Final Capstone Exam Questions and Answers 100% Verified

Final Capstone Exam Questions and Answers 100% Verified Good Competitive Intelligence about rivals' strategies, their financial performance, their competitive strengths and weaknesses, the actions and plans they have announced and the thinking and leadership styles of their executives is valuable because... - CORRECT ANSWER-It enables a company to predict or anticipate what important actions rivals are likely to take next to be ready with defensive countermoves and to take rivals probable actions into account in crafting its own best course of action Determining whether an industry presents a company with good prospects for attractive profitability and growth entails such considerations as... - CORRECT ANSWER-The industry's growth potential, the anticipated strength of competitive forces, whether industry profitability is expected to be favorably or unfavorably affected by the prevailing driving forces and the degrees of risk and uncertainty in the industry's future. Which of the following statements concerning the strength of supplier bargaining power is false? - CORRECT ANSWER-Supplier bargaining power is stronger when industry members are major customers and continuing to secure their business is important to suppliers well-being. Which of the following is NOT an integral part of driving forces analysis? - CORRECT ANSWER-Determining whether the driving forces are acting to cause one or more industry rivals to shift to a different strategic group. A strategic group map displays... - CORRECT ANSWER-The different market or competitive positions that rival firms occupy in an industry and helps identify each rival's closest competitors. The competitive pressures from substitute products tend to be stronger when..... - CORRECT ANSWER-Substitutes are readily available and attractively priced, and have comparable or better performance features. Which of the following conditions acts to diminish buyer bargaining power? - CORRECT ANSWER-When there are big differences among the features, performance, and quality of rival brands such that many buyers come to prefer the brand most suitable to their preferences and pocketbook. Which of the following statements about the rivalry among competing sellers is true? - CORRECT ANSWER-Rivalry increases as the products of rival sellers become less differentiated and weakens as the products of industry rivals become more strongly differentiated. An Industry's key success factors... - CORRECT ANSWER-are those competitive factors that most affect industry members' ability to prosper in the marketplace-the particular strategy elements, product attributes, important resources and competitive capabilities, an market achievements that spell the difference between being a strong competitor and a weak competitor. Which one of the following does NOT represent market circumstances that make a focused low-cost or focused differentiation strategy attractive? - CORRECT ANSWERWhen buyers are not strongly brand loyal buyer needs and uses of the industry's product/service are diverse and change occurs at a slow pace. Broad differentiation strategies generally work best in market circums