ISTMmn209 mnEXAM mn3 mnNEWEST mn2026mnACTUALmnEXAM|
ISTM mn209 mnEXAM mn3 mnREVIEW mnWITH mnCOMPLETE mnREAL
mn
mn EXAM mnQUESTIONS mnAND mnCORRECT mnVERIFIED
mn ANSWERS/
ALREADY mnGRADED mnA+| mn(MOST mnRECENT!!)
Q1. mnAccording mnto mnMichael mnPorter, mnhis mncompetitive mnforces mnmodel
mn provides:
A) A mnfinancial mnaccounting mnframework mnfor mnauditing mnfirms
B) A mngeneral mnview mnof mnthe mnfirm, mnits mncompetitors, mnand mnthe
mn firm's mnenvironment
C) A mnmethod mnfor mndesigning mndatabase mnschemas
D) A mnsoftware mndevelopment mnlifecycle
Correct mnAnswer: mnB
Rationale: mnThis mnis mncorrect mnbecause mnMichael mnPorter's mncompetitive
mn forces mnmodel mnprovides mna mngeneral mnview mnof mnthe mnfirm, mnits
mn competitors, mnand mnthe mnfirm's mnenvironment. mnAs mndiscussed mnin
mn Chapter mn2, mnthe mnfirm's mnenvironment mnand mnthe mndependence mnof mnfirms
mn on mnenvironments mnare
crucial; mnPorter's mnmodel mnanalyzes mnthe mnfirm's mngeneral mnbusiness
m n environment mn.
Q2. mnWhich mnof mnthe mnfollowing mnis mnNOT mnone mnof mnPorter's mnfive
1
,mn competitive mnforces?
A) Buyer mn Power
2
,B) Threat m n of mn Substitute m n Products
C) Technological m n Advancement m n Speed
D) Rivalry m n Among m n Existing m n Competitors
Correct mnAnswer: mnC
Rationale: mnThis mnis mncorrect mnbecause mnPorter's mnfive mnforces mnare:
Buyer mnPower, mnSupplier mnPower, mnThreat mnof mnSubstitute mnProducts mnor
mn
mn Services, m n Threat mnof mnNew mnEntrants, mnand mnRivalry mnAmong
mn Existing mnCompetitors. m n Technological mnadvancement mnspeed mnis
mn an mnenvironmental mnfactor mnbut mnnotmnonemnofmnthemnfivemncore
mn competitivemnforcesmn.
Q3. mnThe mnability mnof mnbuyers mnto mnaffect mnthe mnprice mnthey mnmust
mn pay mnfor m n an mnitem mnis mnknown mnas:
A) Supplier mnpower
B) Buyer mn power
C) Threat mnof mnsubstitutes
D) Rivalry
Correct mnAnswer: mnB
Rationale: mnThis mnis mncorrect mnbecause mnbuyer mnpower mnis mnthe mnability
mn of mnbuyers mnto mnaffect mnthe mnprice mnthey mnmust mnpay mnfor mnan mnitem.
mn High mnbuyer mnpower mnmeans mncustomers mncan mnforce mnprices mndown;
low mnbuyer mnpower mnmeans mnsellers mnhave mnmore mnpricing mncontrol mn.
mn
3
, Q4. mnSwitching mncosts mnare mndesigned mnto mnprimarily mnaffect mnwhich
mn competitive mnforce?
A) Threat mnof mnnew mnentrants
B) Supplier mnpower
C) Buyer mn power
D) Rivalry mnamong mnexisting mncompetitors
Correct mnAnswer: mnC
Rationale: mnThis mnis mncorrect mnbecause mnswitching mncosts mnmake
mn customers mnreluctant mnto mnswitch mnto mnanother mnproduct mnor mnservice,
mn thereby
reducing mnbuyer mnpower. mnLoyalty mnprograms mnand mnhigh mnswitching
costs mnare mnstrategies mnto mnretain mncustomers mnand mnmitigate mntheir
mn
mn power mnto mnnegotiatemnlowermnpricesmn.
Q5. mnA mnfeature mnof mna mnproduct mnor mnservice mnthat mncustomers mnhave
mn come mnto mnexpect mnand mnthat mnnew mncompetitors mnmust mnoffer mnto
mn survive mnis mncalled:
A) A mncore mncompetency
B) Amnsynergy
C) An mnentry mnbarrier
D) A mnvalue mnweb
Correct mnAnswer: mnC
4
ISTM mn209 mnEXAM mn3 mnREVIEW mnWITH mnCOMPLETE mnREAL
mn
mn EXAM mnQUESTIONS mnAND mnCORRECT mnVERIFIED
mn ANSWERS/
ALREADY mnGRADED mnA+| mn(MOST mnRECENT!!)
Q1. mnAccording mnto mnMichael mnPorter, mnhis mncompetitive mnforces mnmodel
mn provides:
A) A mnfinancial mnaccounting mnframework mnfor mnauditing mnfirms
B) A mngeneral mnview mnof mnthe mnfirm, mnits mncompetitors, mnand mnthe
mn firm's mnenvironment
C) A mnmethod mnfor mndesigning mndatabase mnschemas
D) A mnsoftware mndevelopment mnlifecycle
Correct mnAnswer: mnB
Rationale: mnThis mnis mncorrect mnbecause mnMichael mnPorter's mncompetitive
mn forces mnmodel mnprovides mna mngeneral mnview mnof mnthe mnfirm, mnits
mn competitors, mnand mnthe mnfirm's mnenvironment. mnAs mndiscussed mnin
mn Chapter mn2, mnthe mnfirm's mnenvironment mnand mnthe mndependence mnof mnfirms
mn on mnenvironments mnare
crucial; mnPorter's mnmodel mnanalyzes mnthe mnfirm's mngeneral mnbusiness
m n environment mn.
Q2. mnWhich mnof mnthe mnfollowing mnis mnNOT mnone mnof mnPorter's mnfive
1
,mn competitive mnforces?
A) Buyer mn Power
2
,B) Threat m n of mn Substitute m n Products
C) Technological m n Advancement m n Speed
D) Rivalry m n Among m n Existing m n Competitors
Correct mnAnswer: mnC
Rationale: mnThis mnis mncorrect mnbecause mnPorter's mnfive mnforces mnare:
Buyer mnPower, mnSupplier mnPower, mnThreat mnof mnSubstitute mnProducts mnor
mn
mn Services, m n Threat mnof mnNew mnEntrants, mnand mnRivalry mnAmong
mn Existing mnCompetitors. m n Technological mnadvancement mnspeed mnis
mn an mnenvironmental mnfactor mnbut mnnotmnonemnofmnthemnfivemncore
mn competitivemnforcesmn.
Q3. mnThe mnability mnof mnbuyers mnto mnaffect mnthe mnprice mnthey mnmust
mn pay mnfor m n an mnitem mnis mnknown mnas:
A) Supplier mnpower
B) Buyer mn power
C) Threat mnof mnsubstitutes
D) Rivalry
Correct mnAnswer: mnB
Rationale: mnThis mnis mncorrect mnbecause mnbuyer mnpower mnis mnthe mnability
mn of mnbuyers mnto mnaffect mnthe mnprice mnthey mnmust mnpay mnfor mnan mnitem.
mn High mnbuyer mnpower mnmeans mncustomers mncan mnforce mnprices mndown;
low mnbuyer mnpower mnmeans mnsellers mnhave mnmore mnpricing mncontrol mn.
mn
3
, Q4. mnSwitching mncosts mnare mndesigned mnto mnprimarily mnaffect mnwhich
mn competitive mnforce?
A) Threat mnof mnnew mnentrants
B) Supplier mnpower
C) Buyer mn power
D) Rivalry mnamong mnexisting mncompetitors
Correct mnAnswer: mnC
Rationale: mnThis mnis mncorrect mnbecause mnswitching mncosts mnmake
mn customers mnreluctant mnto mnswitch mnto mnanother mnproduct mnor mnservice,
mn thereby
reducing mnbuyer mnpower. mnLoyalty mnprograms mnand mnhigh mnswitching
costs mnare mnstrategies mnto mnretain mncustomers mnand mnmitigate mntheir
mn
mn power mnto mnnegotiatemnlowermnpricesmn.
Q5. mnA mnfeature mnof mna mnproduct mnor mnservice mnthat mncustomers mnhave
mn come mnto mnexpect mnand mnthat mnnew mncompetitors mnmust mnoffer mnto
mn survive mnis mncalled:
A) A mncore mncompetency
B) Amnsynergy
C) An mnentry mnbarrier
D) A mnvalue mnweb
Correct mnAnswer: mnC
4
