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MGMT - 4513 Strategic Management - Oklahoma State University - Professor Aime: Quiz #1, MGMT - 4513 Strategic Management - Oklahoma State University - Professor Aime: Quiz #2 || with 100% Error-free Answers.
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MGMT - 4513 Strategic Management - Oklahoma State
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MGMT - 4513 Strategic Management - Oklahoma State
Which is considered a force in the "Five-Forces" model? correct answers Rivalry among competing firms.
Because the Internet lowers barriers to entry in most industries, it correct answers increases the threat of new entrants.
Which of the following is NOT an entry barrier to an industry? corr...
MGMT - 4513 Strategic Management - Oklahoma State
University - Professor Aime: Quiz #1, MGMT - 4513
Strategic Management - Oklahoma State University -
Professor Aime: Quiz #2 || with 100% Error-free Answers.
Which is considered a force in the "Five-Forces" model? correct answers Rivalry among
competing firms.
Because the Internet lowers barriers to entry in most industries, it correct answers increases the
threat of new entrants.
Which of the following is NOT an entry barrier to an industry? correct answers bargaining power
of suppliers
Organizational goals and objectives should be vague in order to allow changes in
strategy. correct answers False
Which of the following firms would likely pose the least competitive threat? correct answers A
competitor to your product where a high switching cost exists.
An industry is defined as: correct answers a group of firms producing products that are close
substitutes.
The bargaining power of suppliers is enhanced under the following market
condition correct answers dominance by a few suppliers.
Industries characterized by high economies of scale typically attract fewer new entrants. correct
answers True
Upper limits on the prices a firm can charge are impacted by: correct answers the cost of
substitute products.
If you believed in a pure five forces model of above-average returns, which of the
following things is LEAST important? correct answers analysis of resources, capabilities, and
core competencies
Product differentiation by incumbents act as an entry barrier because correct answers new
entrants will have to spend heavily to overcome existing
customer loyalties.
Exit barriers arise from correct answers all of these.
Some excellent examples of mission statements are: "To be the happiest place on earth" (Disney)
and "restoring patients to full life" (Medtronic) correct answers False
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