Exam 16: Strategic Elements of Competitive Advantage

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Michael E.Porter,a leading theorist of competitive strategy,developed a five forces model to explain competition in an industry.List these forces and describe the impact of the threat of new entrants.

(Essay)

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Question 81

Francisco Martínez is CFO of Comercial Mexicana SA,a retail chain in Mexico.Commenting on Walmart's entry into Mexico,Mr.Martínez notes,"I buy 20,000 plastic toys,and Walmart buys 20 million.Who do you think gets them cheaper?" Which strategic principles are evident in this comment?

(Multiple Choice)

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Question 82

In the case of Volkswagen,dealers are its key consumers while individual car buyers are its key consumers.

(True/False)

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Question 83

Which of the following is not identified by Porter as one of the possible types of barriers to entry in an industry?

(Multiple Choice)

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Question 84

What does the phrase factor condition refer to? How can these factors be inherited or created? Describe Porter's categories of factor conditions.

(Essay)

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Question 85

According to Michael Porter's research on the competitive advantage of nations,human,physical,knowledge,capital,and infrastructure resources are all components of a country's:

(Multiple Choice)

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Question 86

The rivalry between Dell,Hewlett-Packard,Gateway,Compaq,and Apple forces all the players to undertake all of the following except:

(Multiple Choice)

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Question 87

Mitsubishi Heavy Industries Ltd.and other Japanese companies manufacture airplanes under license to U.S.firms and also work as subcontractors for aircraft parts and systems.This type of effort is known as:

(Multiple Choice)

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Question 88

Competition in an industry tends to drive rates of return on invested capital up towards the level of "perfect competition."

(True/False)

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Question 89

Factors which determine suppliers' ability to gain leverage over industry firms include all of the following except:

(Multiple Choice)

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Question 90

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Michael E.Porter,a leading theorist of competitive strategy,developed a five forces model to explain competition in an industry.List these forces and describe the impact of the threat of new entrants.

Francisco Martínez is CFO of Comercial Mexicana SA,a retail chain in Mexico.Commenting on Walmart's entry into Mexico,Mr.Martínez notes,"I buy 20,000 plastic toys,and Walmart buys 20 million.Who do you think gets them cheaper?" Which strategic principles are evident in this comment?

In the case of Volkswagen,dealers are its key consumers while individual car buyers are its key consumers.

Which of the following is not identified by Porter as one of the possible types of barriers to entry in an industry?

What does the phrase factor condition refer to? How can these factors be inherited or created? Describe Porter's categories of factor conditions.

According to Michael Porter's research on the competitive advantage of nations,human,physical,knowledge,capital,and infrastructure resources are all components of a country's:

The rivalry between Dell,Hewlett-Packard,Gateway,Compaq,and Apple forces all the players to undertake all of the following except:

Mitsubishi Heavy Industries Ltd.and other Japanese companies manufacture airplanes under license to U.S.firms and also work as subcontractors for aircraft parts and systems.This type of effort is known as:

Competition in an industry tends to drive rates of return on invested capital up towards the level of "perfect competition."

Factors which determine suppliers' ability to gain leverage over industry firms include all of the following except:

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Importing,Exporting,and Sourcing

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Leadership, Organization, and Corporate Social Responsibility

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