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34.
Which of the following fundamental insights was provided by Porter's five forces
framework from the completion of the Alta Velocidad Española (AVE) in 2008?
35.
Which of the following is a characteristic of a fragmented industry?
36.
When companies that manufacture shipping containers want to buy iron ore, the purchase
decision is solely based on price. This is because there are a large number of sellers in the
iron ore industry, and iron ore is a highly undifferentiated commodity. Which of the
following industry competitive structures does the iron ore industry best illustrate?
37.
Pure Carat Inc. is a company that sells 24-carat gold biscuits to companies that
manufacture jewelry. Since the company operates in an industry where many other
suppliers sell standardized products, it can most likely
38.
In which of the following industry competitive structures do selling firms have the lowest
pricing power?
39.
Which of the following is a feature of a monopolistically competitive industry?
40.
Which of the following is an example of monopolistic competition?
41.
Beans Inc. operates in a perfectly competitive agricultural industry. Classica Apparel Inc.,
in contrast, operates in a monopolistically competitive industry. Keeping this information in
mind, which of the following statements is true?
42.
Corner Market Inc. is a supermarket chain. Due to strong competition from other stores in
the industry, Corner Market has aggressively used branding, pricing, and superior
customer service to uniquely position itself in the market. As a result, the supermarket
chain has been able to differentiate itself from its competitors and sell its products at
higher prices. Which of the following industry competitive structures does this scenario
best illustrate?
43.
Why do firms operating in a monopolistically competitive industry have the power to raise
the prices of their products or services?
44.
Which of the following is a feature of an oligopolistic industry structure?
45.
Eon Inc., Electravia Inc., and FC Inc., the three largest firms in the consumer electronics
industry, hold close to 85 percent of the industry's market share. These companies mainly
compete against each other by providing unique features in their products rather than
pricing them low. These firms are interdependent, and each firm must consider the
strategic actions of its competitors. Which of the following industry competitive structures
does this scenario best illustrate?
46.
A key feature of an oligopoly is that the competing firms
47.
Which of the following strategies will be most detrimental to firms that are close rivals
operating in an oligopolistic industry structure?
48.
Which of the following statements accurately brings out the difference between
monopolistic competition and an oligopoly?
49.
The telecommunication industry of United Canava is primarily dominated by three large
firms: AD Telecom Inc., Mystic Telecom Corp., and Total Talk Inc. Instead of cutting prices
competitively, these firms have resorted to non-price competition through branding and
product differentiation. Which of the following industry competitive structures are these
companies most likely in?
50.
Fadia Ammunition Inc., a firm controlled and managed by the government of Fadia, is the
only company that has the license to produce defense arms in the country. Which of the
following industry competitive structures does this best illustrate?
51.
While Burger Cult Inc. operates in a monopolistically competitive industry, Citizen Telecom
Inc. operates in a monopoly. Keeping this information in mind, which of the following
52.
Which of the following best illustrates a firm operating in a monopolistically competitive
industry?
53.
Rhino Pictures Inc. is a large production company that controls a major portion of the
movie industry's market share along with two other firms. Despite its competitiveness with
the two other firms, it is influenced by their actions and often has to consider their
strategic actions before acting on its own. In this scenario, Rhino Pictures Inc. is most
likely functioning in a(n) _____ industry.
54.
Which type of industry structure is often analyzed using game theory?
55.
Curry Rush is a premium Asian restaurant chain that differentiates itself from a large
number of competitors by providing exclusively organic Vietnamese cuisine. It has some
pricing power because it provides differentiated products and therefore, has some entry
barriers in place. In this scenario, Curry Rush is most likely operating in a(n)
56.
In Rozinia Republic, the federal government owns and manages all the nuclear power
plants. This is because the business would not be profitable if there was more than one
supplier in the nuclear power industry. Which of the following industry competitive
structures does the scenario best illustrate?
57.
How can a firm change its industry structure from monopolistically competitive or
oligopolistic to a near monopoly?
58.
During periods of high industry growth
59.
Demand for traditional fast-food providers such as McDonald's, Burger King, and Wendy's
has been on a decline in recent years. Consumers have become more health conscious
and demand has shifted to alternative restaurants like Subway, Chick-fil-A, and Chipotle.
Attempts by McDonald's and Wendy's to steal customers from one another include
frequent discounting tactics such as dollar menus. Such competitive actions are indicative
of
60.
Competitive rivalry based solely on _____ is destructive to firms as it transfers most of the
value created in the industry to the customers.
61.
When is the rivalry among existing competitors in an industry likely to be more intense?
62.
Which of the following is an implication of high exit barriers in an industry?
63.
Due to economic regression in United Filipia, the profitability of the large conglomerate
Blue Wing Products Inc. (BWP) was poor. An analysis of the company's business showed
that the company could become profitable if it divested a few strategic business units
under its banner. From which of the following businesses would BWP find it most easy to
exit?
