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Globus Final Exam Latest Questions with 100% Correct Answers
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Globus Final Exam Latest Questions with 100% Correct Answers
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Globus Final Exam Latest Questionswith 100% Correct Answers
An industry's key success factors - ✔ ✔ are the particular strategy elements, product
attributes, resource strengths, competitive capabilities, and market achievements that spell
the difference between being a strong competitor and a weak competitor -- and sometimes
between profit and loss
Whether supplier bargaining power represents a strong or weak source of competitive
pressure is affected by - ✔ ✔ whether the item supplied is a standard item (or commodity) or,
instead, whether certain suppliers provide a differentiated input that enhances the
performance or quality of the industry's product
In mapping the positions of strategic groups in an industry - ✔ ✔ the best two variables to use
as axes are those where there are big differences in the competitive characteristics that
differentiate firms in the industry-- when rivals differ on both variables, the locations of the
rivals will be scattered, thus showing how they are positioned differently
Evaluating whether the outlook for an industry presents a company with good prospects for
attractive profitability and growth usually does not involve a consideration of which of the
following factors - ✔ ✔ whether the products of industry members are strongly or weakly
differentiated and what percentage of the companies in the industry have lost money in one or
more of the past five years
, Just how strong the competitive pressures are from substitute products depends in part on
whether - ✔ ✔ the readily available substitute products have comparable or better
performance features and are attractively priced
The strongest of the competitive forces in the five-forces model of competition is usually - ✔ ✔
the competitive pressures associated with the market maneuvering and jockeying for buyer
patronage among rival sellers in the industry
Which of the following is not generally a "driving force" capable of producing fundamental
changes in industry and competitive conditions - ✔ ✔ shifts upward or downward in the
interest rates, the inflation rate, and the unemployment rate
Which of the following is not a factor that causes buyer bargaining power to be stronger - ✔
✔ The supply side of the marketplace is composed of a few large sellers and the demand side
of the marketplace consists of numerous buyers that purchase in fairly small quantities
According to Figure 4.5, a company can translate its performance of value chain activities into
competitive advantage by striving to - ✔ ✔ beat rivals by performing certain differentiation-
enhancing value chain activities more proficiently (thus creating a differentiation-based
competitive advantage keyed to delivering what customers perceive as a superior product
offering) or beat rivals by performing value chain activities more cheaply (thus achieving a cost
based competitive advantage
Which of the following is not one of the objectives of benchmarking? - ✔ ✔ To learn which
company in an industry is using the greatest number of best practices in performing its
value chain activities and thus very likely has the industry's lowest cost value chain
In Table 4.2, which one of the following is not an example of a potential market opportunity
that company may have? - ✔ ✔ Launching initiatives to try to block the entry (or likely entry)
of new competitors (especially lower-cost foreign firms) into those geographic markets where
the company earns big profits or has a big market share
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