CBMEC1 WEEK2 QUIZ

Porter's Five Forces analysis is a framework that helps to analyze the level of competition across industries.

• True

• False, across

• False, framework

• False, analyze

The following belong to the "threat of new entrants", EXCEPT:

• Switching Cost

• Brand loyalty

• Industry Growth

• Economies of Scale

Which of the following is under the "threat of substitute" category?

• Switching Cost

• Price Sensitivity

• Size of Suppliers

• Brand Loyalty

What do you think is the obvious FORCE that might affect if you would like to increase your price against the price of your competitors?

• Threat of Substitute

• Bargaining power of Suppliers

• Threat of New Entrants

• Bargaining Power of Buyers

What does the second E in PESTEL Analysis mean?

According to some authors, there should be a 6th force for understanding strategic alliances and joint ventures. What is the name of the 6th force?

The extended model with the 6th force is known as:

• Value Net Model

• VRIO Framework

• Value Chain Analysis

• PESTEL Analysis

Which of the following is NOT under the Rivalry among Existing Competitors?

• Industry Life Cycle

• Diversity of Competitors

• Number of Competitors

• Concentration of Buyers

P in PESTEL stands for:

• Political

• Politics

• Physical

• Physiological

Companies that produce goods or services for which there are no close substitutes will have more power to increase prices and lock in favorable terms.

• True

• False