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149.
In the Five-Forces model, conditions under which a supplier group can be powerful include all
of the following except
150.
Because the Internet lowers barriers to entry in most industries, it
151.
End users are not
152.
Incumbent firms may enjoy increased bargaining power because the Internet
153.
Supplier power has increased because of the Internet for all of the following reasons except
154.
In general, the threat of substitutes is heightened because the Internet
155.
How do infomediaries and consumer information websites increase the intensity of competitive
rivalry?
156.
The value net is a game-theoretic approach that
157.
In the value net analysis, complementors are
158.
Complements are products or services that have a potential impact on the _________ of the
products or services of that company.
159.
Nintendo built a security chip into its game console hardware and then licensed the right to
develop games to outside firms. These firms paid a royalty to Nintendo for each copy of the
game sold. This is an example of Nintendo using _________ products.
160.
The Apple iPod was enormously successful due in large part to the company strategy of using
161.
Elements of the five forces can be quantified. This is important for analyzing industry structure.
Which of the following is not an example of an element that can be quantified?
162.
Strategic groups consist of a group of
163.
Which of the following statements about strategic groups is false?
164.
Strategic groups consist of firms that are more _____ to each other than firms that are not.
165.
Strategic groups are clusters of firms that share __________ strategies.
166.
Classifying an industry into strategic groups involves judgment. If it is useful as an analytical
tool, we must exercise caution in deciding what dimensions to use to map these firms.
Dimensions include
167.
Referring to the textbook Exhibit 2.7 The World Automobile Industry: Strategic Groups, which
strategic group is the largest in terms of breadth of product line?
168.
Referring to the textbook Exhibit 2.7 The World Automobile Industry: Strategic Groups, which
strategic group is the smallest in terms of breadth of product line?
169.
Referring to the textbook Exhibit 2.7 The World Automobile Industry: Strategic Groups, which
strategic group consists of firms high in product pricing/quality and average in their product-
line breadth?
170.
In 2014, Audi introduced the Q3 SUV at a base price of only $32,500. And BMW, with its 1-
series, is another well-known example. Such cars, priced in the low $30,000s, compete more
directly with products from broad-line manufacturers like Ford, General Motors, and Toyota.
This suggests that members of a strategic group can overcome _____ barriers and migrate to
other groups that they find attractive if they are willing to commit time and resources.
171.
The strategic groups concept is valuable for identifying groups with _______ competitive
positions.
172.
The strategic groups concept is valuable for charting the ______ directions of firm strategies.
173.
The strategic groups concept is valuable for assessing the implications of industry ________
for the strategic group as a whole.
