MGT 499- EXAM 1- CHAPTER 1, 2, 3 COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED (A+ PASS)
Opportunities Ans✓✓✓ Elements and conditions in a company's
environment that allow it to formulate and implement strategies that
enable it to become more profitable
Threats Ans✓✓✓ elements in the external environment that could
endanger the integrity and profitability of the company's business
Industry Ans✓✓✓ A group of companies offering products or services
that are close to substitutes for each other
Competitors Ans✓✓✓ Those who serve the same basic customer needs
as other businesses
External Analysis Ans✓✓✓ Identifying the industry within which a
company competes
Industry boundary Ans✓✓✓ Basic customer needs that are served by a
market
Industry sector Ans✓✓✓ A group of closely related industries
,Market segments Ans✓✓✓ Distinct groups of customers within a
market that can be differentiated from each other on the basis of their
individual attributes and specific demands
Industry competitive analysis Ans✓✓✓ Begins by focusing upon the
overall industry in which a firm competes before market segments or
sector-level issues are considered
Porter's 5 Forces Model Ans✓✓✓ 1. Threat of new entrants
2. Bargaining power of buyers
3. Bargaining power of suppliers
4. Risk of substitutes
5. Rivalry among competitors
Potential competitors Ans✓✓✓ Companies that are not currently in an
industry, but have the capability to do so if they choose
Threat of new entrants Ans✓✓✓ 1. Economies of scale
2. Brand loyalty
3. Absolute cost advantages
4. customer switching costs
5. Government regulations
, Economies of scale Ans✓✓✓ Reductions in unit costs attributed to a
larger output
Brand Loyalty Ans✓✓✓ Preference of consumers for the products of
established companies
Absolute cost advantage Ans✓✓✓ enjoyed by incumbents in an industry
and that new entrants cannot expect to match
switching costs Ans✓✓✓ costs that consumers must bear to switch from
the products offered by one established company to the products offered
by a new entrant
Government regulations Ans✓✓✓ Height of barriers to entry is one of
the most important determinants of profit rates within an industry
Rivalry among competitors Ans✓✓✓ 1. Industry competitive structure
2. Industry demand
3. cost conditions
4. Exit Barriers
Industry Competitive Structure Ans✓✓✓ number and size distribution
of companies in it, something that strategic managers determine at the
beginning of the industry analysis
QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED (A+ PASS)
Opportunities Ans✓✓✓ Elements and conditions in a company's
environment that allow it to formulate and implement strategies that
enable it to become more profitable
Threats Ans✓✓✓ elements in the external environment that could
endanger the integrity and profitability of the company's business
Industry Ans✓✓✓ A group of companies offering products or services
that are close to substitutes for each other
Competitors Ans✓✓✓ Those who serve the same basic customer needs
as other businesses
External Analysis Ans✓✓✓ Identifying the industry within which a
company competes
Industry boundary Ans✓✓✓ Basic customer needs that are served by a
market
Industry sector Ans✓✓✓ A group of closely related industries
,Market segments Ans✓✓✓ Distinct groups of customers within a
market that can be differentiated from each other on the basis of their
individual attributes and specific demands
Industry competitive analysis Ans✓✓✓ Begins by focusing upon the
overall industry in which a firm competes before market segments or
sector-level issues are considered
Porter's 5 Forces Model Ans✓✓✓ 1. Threat of new entrants
2. Bargaining power of buyers
3. Bargaining power of suppliers
4. Risk of substitutes
5. Rivalry among competitors
Potential competitors Ans✓✓✓ Companies that are not currently in an
industry, but have the capability to do so if they choose
Threat of new entrants Ans✓✓✓ 1. Economies of scale
2. Brand loyalty
3. Absolute cost advantages
4. customer switching costs
5. Government regulations
, Economies of scale Ans✓✓✓ Reductions in unit costs attributed to a
larger output
Brand Loyalty Ans✓✓✓ Preference of consumers for the products of
established companies
Absolute cost advantage Ans✓✓✓ enjoyed by incumbents in an industry
and that new entrants cannot expect to match
switching costs Ans✓✓✓ costs that consumers must bear to switch from
the products offered by one established company to the products offered
by a new entrant
Government regulations Ans✓✓✓ Height of barriers to entry is one of
the most important determinants of profit rates within an industry
Rivalry among competitors Ans✓✓✓ 1. Industry competitive structure
2. Industry demand
3. cost conditions
4. Exit Barriers
Industry Competitive Structure Ans✓✓✓ number and size distribution
of companies in it, something that strategic managers determine at the
beginning of the industry analysis
