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BSG Exam 1|129 Questions with complete Answers 100% Accurate
BSG Exam 1|129 Questions with complete Answers 100% Accurate
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BSG Exam 1|129 Questions withcomplete Answers 100% Accurate
Factors that weaken the rivalry among competing sellers include - -High
buyer costs to switch brands company industry rivals that any one
company's actions have little impact on rivals' businesses, and rapid growth
in buyer demand
-Which one of the following conditions acts to intensify the competitive
pressures associated with the threat of entry? - -A general belief on the part
of entry candidates that industry members are unwilling or unable to
strongly contest the efforts of newcomers to gain a market foothold
-A competitive environment where there is strong rivalry among sellers, low
entry barriers, strong competition from substitute products, and considerable
bargaining leverage on the part of both suppliers and customers - -Makes it
hard for industry members to earn attractive profits
-Which one of the following is not a factor that affects the strength of
supplier bargaining power? - -Whether there are greater or fewer than ten
suppliers of the item being purchased from suppliers
-Potential entrants are more likely to be deterred from actually entering an
industry when - -Industry incumbents are willing and able to launch strong
defensive maneuvers to maintain their positions and make it harder for a
newcomer to compete successfully and profitably
-Which one of the following is not a useful question for company managers
to pose in trying to predict the likely actions of important rivals? - -Which
competitors are in the best strategic group in the industry?
-Which of the following is a major question to ask in assessing a company's
industry and competitive environment? - -What forces are driving changes in
the industry, and what impact will these changes have on competitive
intensity and industry profitability?
-The "driving forces" in an industry - -are the major underlying causes of
changing industry and competitive conditions and have the biggest influence
on how the industry landscape will be altered
-Which of the following statements about the market maneuvering for buyer
patronage that goes on among rival sellers of a product or service is false? -
-While there is constant jockeying among industry members to improve their
market position and profits, the current market leaders have a 90% or better
, chance of continuing their leadership and ultimately winning a sustainable
competitive advantage over the other industry contenders.
-The rivalry among competing sellers tends to become a stronger
competitive force when - -the products of rival sellers are essentially
identical or else weakly differentiated.
-Which of the following is generally not considered as a barrier to entry? - -
Weak brand preference and low degrees of customer loyalty to existing
brands
-Which one of the following statements about strategic groups and strategic
group mapping is false? - -The hardest aspect of strategic group mapping is
always figuring out which of several possible strategic group maps
represents the single one best map for portraying how competing firms are
positioned.
-Which of the following are important considerations in evaluating whether
an industry's outlook is conducive to good profitability? - -The industry's
growth potential, the anticipated strength of competitive forces, and whether
the industry and the company are being favorably or unfavorably impacted
by macro-environmental factors
-Which of the following are most unlikely to qualify as driving forces? - -
Mounting competition from substitutes, increasing efforts on the part of
industry members to collaborate with suppliers, and the speed with which
the number of industry key success factors is either rising or falling
-In which of the following circumstances are competitive pressures
associated with the bargaining power of buyers not relatively strong? - -
When buyer demand is growing rapidly and sellers' products are strongly
differentiated
-The competitive pressures from substitute products tend to be weaker
when - -buyers have high costs in switching to substitutes
-based on Figure 3.4, which of the following is not a typical competitive
weapon that a can use to battle rivals and attract buyers? - -Constructing
the biggest production plant of any company in the industry
-The best test of whether potential entry is a strong or weak competitive
force is whether - -the industry's growth and profit prospects are strongly
attractive to potential entry candidates
-The strongest of the competitive forces in the five-forces model of
competition is usually - -the competitive pressures associated with the
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