Question 1

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 2

Which of the following is true about hospital industry profits from 1980 to 2000 and a five forces analysis?

Accepted Answer

A) Virtually every factor caused profits to increase 
B) Virtually every factor caused profits to decrease 
C) Most factors are not applicable to the industry 
D) The Value Net cannot be used to evaluate the industry 
E) None of the above 
A) Virtually every factor caused profits to increase 
B) Virtually every factor caused profits to decrease 
C) Most factors are not applicable to the industry 
D) The Value Net cannot be used to evaluate the industry 
E) None of the above

Question 3

Which of following factors should be considered when assessing complements and substitutes?

Accepted Answer

A) Availability of close substitutes and/or complements 
B) Price-value characteristics of substitutes/complements 
C) Price elasticity of industry demand 
D) All of the above 
E) None of the above 
A) Availability of close substitutes and/or complements 
B) Price-value characteristics of substitutes/complements 
C) Price elasticity of industry demand 
D) All of the above 
E) None of the above

Question 4

Which of the following is not a component of the Value Net?

Accepted Answer

A) Suppliers 
B) Customers 
C) Competitors 
D) Supplementors 
E) Complementors 
A) Suppliers 
B) Customers 
C) Competitors 
D) Supplementors 
E) Complementors

Question 5

Which of the following is the most likely substitute for commercial aircraft travel between Chicago and Tokyo?

Accepted Answer

A) Bicycle 
B) Teleconferencing 
C) Automobile 
D) Commuter train 
E) Walking 
A) Bicycle 
B) Teleconferencing 
C) Automobile 
D) Commuter train 
E) Walking

Question 6

How did European governments help Airbus aggressively pursue a 50% market share in its early years of operation?

Accepted Answer

A) Subsidies 
B) High-interest loans 
C) Helping to ensure scope economies from military aircraft division 
D) Paying in excess of cost for military aircraft 
E) Guaranteeing a set level of annual aircraft purchases 
A) Subsidies 
B) High-interest loans 
C) Helping to ensure scope economies from military aircraft division 
D) Paying in excess of cost for military aircraft 
E) Guaranteeing a set level of annual aircraft purchases

Question 7

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 8

Substitutes erode profits because of which of the following factor?

Accepted Answer

A) Substitutes compete for similar inputs driving up production costs 
B) Substitutes divide demand and drive up internal rivalry 
C) Firms producing substitutes use similar worker skills dividing the labor pool 
D) Manufacturers of substitutes enter markets later and have lower sunk costs 
E) None of the above 
A) Substitutes compete for similar inputs driving up production costs 
B) Substitutes divide demand and drive up internal rivalry 
C) Firms producing substitutes use similar worker skills dividing the labor pool 
D) Manufacturers of substitutes enter markets later and have lower sunk costs 
E) None of the above

Question 9

In which of the following ways can entry erode incumbents' profits?

Accepted Answer

A) Entrants divide market demand among fewer sellers 
B) Entrants decrease market concentration 
C) Entrants usually grow the market for all parties 
D) Entrants increase market concentration 
E) Entrants reduce internal rivalry 
A) Entrants divide market demand among fewer sellers 
B) Entrants decrease market concentration 
C) Entrants usually grow the market for all parties 
D) Entrants increase market concentration 
E) Entrants reduce internal rivalry

Question 10

In which of the following ways can entry erode incumbents' profits?

Accepted Answer

A) Entrants divide market demand among fewer sellers 
B) Entrants decrease market concentration 
C) Entrants usually grow the market for all parties 
D) Entrants increase market concentration 
E) Entrants reduce internal rivalry 
A) Entrants divide market demand among fewer sellers 
B) Entrants decrease market concentration 
C) Entrants usually grow the market for all parties 
D) Entrants increase market concentration 
E) Entrants reduce internal rivalry

Question 11

Which of the following is not a significant entry barrier in the commercial airframe manufacturing market?

Accepted Answer

A) High development costs 
B) Learning curve in production 
C) Raw materials and labor 
D) Airlines prefer to purchase from the same manufacturer 
E) Airlines are reluctant to purchase from startups 
A) High development costs 
B) Learning curve in production 
C) Raw materials and labor 
D) Airlines prefer to purchase from the same manufacturer 
E) Airlines are reluctant to purchase from startups

Question 12

Which of the following best describes the term,internal rivalry?

Accepted Answer

A) Divisions competing within a firm for resources 
B) Differing product lines from one manufacturer competing 
C) Firms jockeying for share within a market. 
D) Firms competing for resources to produce goods 
E) Suppliers dividing factors between competing firms 
A) Divisions competing within a firm for resources 
B) Differing product lines from one manufacturer competing 
C) Firms jockeying for share within a market. 
D) Firms competing for resources to produce goods 
E) Suppliers dividing factors between competing firms

Question 13

Which of the following is not a potential limitation of the five-forces framework?

Accepted Answer

A) It pays little attention to factors that might affect demand 
B) It focuses on a whole industry rather than on individual firms that may occupy unique positions that insulate them from some competitive forces 
C) The framework does not explicitly account for the role of government,except when government is a supplier or buyer 
D) The framework provides a structured way to systematically work through wide-ranging and often complex issues 
E) The framework is a qualitative analysis method 
A) It pays little attention to factors that might affect demand 
B) It focuses on a whole industry rather than on individual firms that may occupy unique positions that insulate them from some competitive forces 
C) The framework does not explicitly account for the role of government,except when government is a supplier or buyer 
D) The framework provides a structured way to systematically work through wide-ranging and often complex issues 
E) The framework is a qualitative analysis method

Question 14

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

Accepted Answer

A) Pharmaceutical drug houses 
B) Medical equipment companies 
C) Technician 
D) Patients 
E) Nurse 
A) Pharmaceutical drug houses 
B) Medical equipment companies 
C) Technician 
D) Patients 
E) Nurse

Question 15

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

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

Which of the following is true about hospital industry profits from 1980 to 2000 and a five forces analysis?

Which of following factors should be considered when assessing complements and substitutes?

Which of the following is not a component of the Value Net?

Which of the following is the most likely substitute for commercial aircraft travel between Chicago and Tokyo?

How did European governments help Airbus aggressively pursue a 50% market share in its early years of operation?

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

Substitutes erode profits because of which of the following factor?

In which of the following ways can entry erode incumbents' profits?

In which of the following ways can entry erode incumbents' profits?

Which of the following is not a significant entry barrier in the commercial airframe manufacturing market?

Which of the following best describes the term,internal rivalry?

Which of the following is not a potential limitation of the five-forces framework?

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

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

The Power of Principles: A Historical Perspective

The Horizontal Boundaries of the Firm

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

Economics Primer

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Exam 8: Industry Analysis

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

Which of the following is true about hospital industry profits from 1980 to 2000 and a five forces analysis?

Which of following factors should be considered when assessing complements and substitutes?

Which of the following is not a component of the Value Net?

Which of the following is the most likely substitute for commercial aircraft travel between Chicago and Tokyo?

How did European governments help Airbus aggressively pursue a 50% market share in its early years of operation?

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

Substitutes erode profits because of which of the following factor?

In which of the following ways can entry erode incumbents' profits?

In which of the following ways can entry erode incumbents' profits?

Which of the following is not a significant entry barrier in the commercial airframe manufacturing market?

Which of the following best describes the term,internal rivalry?

Which of the following is not a potential limitation of the five-forces framework?

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

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

The Power of Principles: A Historical Perspective

The Horizontal Boundaries of the Firm

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

Economics Primer

Filters