BSG Complete Practice Test Exam
2026/2027 Updated Verified
Questions and Solutions A+ Pass
Guaranteed
1. Factors that weaken the rivalry among competing sellers include
- ANS - High buyer costs to switch brands company industry rivals
that any one company's actions have little impact on rivals'
businesses, and rapid growth in buyer demand
2. Which one of the following conditions acts to intensify the
competitive pressures associated with the threat of entry?
- ANS - A general belief on the part of entry candidates that
industry members are unwilling or unable to strongly contest the
efforts of newcomers to gain a market foothold
3. A competitive environment where there is strong rivalry among
sellers, low entry barriers, strong competition from substitute
products, and considerable bargaining leverage on the part of both
suppliers and customers
- ANS - Makes it hard for industry members to earn attractive
profits
4. Which one of the following is not a factor that affects the strength
of supplier bargaining power?
, - ANS - Whether there are greater or fewer than ten suppliers of the
item being purchased from suppliers
5. Potential entrants are more likely to be deterred from actually
entering an industry when
- ANS - Industry incumbents are willing and able to launch strong
defensive maneuvers to maintain their positions and make it harder
for a newcomer to compete successfully and profitably
6. Which one of the following is not a useful question for company
managers to pose in trying to predict the likely actions of
important rivals?
- ANS - Which competitors are in the best strategic group in the
industry?
7. Which of the following is a major question to ask in assessing a
company's industry and competitive environment?
- ANS - What forces are driving changes in the industry, and what
impact will these changes have on competitive intensity and
industry profitability?
8. The "driving forces" in an industry
- ANS - are the major underlying causes of changing industry and
competitive conditions and have the biggest influence on how the
industry landscape will be altered
9. Which of the following statements about the market maneuvering
for buyer patronage that goes on among rival sellers of a product
or service is false?
, - ANS - While there is constant jockeying among industry members
to improve their market position and profits, the current market
leaders have a 90% or better chance of continuing their leadership
and ultimately winning a sustainable competitive advantage over
the other industry contenders.
10. The rivalry among competing sellers tends to become a
stronger competitive force when
- ANS - the products of rival sellers are essentially identical or else
weakly differentiated.
11. Which of the following is generally not considered as a
barrier to entry?
- ANS - Weak brand preference and low degrees of customer loyalty
to existing brands
12. Which one of the following statements about strategic groups
and strategic group mapping is false?
- ANS - The hardest aspect of strategic group mapping is always
figuring out which of several possible strategic group maps
represents the single one best map for portraying how competing
firms are positioned.
13. Which of the following are important considerations in
evaluating whether an industry's outlook is conducive to good
profitability?
- ANS - The industry's growth potential, the anticipated strength of
competitive forces, and whether the industry and the company are
being favorably or unfavorably impacted by macro-environmental
factors
2026/2027 Updated Verified
Questions and Solutions A+ Pass
Guaranteed
1. Factors that weaken the rivalry among competing sellers include
- ANS - High buyer costs to switch brands company industry rivals
that any one company's actions have little impact on rivals'
businesses, and rapid growth in buyer demand
2. Which one of the following conditions acts to intensify the
competitive pressures associated with the threat of entry?
- ANS - A general belief on the part of entry candidates that
industry members are unwilling or unable to strongly contest the
efforts of newcomers to gain a market foothold
3. A competitive environment where there is strong rivalry among
sellers, low entry barriers, strong competition from substitute
products, and considerable bargaining leverage on the part of both
suppliers and customers
- ANS - Makes it hard for industry members to earn attractive
profits
4. Which one of the following is not a factor that affects the strength
of supplier bargaining power?
, - ANS - Whether there are greater or fewer than ten suppliers of the
item being purchased from suppliers
5. Potential entrants are more likely to be deterred from actually
entering an industry when
- ANS - Industry incumbents are willing and able to launch strong
defensive maneuvers to maintain their positions and make it harder
for a newcomer to compete successfully and profitably
6. Which one of the following is not a useful question for company
managers to pose in trying to predict the likely actions of
important rivals?
- ANS - Which competitors are in the best strategic group in the
industry?
7. Which of the following is a major question to ask in assessing a
company's industry and competitive environment?
- ANS - What forces are driving changes in the industry, and what
impact will these changes have on competitive intensity and
industry profitability?
8. The "driving forces" in an industry
- ANS - are the major underlying causes of changing industry and
competitive conditions and have the biggest influence on how the
industry landscape will be altered
9. Which of the following statements about the market maneuvering
for buyer patronage that goes on among rival sellers of a product
or service is false?
, - ANS - While there is constant jockeying among industry members
to improve their market position and profits, the current market
leaders have a 90% or better chance of continuing their leadership
and ultimately winning a sustainable competitive advantage over
the other industry contenders.
10. The rivalry among competing sellers tends to become a
stronger competitive force when
- ANS - the products of rival sellers are essentially identical or else
weakly differentiated.
11. Which of the following is generally not considered as a
barrier to entry?
- ANS - Weak brand preference and low degrees of customer loyalty
to existing brands
12. Which one of the following statements about strategic groups
and strategic group mapping is false?
- ANS - The hardest aspect of strategic group mapping is always
figuring out which of several possible strategic group maps
represents the single one best map for portraying how competing
firms are positioned.
13. Which of the following are important considerations in
evaluating whether an industry's outlook is conducive to good
profitability?
- ANS - The industry's growth potential, the anticipated strength of
competitive forces, and whether the industry and the company are
being favorably or unfavorably impacted by macro-environmental
factors
