BSG Chapter 3 Quiz 100% SOLUTION

BSG Chapter 3 Quiz 100% SOLUTION What makes the marketplace a competitive battlefield is - ANSWER the constant jockeying of industry members to deploy whatever means in their business arsenals they believe will attract and retain buyers, strengthen their market positions, improve profitability ideally help them win a competitive edge over their rivals. Which of the following does not tend to weaken buyer bargaining power - ANSWER buyer demand is weak in relation to the available supply and industry members are eager to sell more units Based on Figure 3.4, which of the following is not a typical competitive weapon that a company can use to battle rivals and attract buyers? - ANSWER winning a bigger market share The strongest of the competitive forces in the five-forces model of competition is usually - ANSWER the competitive pressures associated with the market maneuvering and jockeying for buyer patronage among rival sellers in the industry Which one of the following generally does not act to weaken the rivalry among competing sellers? - ANSWER A situation where one or two rivals have powerful strategies and other rivals are scrambling to stay in the game Which one of the following conditions weakens the competitive pressures associated with the threat of entry? - ANSWER Existing industry members have little interest in expanding their market reach by entering product segments or geographic areas where they currently do not have a presence Which of the following is not generally a "driving force" capable of producing fundamental changes in industry and competitive conditions? - ANSWER Shifts upward or downward in interest rates, the inflation rate, and the unemployment rate Driving forces analysis entails - ANSWER identifying the driving forces are, assessing whether the drivers of a change are, on the whole, acting to make the industry more or