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

The ______ environment is composed of dimensions in the broader society that can influence an industry and the firms within it.

When Delta Air Lines wants to study Continental Airlines, it must examine both Continental and its complementor, Star Alliance.

All of the following are examples of efforts by firms to address the physical segment of the general:

An analysis of income distribution would include all of the following EXCEPT:

The concepts of Guanxi, Wa, and Inhwa all convey the general idea of:

The competition within each strategic group is:

What do firms need to know about their competitors? What legal and ethical intelligence-gathering techniques can be used to obtain this information?

Globalfocusing is often used by firms with high levels of international operations who further increase their internationalization by focusing on global niche markets.

DWK Foods has developed a line of cookies and candies sweetened exclusively with organic honey. Although DWK is selling some of the products over the Internet, in order to gain economies of scale the products must be sold in retail outlets as well. The main barrier to entry DWK is likely to encounter here is:

A general environmental analysis can be expected to produce all of the following EXCEPT:

All of the following are implications of strategic groups EXCEPT:

The communications industry is broadly defined as encompassing all of the following EXCEPT:

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

An attractive industry is one that is characterized by high entry barriers, suppliers and buyers with strong bargaining power, low threats from substitute products, or low rivalry among firms.

Global warming and energy consumption trends are aspects of the ______ segment of the general environment that firms should monitor.

The threat from substitutes is high when:

In a suburban community outside a city in Alabama, a retail store opened that specialized in dancewear for children and adults. It was moderately successful for five years until the local newspaper published an exposé that scanty lingerie stocked in the back of the store's showroom was selling briskly to a certain clientele. Afterward, the store lost most of its customers and nearly closed. Which segment of the environment did the store owners fail to take into account when they began selling the lingerie?

How is consolidation among fuel providers serving airport facilities viewed in the five forces model of competition?

An analysis of society's attitudes and values would be conducted when studying the ______ segment of the general environment.

Contrary to popular belief, the global segment of the external environment does not provide many opportunities for firms that recently experienced low growth and profits coming from emerging markets.