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88.
_____ are best described as industry-specific factors that separate one strategic group
from another.
89.
When applying the five forces model, the first step should ideally be
90.
The final step in industry analysis is to
91.
While industry forces have been favorable for a long time in the U.S. automotive industry,
recent dynamics have lowered the profit potential of competing in this industry and thus
reduced its attractiveness. The continued success of Tesla Motors in the industry will
depend on other firm and industry factors. Which of the following represents one such
factor that directly affects Tesla Motors?
92.
How is a firm's task environment different from its general environment?
93.
Which of the following is a macroeconomic factor that can affect a firm's strategy?
94.
How do low interest rates affect a business?
95.
Which of the following is the best characterization of sociocultural forces?
96.
Quick Market Inc. is a food supply company that wants to sell its products directly to
consumers through mail order instead of going through supermarkets and other stores.
However, supermarket chains want to make this transaction either illegal or more difficult
for Quick Market. To accomplish this, they are using _______ to influence the political
process.
97.
Which of the following statements about Porter's five forces model is accurate?
98.
Five years ago, Palomino Airline was able to get a strong foothold in the airline industry by
hiring a few pilots and crew and renting two airplanes, which flew routes between Denver,
99.
How did Virgin America enter the airline industry despite the industry's notoriously low
profitability?
100.
What is the rule of thumb behind Porter's five forces model?
101.
A new company named Far Reach Inc. entered the radio retail business. In response, two
incumbent radio retailers, Smooth Waves and Clear Signal, lowered the cost of their travel
alarm radios and long-distance radios. Also, they spent more money to improve these
radios. By doing this, Smooth Waves and Clear Signal
102.
What are network effects?
103.
Competitive industry structure refers to elements and features common to
104.
An industry has many firms that compete in it. While products between competitors tend
to be similar, they are by no means identical. As a consequence, managers selling a
product with unique features tend to have some ability to raise prices. This type of
industry is an example of
105.
Which of the following is an accurate statement about near monopolies?
106.
SooGood Inc. produces a dip that goes extremely well with Crunchy Potato Chips Inc.
SooGood Inc., therefore, is a _____ of Crunchy.
107.
The
Beacon
is a newspaper that sold print copies of its paper in a medium-sized town in
Kansas for more than 100 years. Recently, the
Beacon
signed a deal with IntelNews Inc. to
present the paper digitally to homes and businesses. This example shows
108.
Why do companies use strategic group models?
109.
In the luxury cruise industry, the small cruise lines Tropics Inc. and Sunset Inc. merged to
form TropicalSunset Inc. After the merge, the competition between TropicalSunset Inc.
and the two mega cruise lines, Pacifico and West Winds, has increased significantly.
Which of the following statements
best
explains why this happened?
110.
In the step-by-step process of industry analysis, identifying the underlying drivers of each
force is followed by
