Exam (elaborations)
BSG Exam 1 Questions & Answers | 130 Questions with 100% Correct Answers | Verified | Updated
- Course
- Institution
BSG Exam 1 Questions & Answers | 130 Questions with 100% Correct Answers | Verified | Updated
[Show more]
Content preview
BSG Exam 1 Questions & Answers |130 Questions with 100% Correct
Answers | Verified | Updated 2024-2025
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
Ask for any Exams or Study materials from (arthurmurphy121@gmail.com)
, 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
Ask for any Exams or Study materials from (arthurmurphy121@gmail.com)
, 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
Ask for any Exams or Study materials from (arthurmurphy121@gmail.com)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GouveaRN. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now