Globus Exam 1: Chapter 3
QUESTIONS AND VERIFIED
CORRECT ANSWERS
GRADED A+ [LATEST 2026-
2027] 100% GUARANTEED
PASS
PESTEL Framework model - CORRECT ANSWER-Political
Economic
Sociocultural
Technological
Ecological
Legal
Categorizes and analyzes an important set of external factors that might impinge on a firm.
Define Industry - CORRECT ANSWER-A group of incumbent companies that face more or less
the same set of suppliers and buyers
Define Industry Effects - CORRECT ANSWER-firm performance attributed to the structure of the
industry in which the firm competes
,Define Firm effects - CORRECT ANSWER-Firm performance attributed to the actions managers
take
Define Industry analysis - CORRECT ANSWER-A method to:
1. identify an industry's profit potential
2. derive implications for a firms strategic position within an industry
Porter's Five Forces - CORRECT ANSWER-Model developed by strategy expert Michael Porter
that identifies five competitive forces that influence planning strategies.
What are the 5 Competitive forces - CORRECT ANSWER-1. Threat of entry
2. Power of suppliers
3. Power of buyers
4. Threat of substitutes
5. Rivalry among existing competitors
The stronger a competitive force, the greater the _______ it represents.
a. opportunity
b. threat - CORRECT ANSWER-threat
The weaker the competitive force the greater the _______ it presents.
a. opportunity
b. threat - CORRECT ANSWER-opportunity
What is dynamic and changes overtime? - CORRECT ANSWER-Industries
, Define Industry convergence - CORRECT ANSWER-A process whereby formerly unrelated
industries begin to satisfy the same customer need
Define Competitive Industry Structure - CORRECT ANSWER-Elements and features common to
all industries including the number and size of competitors the forms degree of pricing power
the type of product or service offered and the height of entry barriers
What is the "sixth force" of the porters five forces? - CORRECT ANSWER-The Strategic role of
complements
Define Complement - CORRECT ANSWER-A product service or competency that adds value to
the original product offering when the two are used in tandem
When is competitive rivalry the strongest between firms? - CORRECT ANSWER-When both
companies are in the same strategic group
What are the five choices required for market entry? - CORRECT ANSWER-The who, when, how,
what, and where of entry.
Define Co-opetition - CORRECT ANSWER-Cooperation between competitors.
Which of the following does NOT accurately describe your company's camera/drone business
and operations?
The company has two buildings for assembling products at its Taiwan site - one for cameras and
one for drones (the drone assembly process also includes assembly of an action camera model
having features and specifications suitable for use in camera-equipped drones). No camera
models or drone models are assembled in advance, warehoused in company facilities and then
used to fill incoming orders.
Your company maintains regional facilities in Milan, Italy; Singapore; Sao Paulo, Brazil; and
Dallas, Texas to handle the company's marketing efforts in each of the world's principal
geographic regions, to support the merchandising efforts of area retailers who stock the
company's brand of action-capture cameras and UAV drones, and to process camera/drone
QUESTIONS AND VERIFIED
CORRECT ANSWERS
GRADED A+ [LATEST 2026-
2027] 100% GUARANTEED
PASS
PESTEL Framework model - CORRECT ANSWER-Political
Economic
Sociocultural
Technological
Ecological
Legal
Categorizes and analyzes an important set of external factors that might impinge on a firm.
Define Industry - CORRECT ANSWER-A group of incumbent companies that face more or less
the same set of suppliers and buyers
Define Industry Effects - CORRECT ANSWER-firm performance attributed to the structure of the
industry in which the firm competes
,Define Firm effects - CORRECT ANSWER-Firm performance attributed to the actions managers
take
Define Industry analysis - CORRECT ANSWER-A method to:
1. identify an industry's profit potential
2. derive implications for a firms strategic position within an industry
Porter's Five Forces - CORRECT ANSWER-Model developed by strategy expert Michael Porter
that identifies five competitive forces that influence planning strategies.
What are the 5 Competitive forces - CORRECT ANSWER-1. Threat of entry
2. Power of suppliers
3. Power of buyers
4. Threat of substitutes
5. Rivalry among existing competitors
The stronger a competitive force, the greater the _______ it represents.
a. opportunity
b. threat - CORRECT ANSWER-threat
The weaker the competitive force the greater the _______ it presents.
a. opportunity
b. threat - CORRECT ANSWER-opportunity
What is dynamic and changes overtime? - CORRECT ANSWER-Industries
, Define Industry convergence - CORRECT ANSWER-A process whereby formerly unrelated
industries begin to satisfy the same customer need
Define Competitive Industry Structure - CORRECT ANSWER-Elements and features common to
all industries including the number and size of competitors the forms degree of pricing power
the type of product or service offered and the height of entry barriers
What is the "sixth force" of the porters five forces? - CORRECT ANSWER-The Strategic role of
complements
Define Complement - CORRECT ANSWER-A product service or competency that adds value to
the original product offering when the two are used in tandem
When is competitive rivalry the strongest between firms? - CORRECT ANSWER-When both
companies are in the same strategic group
What are the five choices required for market entry? - CORRECT ANSWER-The who, when, how,
what, and where of entry.
Define Co-opetition - CORRECT ANSWER-Cooperation between competitors.
Which of the following does NOT accurately describe your company's camera/drone business
and operations?
The company has two buildings for assembling products at its Taiwan site - one for cameras and
one for drones (the drone assembly process also includes assembly of an action camera model
having features and specifications suitable for use in camera-equipped drones). No camera
models or drone models are assembled in advance, warehoused in company facilities and then
used to fill incoming orders.
Your company maintains regional facilities in Milan, Italy; Singapore; Sao Paulo, Brazil; and
Dallas, Texas to handle the company's marketing efforts in each of the world's principal
geographic regions, to support the merchandising efforts of area retailers who stock the
company's brand of action-capture cameras and UAV drones, and to process camera/drone
