Competitive rivalry - Study guides, Class notes & Summaries

BSG Exam Prep (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct Grade A QUESTION Whether buyer bargaining power poses a strong or weak source of competitive pressure on industry members depends in part on Answer: the price sensitivity of buyers, whether buyer switching costs are high or low, and how well informed buyers are about the product offerings of industry members. QUESTION Which of the following is NOT one of the five important "outer-ri...

SANS MGT514 2024 REAL EXAM |QUESTIONS AND 100% VERIFIED ANSWERS | ALREADY GRADED A+ Strategic planning (1:8) - -------- CORRECT ANSWERS----------deep analysis and understanding of the state of business and the threats faced by the organization Value to the organization (1:8) - -------- CORRECT ANSWERS----------develop your objectives based on the organization's vision and mission, stake holder risk appetite and opportunities Driving engagement (1:8) - -------- CORRECT ANSWERS----------execut...

AIPMM CPM Certification Questions and Answers Rated A+ Product lifecycle stages 1. Introduction 2. Growth 3. Maturity 4. Decline Product manager Product Managers investigate, select, and drive the development of products for an organization, performing the activities or product mgmt. Product Marketing Manager Act as the voice of customer to the rest of the product team and company. Business Model Framework that describes the rationale of how an org. creates, delivers, and captures value Reas...

MBA 706 Test 1 Questions and Answers Already Passed Question: What is the purpose of a SWOT analysis in strategic planning? Answer: A SWOT analysis is used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats. It helps businesses understand their internal capabilities and external environment, guiding strategic decisions. Question: How does Porter's Five Forces model help businesses understand their competitive environment? Answer: Porter's Five Fo...

WGU C211 OA Global Economics Exam 2022/2023 COMPLETE SOLUTION ( A+ GRADED 100% VERIFIED) LATEST 2022/ 2023 4. Which political view of foreign direct investment (FDI) is most widely used by governments in the current international business environment? Radicalism Protectionism Communism nationalism 5. Which factors predict the degree of rivalry between a pair of competitors? 2 choices Market commonality Cost structure Resource similarity Organizational structure 6. Which factors predi...

CIPS l4m8 Exam Questions & Answers 2024/25 S in STEEPLED - ANSWERSSocio Cultural T in STEEPLED - ANSWERSTechnological 3 Es in STEEPLED - ANSWERSEconomic Environmental Ethical P in STEEPLED - ANSWERSPolitical L in STEEPLED - ANSWERSLegal D In STEEPLED - ANSWERSDemographic factors The STEEPLED analysis - ANSWERSPopular tool for analysing the macro environment 5 forces model - ANSWERSThreat from new entrants Threat from substitutes Buyers bargaining power Suppliers ba...

What is strategy? An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? Internal and External. What are the 3 business strategies? 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? Compare firm performance to a benchmark. ...

AIPMM - CPM PRACTICE EXAM QUESTIONS AND ANSWERS ALREADY PASSED Nature and characteristic of a service intangibility inseparability variability perishability What are the 4 Kotler's Market Strategies? Product Price Promotion Place What are Porter's 5 forces? Intensity of Competitive Rivalry Threat of New Entrants Threat of Substitute Bargaining Power of Customers Bargaining Power of Suppliers What are the 7 phases of PLC? Conceive Plan Develop Qualify Launch Del...

Competitors Firms operating in the same market - offering similar products - and targeting similar customers Competitive Rivalry The ongoing set of competitive actions and competitive responses that occur among firms as they maneuver an advantageous market position Competitive Behavior The set of competitive actions and responses a firm takes to build or defend its competitive advantages and to improve its market position Competitive Dynamics All competitive behaviors - ...

Goal of Strategy correct answers Is to obtain competitive advantage by being more differentiated or have lower costs than your competitors. Resources that help businesses get distinctive competencies correct answers Resources that pass VRIO Other resources that don't fully pass VRIO to help create parity Capability correct answers being able to use resources to make a product or service. Capabilities are more difficult to imitate and transfer than advantages based on resources corr...