Exam 3: Evaluating a Companys External Environment

A competitive environment where there is weak to moderate rivalry among sellers,high entry barriers,weak competition from substitute products,and little bargaining leverage on the part of both suppliers and customers

The competitive pressures from substitute products tend to be stronger when

Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as

Which of the following is not a relevant consideration in identifying an industry's dominant economic features?

Identify two benefits of constructing a strategic group map.

Identify and briefly describe five common barriers to entering an industry.

Identify five factors that tend to weaken the intensity of competitive rivalry among an industry's member firms.

Which one of the following is not a factor that affects the strength of supplier bargaining power?

The most powerful of the five competitive forces is usually

In which one of the following instances is supplier bargaining power and leverage not weakened?

In which of the following circumstances are competitive pressures associated with the bargaining power of buyers not relatively strong?

In identifying an industry's key success factors,strategists should

Driving forces analysis

A strategic group

Identify and briefly explain any three factors that lead to strong bargaining power on the part of buyers.

The competitive threat that outsiders will enter a market is weaker when

An industry's key success factors

Which of the following is not a good example of a substitute product that triggers stronger competitive pressures?

Identify three factors that affect whether an industry does or does not present a company with a good business opportunity?

Identify and briefly explain any two of the factors that influence the strength of competition from substitute products.