A) involves identifying the driving forces,assessing whether their impact will make the industry more or less attractive,and determining what strategy changes a company may need to make to prepare for the impact of the driving forces.
B) identifies which strategic group is the most powerful.
C) helps managers identify which industry member is likely to become (or remain) the industry leader and why.
D) helps managers identify which key success factors are most likely to help their company gain a competitive advantage.
E) helps managers identify which of the five competitive forces will be the strongest driver of industry change.
Correct Answer
verified
Correct Answer
verified
A) buyers are relatively comfortable with the quality and performance of substitutes,and the costs to buyers of switching over to the substitutes are low.
B) there are more than 10 sellers of substitute products.
C) substitutes exhibit the latest in technological innovation.
D) buyers have high psychic costs in severing existing brand relationships and establishing new ones.
E) demand for the industry's product is not very price sensitive.
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
Questions include: (1)Do macroenvironmen...View Answer
Correct Answer
verified
View Answer
A) When industry members pose a credible threat of backward integration into the business of suppliers
B) When the cost of switching from one supplier to another is low
C) When the buying firms purchase in large quantities and thus are important customers of the suppliers
D) When the item being supplied is a commodity
E) When the items purchased from suppliers are in short supply
Correct Answer
verified
Correct Answer
verified
A) developing a comprehensive list of all the potential causes of changing industry conditions.
B) predicting which new driving forces will emerge next.
C) making it difficult to achieve a competitive advantage via anything other than being the industry's low-cost leader.
D) identifying the driving forces,assessing whether their impact will make the industry more or less attractive,and determining what strategy changes are needed to prepare for the impact of the driving forces.
E) discerning which among the five competitive forces is most potent and which is least potent.
Correct Answer
verified
Correct Answer
verified
A) the number of buyers is small,such that each customer's business tends to be particularly important to a seller.
B) buyer demand is growing slowly or maybe even declining.
C) the costs incurred by buyers in switching to competing brands or to substitute products are relatively high.
D) buyers are well informed about sellers' products,prices,and costs.
E) the buyer group consists of a few large buyers and the seller group consists of numerous small firms.
Correct Answer
verified
Correct Answer
verified
A) are generally determined by competitive pressures,the sizes of strategic groups,and the power of rival firms' competitive strategies.
B) generally act in ways that will strengthen or weaken market demand,make competition more or less intense,and lead to higher or lower industry profitability.
C) frequently cause a leveling off of industry growth and a reduction in the bargaining power of buyers.
D) are normally triggered by ups and downs in the economy,higher or lower inflation rates,higher or lower interest rates,or important new strategic alliances.
E) can be triggered by such factors as growing competitive pressures from substitute products,greater seller-supplier collaboration,and the efforts of rival firms to employ new or different offensive strategies.
Correct Answer
verified
Correct Answer
verified
A) When industry members pose a credible threat of backward integration into the business of suppliers
B) When sales to a strategic partner constitute a big percentage of their total sales
C) When the items purchased from suppliers are in short supply
D) When the buying firms purchase in large quantities and thus are important customers of the suppliers
E) When the cost of switching from one supplier to another is low
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
Rivalry determinants associated with wea...View Answer
Correct Answer
verified
View Answer
Correct Answer
verified
A strategic group consists of those indu...View Answer
Correct Answer
verified
View Answer
A) Tesla and ZipCar announce a joint venture for electric automobile sharing services.
B) Amazon launches a mobile delivery service via drones.
C) Apple and Ford launch a global network of autonomous driverless cars,buses,and trucks on demand via a mobile app.
D) Greyhound develops and markets a mobile app for customers to purchase intercity bus tickets.
E) Yellow Cab company launches mobile app campaigns for community-connection and awareness.
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
Driving forces analysis consists of not ...View Answer
Correct Answer
verified
View Answer
Correct Answer
verified
Michael E.Porter's four indicators of a ...View Answer
Correct Answer
verified
View Answer
A) When buyers are unlikely to integrate backward into the business of sellers
B) When buyers are well informed about sellers' products,prices,and costs
C) When the costs incurred by buyers in switching to competing brands or to substitute products are relatively low
D) When buyers have the ability to postpone purchases if they do not like the prices offered by sellers
E) When buyers are few in number and/or often purchase in large quantities
Correct Answer
verified
Correct Answer
verified
A) Changes in the long-term industry growth rate,the entry or exit of major firms,and changes in cost and efficiency
B) Increasing globalization of the industry and product innovation
C) New Internet technology applications,new government regulations,and significant changes in government policy toward the industry
D) Mounting competition from substitutes and increasing efforts to collaborate with suppliers via strategic alliances
E) Changes in who buys the industry's product and how they use it
Correct Answer
verified
Correct Answer
verified
A) PESTEL analysis
B) SWOT analysis
C) Financial ratio analysis
D) Strategic group mapping
E) Porter's five-force model
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
An industry's KSFs are those competitive...View Answer
Correct Answer
verified
View Answer
A) identifies who the industry's current market share leaders are.
B) helps a company to anticipate what moves rivals are likely to make next and to craft its own strategic moves.
C) helps identify which rival is in which strategic group.
D) enables company managers to determine which rival has the worst strategy and how to avoid making the same strategy mistakes.
E) enables more accurate predictions about how long it will take a particular rival to copy most of what the strategy leader is doing.
Correct Answer
verified
Correct Answer
verified
A) Market size,growth rate,and prospects
B) Scope of competitive rivalry including geographic area
C) Market demand-supply conditions
D) Strength of both driving forces and competitive forces
E) Role and pace of technological change
Correct Answer
verified
Correct Answer
verified
A) whether the available substitutes are strongly or weakly differentiated and whether buyers make purchases frequently or infrequently.
B) whether attractively priced substitutes are readily available and the ease with which buyers can switch to substitutes.
C) whether the available substitutes are products or services.
D) whether the producers of substitutes have ample budgets for new product R&D.
E) the speed with which buyer needs and expectations are changing.
Correct Answer
verified
Correct Answer
verified
Showing 61 - 80 of 83
Related Exams