Question 1

The U.S.major home appliance industry is an example of an industry

Accepted Answer

A)  that has evolved from an oligopoly to a monopoly. 
B)  in which each company maintained a distinct product line. 
C)  that was once fragmented, but now is consolidated. 
D)  that has experienced consistent, increasing sales. 
E)  experiencing a successful strategy of product specialization because of product differentiation. 
A)  that has evolved from an oligopoly to a monopoly. 
B)  in which each company maintained a distinct product line. 
C)  that was once fragmented, but now is consolidated. 
D)  that has experienced consistent, increasing sales. 
E)  experiencing a successful strategy of product specialization because of product differentiation.

Question 2

McDonald's and Olive Garden are in the same strategic group.

Accepted Answer

A) True 
 B)False

Question 3

A sugar company that is worried that consumers may buy artificial sweetener instead of sugar is concerned about the

Accepted Answer

A)  threat of new entrants. 
B)  rivalry among existing firms. 
C)  threat of substitute products. 
D)  bargaining power of suppliers. 
E)  bargaining power of buyers. 
A)  threat of new entrants. 
B)  rivalry among existing firms. 
C)  threat of substitute products. 
D)  bargaining power of suppliers. 
E)  bargaining power of buyers.

Question 4

An entry barrier is an obstruction that makes it difficult for a company to enter an industry.

Accepted Answer

A) True 
 B)False

Question 5

Which is the largest age group of the current generations in all developed countries?

Accepted Answer

A)  Baby Boomers 
B)  Woofies 
C)  Silent Generation 
D)  Gen X 
E)  Gen Y 
A)  Baby Boomers 
B)  Woofies 
C)  Silent Generation 
D)  Gen X 
E)  Gen Y

Question 6

The strength of each of the six driving forces of industry competition varies according to the

Accepted Answer

A)  effectiveness of the strategic planning. 
B)  stage of industry evolution. 
C)  capital requirements. 
D)  changes in the political environment. 
E)  amount of government regulation. 
A)  effectiveness of the strategic planning. 
B)  stage of industry evolution. 
C)  capital requirements. 
D)  changes in the political environment. 
E)  amount of government regulation.

Question 7

Which type of international industry manufactures and sells the same products with only minor adjustments made for individual countries around the world?

Accepted Answer

A)  consortium industry 
B)  global industry 
C)  indigenous industry 
D)  multi-domestic industry 
E)  worldwide industry 
A)  consortium industry 
B)  global industry 
C)  indigenous industry 
D)  multi-domestic industry 
E)  worldwide industry

Question 8

A.C.Nielsen is an example of an outside organization providing a firm with competitive intelligence.

Accepted Answer

A) True 
 B)False

Question 9

Which barrier to entry was demonstrated by Microsoft's development of the first widely adopted operating system (MS-DOS) for the IBM-type personal computer that gave it a significant competitive advantage over potential competitors?

Accepted Answer

A)  government policy 
B)  access to distribution channels 
C)  cost disadvantages independent of size 
D)  capital requirements 
E)  economies of scale 
A)  government policy 
B)  access to distribution channels 
C)  cost disadvantages independent of size 
D)  capital requirements 
E)  economies of scale

Question 10

In dynamic environments,the CEO's focus is on forces in the societal environment.

Accepted Answer

A) True 
 B)False

Question 11

An example of an economic variable in the societal environment is interest rates.

Accepted Answer

A) True 
 B)False

Question 12

Discuss the most commonly practiced form of forecasting.

Accepted Answer

Trend extrapolation is the most widely p

Question 13

In a fragmented industry

Accepted Answer

A)  no firm has large market share. 
B)  prices increase as new competitors enter the market. 
C)  economies of scale are rarely used to reduce costs. 
D)  companies avoid integration to further reduce costs. 
E)  the experience curve is ineffective in reducing costs. 
A)  no firm has large market share. 
B)  prices increase as new competitors enter the market. 
C)  economies of scale are rarely used to reduce costs. 
D)  companies avoid integration to further reduce costs. 
E)  the experience curve is ineffective in reducing costs.

Question 14

Booz & Company found that companies that are most successful at avoiding surprises had a well-defined system that integrated planning,budgeting,and business reviews.

Accepted Answer

A) True 
 B)False

Question 15

An industry scenario is a forecasted description of a particular industry's likely future.It is developed by analyzing the probable impact of future societal forces on key groups in a particular industry.

Accepted Answer

A) True 
 B)False

Question 16

All of the following are technological breakthroughs already having a significant impact on many industries EXCEPT

Accepted Answer

A)  growing health consciousness. 
B)  alternative energy sources. 
C)  genetically altered organisms. 
D)  smart, mobile robots. 
E)  virtual personal assistants. 
A)  growing health consciousness. 
B)  alternative energy sources. 
C)  genetically altered organisms. 
D)  smart, mobile robots. 
E)  virtual personal assistants.

Question 17

Which of the following is not a major force in the societal environment?

Accepted Answer

A)  political-legal forces 
B)  labor forces 
C)  economic forces 
D)  technological forces 
E)  sociocultural forces 
A)  political-legal forces 
B)  labor forces 
C)  economic forces 
D)  technological forces 
E)  sociocultural forces

Question 18

NutraSweet can serve as a product substitute for sugar satisfying the same need.

Accepted Answer

A) True 
 B)False

Question 19

Which barrier to entry uses cost advantages associated with large size?

Accepted Answer

A)  rivalry among existing firms 
B)  switching costs 
C)  cost disadvantages independent of size 
D)  capital requirements 
E)  economies of scale 
A)  rivalry among existing firms 
B)  switching costs 
C)  cost disadvantages independent of size 
D)  capital requirements 
E)  economies of scale

The U.S.major home appliance industry is an example of an industry

McDonald's and Olive Garden are in the same strategic group.

A sugar company that is worried that consumers may buy artificial sweetener instead of sugar is concerned about the

An entry barrier is an obstruction that makes it difficult for a company to enter an industry.

Which is the largest age group of the current generations in all developed countries?

The strength of each of the six driving forces of industry competition varies according to the

Which type of international industry manufactures and sells the same products with only minor adjustments made for individual countries around the world?

A.C.Nielsen is an example of an outside organization providing a firm with competitive intelligence.

Which barrier to entry was demonstrated by Microsoft's development of the first widely adopted operating system (MS-DOS) for the IBM-type personal computer that gave it a significant competitive advantage over potential competitors?

In dynamic environments,the CEO's focus is on forces in the societal environment.

An example of an economic variable in the societal environment is interest rates.

Discuss the most commonly practiced form of forecasting.

In a fragmented industry

Booz & Company found that companies that are most successful at avoiding surprises had a well-defined system that integrated planning,budgeting,and business reviews.

An industry scenario is a forecasted description of a particular industry's likely future.It is developed by analyzing the probable impact of future societal forces on key groups in a particular industry.

All of the following are technological breakthroughs already having a significant impact on many industries EXCEPT

Which of the following is not a major force in the societal environment?

NutraSweet can serve as a product substitute for sugar satisfying the same need.

Which barrier to entry uses cost advantages associated with large size?

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 4: Environmental Scanning and Industry Analysis

The U.S.major home appliance industry is an example of an industry

McDonald's and Olive Garden are in the same strategic group.

A sugar company that is worried that consumers may buy artificial sweetener instead of sugar is concerned about the

An entry barrier is an obstruction that makes it difficult for a company to enter an industry.

Which is the largest age group of the current generations in all developed countries?

The strength of each of the six driving forces of industry competition varies according to the

Which type of international industry manufactures and sells the same products with only minor adjustments made for individual countries around the world?

A.C.Nielsen is an example of an outside organization providing a firm with competitive intelligence.

Which barrier to entry was demonstrated by Microsoft's development of the first widely adopted operating system (MS-DOS) for the IBM-type personal computer that gave it a significant competitive advantage over potential competitors?

In dynamic environments,the CEO's focus is on forces in the societal environment.

An example of an economic variable in the societal environment is interest rates.

Discuss the most commonly practiced form of forecasting.

In a fragmented industry

Booz & Company found that companies that are most successful at avoiding surprises had a well-defined system that integrated planning,budgeting,and business reviews.

An industry scenario is a forecasted description of a particular industry's likely future.It is developed by analyzing the probable impact of future societal forces on key groups in a particular industry.

All of the following are technological breakthroughs already having a significant impact on many industries EXCEPT

Which of the following is not a major force in the societal environment?

NutraSweet can serve as a product substitute for sugar satisfying the same need.

Which barrier to entry uses cost advantages associated with large size?

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters