MNG3701 - LU3 Case Study - SPURCORP - 5
Forces/30 Questions With Verified Answers (Graded
A+)
Quiz :Will the 5 forces model help SPURCORP analyse their Macro-
Environment or Market Environment? - √Answer :Market Environment
Quiz :The Porter's 5 Forces Model is a framework for understanding the
_________________ at work in an industry. - √Answer :competitiveness
Quiz :Results of analyses should not only guide organisations making strategic
decisions pertaining to their industry but also assist in identifying forces
relevant ___________ and ____________ which help determine the industry's
___________________. - √Answer :opportunities and threats, attractiveness
Quiz :The 5 forces are - √Answer :potential entrants: threats of new entrants,
suppliers: the bargaining power of suppliers, substitutes: threat of substitute of
products, buyers: the bargaining power of buyers and industry competitors:
rivalry among existing organizations
Quiz :Why should spurcorp be weary of new entrants? - √Answer :increase the
level of competition leading to reduce profits
Quiz :Famous Brands would view the entrance and rapid success of
Rocomama's as a __________________ threat to their existing business
interests. - √Answer :new entrant
Quiz :Organisations create __________ _______________ which are forces
intent on keeping potential competitors out while offering protection to
existing industry incumbents. - √Answer :entry barriers
Quiz :How many barriers to entry are there? - √Answer :6
Quiz :Is this a barrier to entry - capital required? - √Answer :yes
Quiz :Is this a barrier to entry - access to distribution? - √Answer :yes
Quiz :Is this a barrier to entry - cost of disadvantages not related to size? -
√Answer :yes
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