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BSG Exam 1 With 100% Correct And Verified Answers
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BSG Exam 1 With 100% Correct And Verified Answers
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BSG Exam 1 With 100% Correct AndVerified Answers
Factors that weaken the rivalry among competing
sellers include - Correct Answer-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? - Correct Answer-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 - Correct Answer-
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? -
Correct Answer-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 - Correct
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,Answer-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
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? - Correct
Answer-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? - Correct Answer-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 - Correct
Answer-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? - Correct Answer-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.
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, The rivalry among competing sellers tends to
become a stronger competitive force when - Correct
Answer-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? - Correct Answer-Weak brand
preference and low degrees of customer loyalty to
existing brands
Which one of the following statements about
strategic groups and strategic group mapping is
false? - Correct Answer-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? -
Correct Answer-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? - Correct Answer-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
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