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

Bottled water has an active market consisting of nearly half of all Americans. It is on track to surpass all but which of the following beverages?

(Multiple Choice)

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Question 101

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

(Essay)

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Question 102

Which of the following is the best example of complementor products?

(Multiple Choice)

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Question 103

What factors tend to increase rivalry?

(Essay)

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Question 104

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

(True/False)

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Question 105

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

(True/False)

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Question 106

The presence of strong complementors typically works to decrease industry profitability.

(True/False)

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Question 107

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

(True/False)

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Question 108

Both the PESTEL and SWOT analyses help managers gain a better understanding of the opportunities and threats they face.

(True/False)

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Question 109

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 110

Supplier power is the degree to which firms in the supply industry are able to dictate favorable contract terms.

(True/False)

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Question 111

How can managers best determine if their industries have globalized or are in the process of globalizing?

(Essay)

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Question 112

Barriers that place a high cost on the abandonment of a market are called ________.

(Multiple Choice)

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Question 113

A substitute is any product that satisfies a common interest.

(True/False)

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Question 114

Porter's five-forces model identifies forces that determine the basic structure of an industry.

(True/False)

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Question 115

The best information concerning industry technological factors could be gathered by answering which of the following questions?

(Multiple Choice)

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Question 116

From the standpoint of access to raw materials, the environment has long been a factor in firm strategy.

(True/False)

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Question 117

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

(True/False)

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Question 118

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 119

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

(Multiple Choice)

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Question 120

Showing 101 - 120 of 196

Bottled water has an active market consisting of nearly half of all Americans. It is on track to surpass all but which of the following beverages?

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

Which of the following is the best example of complementor products?

What factors tend to increase rivalry?

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

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

The presence of strong complementors typically works to decrease industry profitability.

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

Both the PESTEL and SWOT analyses help managers gain a better understanding of the opportunities and threats they face.

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?

Supplier power is the degree to which firms in the supply industry are able to dictate favorable contract terms.

How can managers best determine if their industries have globalized or are in the process of globalizing?

Barriers that place a high cost on the abandonment of a market are called ________.

A substitute is any product that satisfies a common interest.

Porter's five-forces model identifies forces that determine the basic structure of an industry.

The best information concerning industry technological factors could be gathered by answering which of the following questions?

From the standpoint of access to raw materials, the environment has long been a factor in firm strategy.

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

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

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

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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