides buyers with power when ________.

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

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

Social influences are stable from country to country.

The value curve is a convenient tool that helps managers visualize their competitive landscape. The tool's purpose it is to visually plot ________.

If the industry analysis is too exclusive, important threats may be omitted.

Industry analysis examines only the competitors in the industry.

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