Q: An industry is defined as a. a group of firms
An industry is defined as a. a group of firms producing the exact same products and services. b. firms producing items that sell through the same distribution channels. c. firms that have the same re...
See AnswerQ: Attractive industries have all the following, except a. high
Attractive industries have all the following, except a. high supplier power b. low buyer power c. high entry barriers d. low rivalry
See AnswerQ: A computer manufacturer has two divisions: one serving residential customers and
A computer manufacturer has two divisions: one serving residential customers and one serving business customers. If an incentive conflict arises between the two divisions, how will overall company pro...
See AnswerQ: Which of the following is NOT an example of an entry barrier
Which of the following is NOT an example of an entry barrier? a. Government protection through patents or licensing requirements b. Strong brands c. Low capital requirements for entry d. Lower costs...
See AnswerQ: Buyers have higher power when a. their suppliers sell a
Buyers have higher power when a. their suppliers sell a highly differentiated product. b. they are not a significant purchaser of their supplier's output. c. switching costs are low. d. the buyer in...
See AnswerQ: Which of the following is NOT a factor that contributes to higher
Which of the following is NOT a factor that contributes to higher rivalry in an industry? a. Numerous competitors. b. High fixed costs. c. Fast industry growth. d. Low switching costs for buyers....
See AnswerQ: The concept that describes firms possessing different bundles of resources is
The concept that describes firms possessing different bundles of resources is a. resource heterogeneity b. resource immobility c. barriers to entry d. imitability
See AnswerQ: If a firm successfully adopts a product differentiation strategy, the elasticity
If a firm successfully adopts a product differentiation strategy, the elasticity of demand for its products should a. increase b. decrease c. become marginal d. be unaffected
See AnswerQ: When a resource or capability is valuable and rare, a firm
When a resource or capability is valuable and rare, a firm may gain a a. sustainable competitive advantage. b. competitive parity. c. cost advantage. d. temporary competitive advantage.
See AnswerQ: Which of the following is critical for a firm adopting a long
Which of the following is critical for a firm adopting a long-term cost-reduction strategy? a. The firm must also differentiate its product or service. b. The strategy reduces costs by at least 10%....
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