MBA 690 Required Quiz 2 | Central Michigan University |
Questions & Complete Solutions 2026 Update
• Question 1
1 out of 1 points
An industry is defined as a group of companies who share the same customers and follow
the same strategies.
Selected
Answer: Fals
e
Answers: Tru
e
Fals
e
• Question 2
1 out of 1 points
In the absence of state franchise laws, the bargaining power of automobile manufacturers
as suppliers to dealers is heightened because the manufacturers can credibly threaten to
forward integrate.
Selected
Answer: Tru
e
Answers:
Tru
e
Fals
e
• Question 3
1 out of 1 points
The purpose of a five-forces analysis is to identify evolutionary changes in the social contact.
Selected
Answer: Fals
e
Answers: Tru
e
Fals
e
• Question 4
1 out of 1 points
The opening vignette about the proposed merger between Staples and Office Depot points
out that how to define a market can greatly impact perceived concentration and bargaining
power.
Selected
Answer: Tru
e
Answers:
Tru
e
Fals
e
, • Question 5
1 out of 1 points
When rivalrous firms compete aggressively by trying to attract competitor's customers, this
might be an indication of:
Selected
Answer:
slow industry growth.
Answers: an industry with low exit barriers.
slow industry growth.
increasing economies of scale.
high bargaining power among buyers.
high bargaining power among suppliers.
• Question 6
1 out of 1 points
The "baby boomer" generation has had a significant impact on the nature of competition in
many industries. The impact of "baby boomers" would most likely be understood within the
context of a(n) driving force.
Selected
Answer:
social/demographic
Answers:
social/demographic
economic
political/legal
environmental
• Question 7
1 out of 1 points
The first step toward determining whether an industry is likely to be an attractive place to
do business or not is defining the industry. One way to do this is by ascertaining its
code.
Selected
Answer: NAICS
Answers: census
American manufacturers
world production
NAICS
• Question 8
1 out of 1 points
Which of the following is not a step in creating a strategy map?
Questions & Complete Solutions 2026 Update
• Question 1
1 out of 1 points
An industry is defined as a group of companies who share the same customers and follow
the same strategies.
Selected
Answer: Fals
e
Answers: Tru
e
Fals
e
• Question 2
1 out of 1 points
In the absence of state franchise laws, the bargaining power of automobile manufacturers
as suppliers to dealers is heightened because the manufacturers can credibly threaten to
forward integrate.
Selected
Answer: Tru
e
Answers:
Tru
e
Fals
e
• Question 3
1 out of 1 points
The purpose of a five-forces analysis is to identify evolutionary changes in the social contact.
Selected
Answer: Fals
e
Answers: Tru
e
Fals
e
• Question 4
1 out of 1 points
The opening vignette about the proposed merger between Staples and Office Depot points
out that how to define a market can greatly impact perceived concentration and bargaining
power.
Selected
Answer: Tru
e
Answers:
Tru
e
Fals
e
, • Question 5
1 out of 1 points
When rivalrous firms compete aggressively by trying to attract competitor's customers, this
might be an indication of:
Selected
Answer:
slow industry growth.
Answers: an industry with low exit barriers.
slow industry growth.
increasing economies of scale.
high bargaining power among buyers.
high bargaining power among suppliers.
• Question 6
1 out of 1 points
The "baby boomer" generation has had a significant impact on the nature of competition in
many industries. The impact of "baby boomers" would most likely be understood within the
context of a(n) driving force.
Selected
Answer:
social/demographic
Answers:
social/demographic
economic
political/legal
environmental
• Question 7
1 out of 1 points
The first step toward determining whether an industry is likely to be an attractive place to
do business or not is defining the industry. One way to do this is by ascertaining its
code.
Selected
Answer: NAICS
Answers: census
American manufacturers
world production
NAICS
• Question 8
1 out of 1 points
Which of the following is not a step in creating a strategy map?
