COB 204 Jewett Exam 1 , Complete Test || Questions and Answers (Verified
Answers) (Latest Update 2026) UPDATE!!
Value chain - (answer)Sum of all activities to produce and deliver a good/service
Primary activities in the value chain - (answer)Direct activities of producing, selling and delivering
outputs
Secondary activities in the value chain - (answer)are not directly involved in the evolution of a product
but instead provide important underlying support for primary activities
E.g. management and legal
Who is more likely to suffer in a merger primary or secondary? - (answer)Secondary
think* we dont need this many mangers now
Decision process first step - (answer)Define problem/goal
What do I want to accomplish
Cognitive bias - (answer)Selective perception "confirmation bias"
Stereotyping
Cheerleader effect
Porter's Five Forces - (answer)threat of entry
threat of substitute
supplier power
buyer power
competitive rivalry
, COB 204 Jewett Exam 1 , Complete Test || Questions and Answers (Verified
Answers) (Latest Update 2026) UPDATE!!
Threat of New Entry - (answer)Time and cost of entry
Specialist knowledge
Economies of scale
Cost advantages
Technology protection
Barriers to entry
Threat of Substitutes - (answer)substitute performance
cost of change
Buyer Power - (answer)Number of customers
Size of each order
Differences between competitors
Price sensitivity
Ability to substitute
Cost of changing
Supplier Power - (answer)number of suppliers
size of suppliers
uniqueness of service
your ability to substitute
cost of changing
Competitive Rivalry - (answer)number of competitors
Answers) (Latest Update 2026) UPDATE!!
Value chain - (answer)Sum of all activities to produce and deliver a good/service
Primary activities in the value chain - (answer)Direct activities of producing, selling and delivering
outputs
Secondary activities in the value chain - (answer)are not directly involved in the evolution of a product
but instead provide important underlying support for primary activities
E.g. management and legal
Who is more likely to suffer in a merger primary or secondary? - (answer)Secondary
think* we dont need this many mangers now
Decision process first step - (answer)Define problem/goal
What do I want to accomplish
Cognitive bias - (answer)Selective perception "confirmation bias"
Stereotyping
Cheerleader effect
Porter's Five Forces - (answer)threat of entry
threat of substitute
supplier power
buyer power
competitive rivalry
, COB 204 Jewett Exam 1 , Complete Test || Questions and Answers (Verified
Answers) (Latest Update 2026) UPDATE!!
Threat of New Entry - (answer)Time and cost of entry
Specialist knowledge
Economies of scale
Cost advantages
Technology protection
Barriers to entry
Threat of Substitutes - (answer)substitute performance
cost of change
Buyer Power - (answer)Number of customers
Size of each order
Differences between competitors
Price sensitivity
Ability to substitute
Cost of changing
Supplier Power - (answer)number of suppliers
size of suppliers
uniqueness of service
your ability to substitute
cost of changing
Competitive Rivalry - (answer)number of competitors
