Exam 9: Competitive Analysis and Strategy

According to Michael Porter, which of the following is a narrow market strategy for creating competitive advantage?

According to Michael Porter, one of the major forces influencing competition in an industry is the threat of ________.

One of the barriers that a new entrant to an industry might face is low switching costs.

________ is a major entry barrier where industry leaders convince potential competitors that any market entry effort will be countered with vigorous and unpleasant responses.

According to Hamel and Prahalad, which of the following approaches is being utilized by a company that refuses to follow the practices and regulations set by industry leaders and finds new ways to gain competitive advantage?

According to Michael Porter, which of the following is a barrier to the entry of new companies into an industry?

According to Michael Porter, ________ is based on a firm's decision to carry out a limited number of activities related to delivering a limited product or service.

Firms with high strategic stakes in achieving success in an industry generally are destabilizing because they may be willing to accept unreasonably low profit margins to establish themselves.

The downside of global competition is its impact on the producers of goods and services.

Competition works to drive down the rate of return on invested capital toward the rate that would be earned in a perfectly competitive industry.

The generic strategy used in variety-based positioning is product differentiation.

Basic factors do not lead to sustainable international competitive advantage.

According to Michael Porter, which of the following refers to a country's endowment of resources?

According to Hambrick and Fredrickson, which of the following elements of a strategy represents the competitive advantage of an organization?

The quantity of workers available in a country and their wage levels constitute a nation's knowledge resource factors.

Which of the following production concepts was invented in Japan and gave Japanese automobile companies a knockout advantage in world markets through lower costs and higher quality?

A market environment principally involves economic exchange whereas a nonmarket environment includes regulatory bodies.

The presence of significant domestic rivalry will create complacency in home firms and will eventually cause them to become noncompetitive in the world markets.

A buyer can exert power over a supplier when the supplier's products are highly differentiated.

Buyers enjoy bargaining power when they are willing to achieve backward vertical integration.