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

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When rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of:

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The threat from substitutes is high when:

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The five competitive forces model expands the arena of competitive analysis beyond direct competitors (i.e., rivals) to include buyers and suppliers who may also be a source of competition.

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After Amazon lowered the price on its tablets, Samsung eventually lowered the price on its tablets.Samsung needed to do this because:

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Green design, sustainable packaging, waste management, and energy efficiency are aspects of the __________ segment of the general environment that companies have sought to address with environmental sustainability initiatives.

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The concepts of guanxi and wa convey the general idea of:

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New Jersey and New York have the highest state taxes in the United States.They also have high rates of people moving out compared to people moving into the state.This impacts the __________ aspect of demographic analysis.

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What is the relationship between a firm's industry environment and the firm's earning potential?

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The aircraft industry has long been dominated by two large aircraft manufacturers, Boeing and Airbus.The demand for major aircraft is low, and Boeing and Airbus aggressively compete for orders from airlines.Which of the following effects will these conditions have on the domestic airline industry?

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Methods of waste reduction and options to use renewable energy are aspects of the technological environment segment that firms should monitor.

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Demographic changes include variations in income distribution.Which of the following statements is true?

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The likelihood of entry of new competitors is affected by __________ and __________.

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According to the five forces model, an attractive industry would have all of the following characteristics EXCEPT:

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Economies of scale refers to the fact that as the quantity of product produced in a given time period __________, the cost of manufacturing each unit __________.

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When Google studies the Internet user privacy policies of various nations, it is engaged in the forecasting component of the environmental analysis process.

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Demographic, economic, political/legal, sociocultural, technological, global, and sustainable physical are the seven elements comprising the general environment.

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Circuit Inc.is a manufacturer of a broad range of consumer electronics products.These consumer products are all highly profitable.The firm also manufactures a low-cost component that is an essential differentiating feature for most of its consumer products.The costs to manufacture this component have risen sharply in recent months.Internal estimates now indicate the company is breaking even on the manufacture of this component.Which of the following is MOST likely?

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All of the following are ethical sources of data for external analysis EXCEPT:

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Which of the following would be an example of the application of the next major technological opportunity for organizations?

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Which of the following pairs of companies would be LEAST likely to be examined together as part of competitor analysis?

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