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64.
Peerless Inc., a large conglomerate, wants to liquidate its business in certain industries to
improve its overall profitability. Which of the following industries would Peerless Inc. find it
most difficult to exit?
65.
A company is best described as a _____ to an existing company if customers value the
existing company's product or service offering more when they are able to combine it with
the other company's product or service.
66.
Which of the following forces was
not
originally a part of Michael Porter's fives forces
model?
67.
Which of the following firms will most likely
not
be a complementor to a firm that
manufactures computers?
68.
In the smartphone industry, Google is a complementor to Samsung. Which of the following
statements best explains why this is true?
69.
Shield Autos Inc. has newly launched a luxury car into the European market. Which of the
following would most likely
not
be a complement to the car?
70.
In which of the following situations is the power of suppliers high in an industry?
71.
In an industry, the rivalry among existing competitors is high when
72.
_____ is best described as cooperation by competitors to achieve a strategic objective.
73.
Samsung and Google cooperate as complementors to compete against Apple's strong
position in the mobile device industry, while at the same time Samsung and Google are
increasingly becoming competitive with one another. This scenario best illustrates the
process of
74.
Which of the following is a drawback of Porter's five forces model?
75.
Which of the following statements with regard to industry structures is true?
76.
A fragmented industry is made into a consolidated industry through
77.
Which of the following is likely to happen due to horizontal mergers between competitors
such as Delta and Northwest airlines?
78.
Earlier, the travel industry was controlled by a few large travel companies that booked
holidays, air tickets, bus tickets, and hotels for their customers. However, with the
emergence of the Internet, smaller travel agencies started mushrooming in the industry
and customers started making their own reservations. Which of the following can be
inferred from this information?
79.
Industry convergence is a process whereby
80.
With the emergence of smartphones, users no longer have to carry a separate music
player, a video game, a laptop, or a magazine to keep themselves entertained when
traveling. A smartphone is loaded with a variety of applications to satisfy all the customer
needs that different industries or products individually satisfied earlier. As a result, the
smartphone industry has been posing a threat to a lot of other unrelated industries. What
is this phenomenon best known as?
81.
A strategic group will typically include
82.
Companies in the same strategic group are _____ to each other.
83.
Home Savings, Good Deals, Hank's Store, and King Bargains are all departmental stores
that compete for advantage against each other through everyday low-pricing and
discounts on bulk purchases. All four stores cater to the needs of highly price-sensitive
customers. Thus, together Home Savings, Good Deals, Hank's Store, and King Bargains
form a
84.
Golden Harvest is a restaurant located inside a five-star hotel. It caters mainly to
customers who are concerned about quality dining rather than the prices. In this scenario,
which of the following will be a part of Golden Harvest's strategic group?
85.
Which of the following statements is true about strategic groups?
86.
Go West Airlines Inc. follows a cost-leadership strategy. Which of the following firms will
most likely be its direct competitor?
87.
While implementing strategic group mapping for the U.S. domestic airline industry, two
strategic groups become apparent: low-cost, point-to-point airlines (Virgin Atlantic, Alaska
Airlines, JetBlue, and Southwest Airlines) versus differentiated airlines using a hub-and-
spoke system (American, Delta, and United). Which of the following statements is true
about these two strategic groups?
