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

Golden Lotus, an exercise club targeting healthy individuals over 50, is located in a fast-growing city in the Southwest. Which of the following factors that may have an effect on the success of Golden Lotus is the most directly controllable by the company?

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

The more distant strategic groups are in terms of their strategies, the greater the likelihood of rivalry between the groups.

Media content has moved from paper, tape, and film to a digital world based on Internet technology. From the perspective of the five forces model, which force is most relevant here?

All of the following are aspects of the political/legal segment of the general environment EXCEPT:

When consumers change mobile phone and data service providers, they may be required to maintain service with the provider for a specified time period.  This is an example of a: 

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 have to manage when contending with scarce resources.

An example of a government policy barrier to entry would be a scenario in which the Antitrust Division of the Department of Justice disallows a merger because it creates a firm that is too dominant and would thus create unfair competition.

Applications developed for iPhones make the phone more valuable to iPhone users.  App developers are ______ to Apple.

The objective of assessing the external environment is to determine the timing and importance of the effects of environmental changes and trends on the strategic management of the firm.

Which of the following represents a competitive intelligence practice that is both legal and ethical?

The environmental segments that make up the general environment typically will NOT include:

Environmental scanning would be most important for which of the following organizations?

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

Which of the following would NOT be identified in an analysis of the economic portion of the general environment?

The use of the Internet by Netflix to collect data on customer preferences is an example of:

When analysts develop feasible projections of future events and how quickly they will occur based on observed changes and trends, they are: engaged in

Strategic groups are firms in different industries following the same or similar strategies.

Because of threats and risks in the global environment, some firms choose to take a more cautious approach by:

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