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

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

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

Using the five-forces model, explain why Coke and Pepsi both entered the bottling industry.

Industry concentration is one of the important factors in industry analysis because concentration affects the intensity of ________ in an industry.

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

Strategic-group analysis helps managers gain a better understanding of ________.

All of the following are examples of economic factors except ________.

The objective of mapping strategic groups is to identify ________.

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

Suppliers are powerful when they control such factors as prices, delivery lead times, and ________.

Unemployment rates can have a strong impact on strategy.

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

Attitudes toward consumerism, environmentalism, and the roles of men and women in a local society are examples of what type of factors?

Bottled water is on track to surpass soft drinks as the best-selling beverage in the United States.

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

What are the components of the five-forces model of industry structure?

SWOT is a simple tool that can be used to develop an understanding of a firm's external environment.

Explain the threat of substitutes for Blockbuster, the movie-rental business.

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

Industries with consistently higher than average profitability are usually characterized by low entry barriers.