CISM 3330 Chapter 2 Practice Questions and Answers (100% Pass)

CISM 3330 Chapter 2 Practice Questions and Answers (100% Pass) Ted works in his family's bakery business. They supply bread and rolls to neighboring restaurants, and they have their own store front where they sell breads, rolls, pastries, cookies and cupcakes. Ted wants to start a Cookie Club that gives each member (joining is free) a free cookie after they have purchased a dozen. This idea reflects which one of Porter's five competitive forces? options: a) threat of entry of new competitors b) bargaining power of suppliers c) bargaining power of customers d) threat of substitute products ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM 2 e) rivalry among existing firms in an industry - Answer️️ -c) bargaining power of customers In mass production, a company produces a large quantity of identical items. options: a) True b) False - Answer️️ -a) True The business environment refers to the industry that a company is in. options: a) True b) False - Answer️️ -b) False Ted works in his family's bakery business. They supply bread and rolls to neighboring restaurants, and have their own store-front where they sell breads, rolls, pastries, cookies, and cupcakes. Ted thinks he should put free Wi-Fi in the store front (which seats about 15 people). This idea reflects which one of Porter's five competitive forces? options: ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM 3 a) threat of entry of new competitors b) bargaining power of suppliers c) bargaining power of customers d) threat of substitute products e) rivalry among existing firms in an industry - Answer️️ -e) rivalry among existing firms in an industry Ted works in his family's bakery business. They supply bread and rolls to neighboring restaurants, and they have their own store front where they sell breads, rolls, pastries, cookies and cupcakes. Ted wants to start being able to ship an order that comes in from their Web site. This idea reflects: options: a) An organizational response to business pressures. ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM 4 b) A technology response to business pressures. c) A response to powerful customers d) A response to globalization. e) An effort to "go green". - Answer️️ -d) A response to globalization. Ted works in his family's bakery business. They supply bread and rolls to neighboring restaurants, and they have their own store front where they sell breads, rolls, pastries, cookies and cupcakes. Ted wants to start offering gluten free products. Customers have been asking for them and leaving when he tells them he doesn't have any. This idea reflects which one of Porter's five competitive forces? options: a) threat of entry of new competitors ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM 5 b) bargaining power of suppliers c) bargaining power of customers d) threat of substitute products e) rivalry among existing firms in an industry - Answer️️ -d) threat of substitute products Today's customers have ________. options: a) less knowledge about products b) less sophistication c) difficulty in finding information about produc