Question 1

Who are the most powerful suppliers in professional sports?

Accepted Answer

A)  Players unions 
B)  Referees 
C)  Owners 
D)  Politicians 
E)  Cities 
A)  Players unions 
B)  Referees 
C)  Owners 
D)  Politicians 
E)  Cities

Question 2

What term refers to the ability of individual customers to negotiate purchase prices that extract profits from sellers?

Accepted Answer

A)  Substitutes and Complements 
B)  Competition 
C)  Customer power 
D)  Seller power 
E)  Buyer power 
A)  Substitutes and Complements 
B)  Competition 
C)  Customer power 
D)  Seller power 
E)  Buyer power

Question 3

What concept developed by Brandenburger and Nalebuff as a counterpart to Porter's five-forces consists of suppliers,customers,competitors and complementors?

Accepted Answer

A)  McKinsey 7-S Framework 
B)  Value net 
C)  BCG Market Share Matrix 
D)  6 C's of Marketing 
E)  4 P's of Marketing 
A)  McKinsey 7-S Framework 
B)  Value net 
C)  BCG Market Share Matrix 
D)  6 C's of Marketing 
E)  4 P's of Marketing

Question 4

Which of the following does not tend to affect the threat of entry?

Accepted Answer

A)  Expectations about pre-entry competition 
B)  Government protection of incumbents 
C)  Consumers highly valuable reputation/consumers are brand loyal 
D)  Experience curve 
E)  Network externalities 
A)  Expectations about pre-entry competition 
B)  Government protection of incumbents 
C)  Consumers highly valuable reputation/consumers are brand loyal 
D)  Experience curve 
E)  Network externalities

Question 5

Which of the following is generally thought of as a supplier in the hospital industry?

Accepted Answer

A)  Medicaid 
B)  Admitting physicians 
C)  Hospital-based physician 
D)  Patients 
E)  Medicare 
A)  Medicaid 
B)  Admitting physicians 
C)  Hospital-based physician 
D)  Patients 
E)  Medicare

Question 6

Which of the following conditions does not tend to heat up price competition?

Accepted Answer

A)  Many sellers in the market 
B)  Products are differentiated/buyers have high switching costs 
C)  Some firms have excess capacity 
D)  The industry is stagnant or declining 
E)  There are large/infrequent sales orders 
A)  Many sellers in the market 
B)  Products are differentiated/buyers have high switching costs 
C)  Some firms have excess capacity 
D)  The industry is stagnant or declining 
E)  There are large/infrequent sales orders

Question 7

Which of the following is a complement to professional sports?

Accepted Answer

A)  Merchandise sales 
B)  Gambling 
C)  Luxury Boxes at stadiums 
D)  Food and beverage sales 
E)  None of the above 
A)  Merchandise sales 
B)  Gambling 
C)  Luxury Boxes at stadiums 
D)  Food and beverage sales 
E)  None of the above

Question 8

What entity as a supplier has the most substantial power over manufacturers in the commercial aircraft market?

Accepted Answer

A)  Raw materials suppliers 
B)  Airlines 
C)  Aircraft leasing companies 
D)  Unions 
E)  Passengers 
A)  Raw materials suppliers 
B)  Airlines 
C)  Aircraft leasing companies 
D)  Unions 
E)  Passengers

Question 9

What type of entrant would be described as a new entrant with no current brand identity,distribution channels or presence within an industry?

Accepted Answer

A)  Fast follower 
B)  Passive 
C)  Aggressive 
D)  Innovator 
E)  De novo 
A)  Fast follower 
B)  Passive 
C)  Aggressive 
D)  Innovator 
E)  De novo

Question 10

What professional sports complement poses the biggest dilemma?

Accepted Answer

A)  Cheerleaders 
B)  Mascots 
C)  Gambling 
D)  Television 
E)  Radio 
A)  Cheerleaders 
B)  Mascots 
C)  Gambling 
D)  Television 
E)  Radio

Who are the most powerful suppliers in professional sports?

What term refers to the ability of individual customers to negotiate purchase prices that extract profits from sellers?

What concept developed by Brandenburger and Nalebuff as a counterpart to Porter's five-forces consists of suppliers,customers,competitors and complementors?

Which of the following does not tend to affect the threat of entry?

Which of the following is generally thought of as a supplier in the hospital industry?

Which of the following conditions does not tend to heat up price competition?

Which of the following is a complement to professional sports?

What entity as a supplier has the most substantial power over manufacturers in the commercial aircraft market?

What type of entrant would be described as a new entrant with no current brand identity,distribution channels or presence within an industry?

What professional sports complement poses the biggest dilemma?

The Power of Principles: an Historical Perspective

Economies of Scale and Scope

The Vertical Boundaries of the Firm

Integration and Its Alternatives

Competitors and Competition

Entry and Exit

The Dynamics Competing Across Time

Strategic Positioning for Competitive Advantage

Information and Value Creation

Sustaining Competitive Advantage

Performance Measurement and Incentives

Strategy and Structure

Environment, power, and Culture

Filters

Exam 8: Industry Analysis

Who are the most powerful suppliers in professional sports?

What term refers to the ability of individual customers to negotiate purchase prices that extract profits from sellers?

What concept developed by Brandenburger and Nalebuff as a counterpart to Porter's five-forces consists of suppliers,customers,competitors and complementors?

Which of the following does not tend to affect the threat of entry?

Which of the following is generally thought of as a supplier in the hospital industry?

Which of the following conditions does not tend to heat up price competition?

Which of the following is a complement to professional sports?

What entity as a supplier has the most substantial power over manufacturers in the commercial aircraft market?

What type of entrant would be described as a new entrant with no current brand identity,distribution channels or presence within an industry?

What professional sports complement poses the biggest dilemma?

The Power of Principles: an Historical Perspective

Economies of Scale and Scope

The Vertical Boundaries of the Firm

Integration and Its Alternatives

Competitors and Competition

Entry and Exit

The Dynamics Competing Across Time

Strategic Positioning for Competitive Advantage

Information and Value Creation

Sustaining Competitive Advantage

Performance Measurement and Incentives

Strategy and Structure

Environment, power, and Culture

Filters