Chapter 03 Evaluating a Company’s External Environment Answer Key
Multiple Choice Questions
1.
A company’s broad “macro-environment” refers to
2.
Which one of the following is
not
part of a company’s broad macro-environment?
3.
Which of the following is
not
a major question to ask in thinking strategically about industry
and competitive conditions in a given industry?
4.
Thinking strategically about industry and competitive conditions in a given industry involves
evaluating such considerations as
5.
Which of the following is
not
a factor to consider in identifying an industry’s dominant
economic features?
6.
Which of the following is
not
a relevant consideration in identifying an industry’s dominant
economic features?
7.
The state of competition in an industry is a function of
8.
The nature and strength of the competitive forces that prevail in an industry is generally a
joint product of the
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Blooms: Understand
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Learning Objective: 03-02 Recognize the factors that cause competition in an industry to be fierce, more or less normal, or
relatively weak.
Topic: How Strong are the Industry’s Competitive Forces?
9.
Which of the following is
not
one of the five typical sources of competitive pressures?
Topic: How Strong are the Industry’s Competitive Forces?
10.
Whether buyer bargaining power poses a strong or weak source of competitive pressure on
industry members depends in part on
11.
Competitive pressures stemming from buyer bargaining power tend to be weaker when
12.
Which of the following conditions acts to weaken buyer bargaining power?
13.
Which of the following is
not
a factor that causes buyer bargaining power to be stronger?
14.
In which of the following circumstances are competitive pressures associated with the
bargaining power of buyers not relatively strong?
15.
Which of the following factors is
not
a relevant consideration in judging whether buyer
bargaining power is relatively strong or relatively weak?
16.
The competitive pressures from substitute products tend to be stronger when
17.
Just how strong the competitive pressures are from substitute products depends on
18.
Which of the following is
not
a good example of a substitute product that triggers stronger
competitive pressures?
19.
In which of the following instances are industry members
not
subject to stronger competitive
pressures from substitute products?
20.
Whether supplier-seller relationships in an industry represent a strong or weak source of
competitive pressure is a function of
21.
The bargaining leverage of suppliers is greater when
22.
In which one of the following instances is supplier bargaining power and leverage
not
weakened?
23.
Which one of the following is
not
a factor that affects the strength of supplier bargaining
power?
24.
Which one of the following is
not
a reason industry members are often motivated to enter into
collaborative partnerships with key suppliers?
25.
Which one of the following does
not
intensify the competitive pressures associated with the
threat of entry?