AGEC 440 Final Exam 2025 | Complete
Questions and Correct Answers |
Graded A+ | Verified Answers | Brand
New Version!
Porter's 5 Forces - ANSWER-1. Threat of entry
2. Threat of rivalry
3. Threat of substitutes
4. Threat of suppliers
5. threat of buyers
New entrants are motivated to enter and compete due to above-normal economic
profits earned by existing firms - ANSWER-Threat of entry
the intensity of competition among a firm's direct competitors - ANSWER-Threat
of rivalry
Places ceiling on prices in an industry
Reduces profit potential for an industry - ANSWER-Threat of substitutes
Input supplier can charge above normal economic prices to industry
Reduces industry performance - ANSWER-Threat of suppliers
,Reduces industry revenue via reduced prices - ANSWER-Threat of buyers
Sociocultural trends
Technological trends
Government/ Regulatory trends
Economic Trends - ANSWER-Remote environment
Industry analysis based on industrial organization economics (S-C-P) - ANSWER-
Task Environment
- cost leadership
- differentiation
- focus
* can only do 1 at a time - ANSWER-Generic Strategies
Cost leadership - ANSWER-Be the lowest cost producer
Differentiation - ANSWER-Produce a differentiated or innovative product where
there are minimal substitutes
Focus - ANSWER-Specialize in a target market that may be geographical, age,
income segments of the market
, It seeks ways to describes attributes of industry that make it less than competitive
To help firms find ways to make above normal economic profits - ANSWER-
Strategy perspective
Strategy perspective turns __________ framework _____________ - ANSWER-S-
C-P ; upside down
Any organization external to a firm that reduces the level of that firm's
performance - ANSWER-Environmental threats
economies of scale
capital requirements
access to distribution
Product differentiation/brand identity
natural cost advantages
learning curve
access to necessary inputs
government policy - ANSWER-Entry Barriers
______ entry barriers and ______ exit barriers lead to low, stable profits -
ANSWER-Low; low
_____ entry barriers and ______ exit barriers lead to high, stable profits -
ANSWER-high; low
Questions and Correct Answers |
Graded A+ | Verified Answers | Brand
New Version!
Porter's 5 Forces - ANSWER-1. Threat of entry
2. Threat of rivalry
3. Threat of substitutes
4. Threat of suppliers
5. threat of buyers
New entrants are motivated to enter and compete due to above-normal economic
profits earned by existing firms - ANSWER-Threat of entry
the intensity of competition among a firm's direct competitors - ANSWER-Threat
of rivalry
Places ceiling on prices in an industry
Reduces profit potential for an industry - ANSWER-Threat of substitutes
Input supplier can charge above normal economic prices to industry
Reduces industry performance - ANSWER-Threat of suppliers
,Reduces industry revenue via reduced prices - ANSWER-Threat of buyers
Sociocultural trends
Technological trends
Government/ Regulatory trends
Economic Trends - ANSWER-Remote environment
Industry analysis based on industrial organization economics (S-C-P) - ANSWER-
Task Environment
- cost leadership
- differentiation
- focus
* can only do 1 at a time - ANSWER-Generic Strategies
Cost leadership - ANSWER-Be the lowest cost producer
Differentiation - ANSWER-Produce a differentiated or innovative product where
there are minimal substitutes
Focus - ANSWER-Specialize in a target market that may be geographical, age,
income segments of the market
, It seeks ways to describes attributes of industry that make it less than competitive
To help firms find ways to make above normal economic profits - ANSWER-
Strategy perspective
Strategy perspective turns __________ framework _____________ - ANSWER-S-
C-P ; upside down
Any organization external to a firm that reduces the level of that firm's
performance - ANSWER-Environmental threats
economies of scale
capital requirements
access to distribution
Product differentiation/brand identity
natural cost advantages
learning curve
access to necessary inputs
government policy - ANSWER-Entry Barriers
______ entry barriers and ______ exit barriers lead to low, stable profits -
ANSWER-Low; low
_____ entry barriers and ______ exit barriers lead to high, stable profits -
ANSWER-high; low
