Exam 2: The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

BP, in response to the Deepwater Horizon oil spill, expected increased scrutiny from which of the following segments of the general environment?

The strengths of the five competitive forces are similar across strategic groups within an industry.

A manufacturer of washing machines has expanded its plant and created excess capacity, just as the general economy takes a downturn.The company is likely to:

China allows its firms to copy, or pirate, software created by firms in the United States and other countries.The Chinese firms take the intellectual property created by the other companies and then sell the resulting products for a lower price, undercutting the sales of the companies that invested in the product development.This activity represents a threat in the general environment that might prevent the U.S.companies from achieving strategic competitiveness.

Which of the following explains, in part, why rivalry among McDonald's, Wendy's, and Burger King is intense?

An analysis of the economic segment of the external environment would include all of the following EXCEPT:

Counterfeiting goods and exporting them from China is:

Exit barriers to a firm include all of the following EXCEPT:

The political/legal segment of an environment represents:

In order to gain information about its competitor, EBD Corp., Alpha Company obtained copies of EBD's annual reports for the last five years.This action is unethical, and possibly illegal.

All of the following are implications of strategic groups EXCEPT:

Explain why it is important for organizations to analyze and understand the external environment.

Coca-Cola and PepsiCo have been accused of contributing to the obesity problem in the United States.This accusation comes from the __________segment of the general environment.

Which of the following is NOT an entry barrier to an industry?

The recent joint ventures formed by BP with Russian and Indian partners show the importance of the __________ segment of the general environment in those countries that BP and other oil firms must manage when contending with scarce resources.

Diverse energy sources and energy consumption trends are aspects of the __________ segment of the general environment that firms should monitor.

Firms can directly control the elements of the seven segments of the general environment.

The external environment facing business stays relatively constant over time.

Competitor intelligence could ethically come from all of the following EXCEPT:

A family just changed to a different mobile phone and data service provider.They now need take some time to transfer their content to new phones and learn the features of the new service.This is an example of a: