Strategic Management Exam | 62 Questions
and Essays with Verified Answers
competing against each other through price-cutting - ✔ ✔ Which of the
following strategies will be most detrimental to firms that are close rivals
operating in a oligopolistic industry structure
capital requirements are low - ✔ ✔ in an industry, the threat of entry is high when
It views competition within an industry broadly to include forces such as buyers,
suppliers, and the threat of substitutes. - ✔ ✔ Which of the following is a
primary feature of the five forces model?
understand the profit potential of different industries - ✔ ✔ the primary
objective of the porters five forces model is to
legal factors - ✔ ✔ Peter Griffin, president of the country Petoria, has mandated
that the standard minimum wage in the country be increased to $18,900 per year.
This has ensured that all organizations in the country pay their employees at least
$18,900 per year, which has brought about a higher standard of living for the
, people of Petoria. Which of the following factors in a firm's general environment
does this mandate best indicate?
there are many small firms - ✔ ✔ Which of the following is a characteristic of
a fragmented industry?
Create clones of successful US and western businesses - ✔ ✔ The Samwer
brothers do what?
they earn low profits or are strapped for cash - ✔ ✔ Buyers are highly
price sensitive when:
The stronger the five forces in an industry, the greater the industry's profit
potential - ✔ ✔ Which of the following statements is NOT true about the
five forces in Porter's competitive analysis model?
knowledge and culture take time to develop and are generally difficult to imitate.
- ✔ ✔ Intangible assets add great value to a firm primarily because the firm's:
firm will have a sustained competitive advantage because of its unique resources.
- ✔ ✔ In the context of the resource-based model of competitive advantage, if
a successful firm exhibits resource immobility it means that the:
resource bundles of firms competing in the same industry are unique to some
extent and thus differ from one another. - ✔ ✔ The resource-based view of a
firm assumes that:
and Essays with Verified Answers
competing against each other through price-cutting - ✔ ✔ Which of the
following strategies will be most detrimental to firms that are close rivals
operating in a oligopolistic industry structure
capital requirements are low - ✔ ✔ in an industry, the threat of entry is high when
It views competition within an industry broadly to include forces such as buyers,
suppliers, and the threat of substitutes. - ✔ ✔ Which of the following is a
primary feature of the five forces model?
understand the profit potential of different industries - ✔ ✔ the primary
objective of the porters five forces model is to
legal factors - ✔ ✔ Peter Griffin, president of the country Petoria, has mandated
that the standard minimum wage in the country be increased to $18,900 per year.
This has ensured that all organizations in the country pay their employees at least
$18,900 per year, which has brought about a higher standard of living for the
, people of Petoria. Which of the following factors in a firm's general environment
does this mandate best indicate?
there are many small firms - ✔ ✔ Which of the following is a characteristic of
a fragmented industry?
Create clones of successful US and western businesses - ✔ ✔ The Samwer
brothers do what?
they earn low profits or are strapped for cash - ✔ ✔ Buyers are highly
price sensitive when:
The stronger the five forces in an industry, the greater the industry's profit
potential - ✔ ✔ Which of the following statements is NOT true about the
five forces in Porter's competitive analysis model?
knowledge and culture take time to develop and are generally difficult to imitate.
- ✔ ✔ Intangible assets add great value to a firm primarily because the firm's:
firm will have a sustained competitive advantage because of its unique resources.
- ✔ ✔ In the context of the resource-based model of competitive advantage, if
a successful firm exhibits resource immobility it means that the:
resource bundles of firms competing in the same industry are unique to some
extent and thus differ from one another. - ✔ ✔ The resource-based view of a
firm assumes that:
