Quiz
Chapter - 4
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Questions in this quiz (25)
1An analysis of the environment in which an organization operates is also known as
- Apolitical-legal
- Bgeneral
- Csocio-cultural
- Dindustry
2In terms of PEST forces, an example of a Micro force
- ASocial
- BTechnological
- CCompetition
- DPolitical
3Will generational shifts in values, attitudes, and beliefs affect your business?
This is a question that can be addressed by understanding which PEST force?- ASocial
- BTechnological
- CEconomical
- DPolitical
4Porter‘s five competitive forces that shape all industries are
- Aregulations, suppliers, inflation rate, consumer preference, and technology
- Bthreat of new entrants, power of buyers and suppliers, substitutes, and competitive
rivalry - Cpower of buyers, number of suppliers, maturity of the industry, product differentiation,
and economies of scale - Dthreat of technology, supplier substitutions, buyer power, increasing number of
competitors, and demographics
5Porter‘s Five Forces model will determine the profitability of the
- Afirm
- Bindustry
- Ccompetitors
- Dsuppliers
6Compared to new entrants, existing firms that have made substantial investments in
their operations have a- Atiming advantage
- Btechnological disadvantage
- Ccost advantage
- Dcompetitive disadvantage
7Cost disadvantages for new entrants can arise from
- Atechnology, location, and raw materials
- Blearning, government subsidies, and socio-cultural factors
- Clocation, raw materials, and demographic factors
- Dtechnology, government subsidies, and competitive rivalry
8High switching costs are considered an example of
- Abarrier to entry
- Bbuyer power
- Csupplier power
- Dthreat of substitution
9Raw material shortages usually benefit
- Anew entrants
- Bconsumers
- Cbuyers
- Dsuppliers
10Suppliers who provide a differentiated product may have power if they
- Asell to a number of different industries
- Bprice the product at the industry average
- Csell to a limited number of industries
- Dprice the product above the industry average
11Buying groups that have full information and earn low profits are considered to
- Abe unattractive as customers
- Bhave power in the buying-selling process
- Cbe candidates for backward integration
- Dhave little or no power in the buying-selling process
12Substitute products reduce profitability by
- Alowering switching costs
- Bincreasing advertising costs
- Cincreasing competitive rivalry
- Dsetting the ceiling price
13In emerging industries where demand is growing, competitive rivalry is
- Atoo difficult to gauge
- Blow
- Cmoderate
- Dhigh
14In industries with high barriers to exit, competitive rivalry is
- Atoo difficult to gauge
- Blow
- Cmoderate
- Dhigh
15For existing firms, an attractive industry is one with
- Ahigh barriers to entry, low supplier power, and low buyer power
- Blow supplier power, high buyer power, and high competitive rivalry
- Chigh barriers to entry, high competitive rivalry, and high exit costs
- Dlow growth, low barriers to entry, and high supplier power
16The primary activities of an organization‘s value chain often include
- Alogistics, operations, and marketing
- Boperations, sales, and human resource management
- Cprocurement, operations, and service
- Dmarketing, technology development, and logistics
17The purpose of an organization‘s value chain is to demonstrate how the activities
- Astructure the organization
- Bdiffer from the organization‘s competitors
- Care integrated
- Dcontribute to costs
18The support activities of an organization‘s value chain often include
- AInbound Logistics
- BMarketing and Sales
- CCustomer Service
- DProcurement
19When competitors attempt to read and interpret the signals sent by one another to
determine motivation and intent to cooperate or compete; it is known as- Aexplicit collusion
- Bgathering competitive intelligence
- Ctacit collusion
- Dnormal operating behavior in a competitive industry
20External forces that can impact an industry include
- Apolitical, energy, sustainability, and training
- Bprocedure, environmental, supplier, and tactical
- Cposition, economic, service, and procedural
- Dpolitical, economic, social, and technical
21Stakeholders can be categorized based on
- Apreferences, language, and utility
- Bposition, location, and understanding
- Cpurpose, interests, and discretion
- Dpower, legitimacy, and urgency
22Government policies, such as licensing issues, are most likely to impact
- Abargaining power of buyers
- Bbargaining power of suppliers
- Cthreat of substitute products or services
- Dthreat of new entrants
23Game theory is concerned with
- Apredicting the results of all companies in an industry
- Bchoosing of an optimal strategy in an industry
- Cintroducing cooperation in an industry
- Dengaging in collusion in an industry
24Constant changes in the disk drive industry is a new economy example of
- Athe new economics of information
- Bthe long tail
- Cdisruptive innovation
- Dunbundling
25When Chris Anderson proposes the new economy is not about scarcity, but rather about
abundant choice; which New Economy Model is he referring to?- Athe new economics of information
- Bthe long tail
- Cdisruptive innovation
- Dunbundling
Information
- Description
- chp4
- Author
- Ian van Loenen
- Language
- English
- Views
- 32
- History
- Created on 18 May 2024 · updated on 20 May 2024
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