Glo-Bus Ch 3 Exam Questions +
Verified Answers 100% correct, Update
2026
The "driving forces" in an industry -
correct answer ✅are the major underlying causes of changing
industry and competitive conditions and have the biggest influence
on how the industry landscape will be altered
An industry's key success -
correct answer ✅are the particular strategy elements, product
attributes, resource strengths, competitive capabilities, and market
achievements that spell the difference between being a strong
competitor and a weak competitor - and sometimes between profit
and loss.
Using the five-forces model of competition to determine what
competition is like in a given industry involves -
correct answer ✅building the picture of competition in three
steps: 1) identifying the specific competitive pressures of associated
with each of the five competitive forces 2) evaluating how strong
the pressures comprising each competitive forces are; and 3)
determining whether the collective strength of all five competitive
forces is conducive to high/good industry profitability
Which of the following is generally not considered as a barrier to
entry? -
, Glo-Bus Ch 3 Exam Questions +
Verified Answers 100% correct, Update
2026
correct answer ✅rapid market growth and weakly differentiated
product offerings on the part of existing industry members
Which of the following is not a factor that affects the strength of
supplier bargaining power? -
correct answer ✅Whether there are greater or fewer than ten
suppliers of the item being purchased from suppliers
The competitive threat that outsiders will enter a market is weaker
when -
correct answer ✅entry barriers are high, the pool of entry
candidates is small, and buyer demand is growing slowly or is
stagnant
Which of the following generally acts to weaken the rivalry among
competing sellers? -
correct answer ✅A situation where the products of rival sellers are
strongly differentiated
Which of the following factors is an important consideration in
deciding whether the outlook for the industry presents the
company with good prospects for attractive profitability -
Verified Answers 100% correct, Update
2026
The "driving forces" in an industry -
correct answer ✅are the major underlying causes of changing
industry and competitive conditions and have the biggest influence
on how the industry landscape will be altered
An industry's key success -
correct answer ✅are the particular strategy elements, product
attributes, resource strengths, competitive capabilities, and market
achievements that spell the difference between being a strong
competitor and a weak competitor - and sometimes between profit
and loss.
Using the five-forces model of competition to determine what
competition is like in a given industry involves -
correct answer ✅building the picture of competition in three
steps: 1) identifying the specific competitive pressures of associated
with each of the five competitive forces 2) evaluating how strong
the pressures comprising each competitive forces are; and 3)
determining whether the collective strength of all five competitive
forces is conducive to high/good industry profitability
Which of the following is generally not considered as a barrier to
entry? -
, Glo-Bus Ch 3 Exam Questions +
Verified Answers 100% correct, Update
2026
correct answer ✅rapid market growth and weakly differentiated
product offerings on the part of existing industry members
Which of the following is not a factor that affects the strength of
supplier bargaining power? -
correct answer ✅Whether there are greater or fewer than ten
suppliers of the item being purchased from suppliers
The competitive threat that outsiders will enter a market is weaker
when -
correct answer ✅entry barriers are high, the pool of entry
candidates is small, and buyer demand is growing slowly or is
stagnant
Which of the following generally acts to weaken the rivalry among
competing sellers? -
correct answer ✅A situation where the products of rival sellers are
strongly differentiated
Which of the following factors is an important consideration in
deciding whether the outlook for the industry presents the
company with good prospects for attractive profitability -
