MIT - PRELIM

1. It is the book written by Porter in the year 1980.

• Competitive Stages

• Competitive Strategy

• Competitive Services

• Competitive Struggles

2. It refers to the new competitors pose to existing competitors in an industry.

• Threat of new entrants

• Rivalry among competitors

• Spirit of competition

• Bargaining power of competitors

3. It refers to the pressure where consumers can exert on businesses to get them to provide higher quality products, better customer service, and lower prices.

• Suppliers bargaining power

• New entrants bargaining power

• Buyer bargaining power

• Rivalries bargaining power

4. It is the mirror image of the bargaining power of buyers and refers to the pressure that suppliers can put on companies by raising their prices, lowering their quality, or reducing the availability of their products.

• Bargaining Power of Suppliers

• Bargaining Power of Buyers

• Both of the above

• None of the above

• Rivalry of supplier and buyer

5. It is a measure of the extent of competition among existing firms.

• Extended competition

• Measurement of competition

• Firms competition

• Spirit of Competition

• Competitive rivalry

6. It occurs when companies within one industry are forced to compete with industries producing substitute products or services.

• Rivalry among competitors

• Threat of substitutes

• Bargaining power of suppliers

• Bargaining power of buyers

7. CISA is a certification for BSAIS, what does it mean?

• Certified Information Systems Accountant

• Certified Information Systems Auditor

• Certified Income Systems Administrator

• Certified Information of Science in Accountancy

• Certified Information Systems Accountancy

8. He is the owner and founder of Zara

• Amoncio Ortege

• Amancio Ortega

• Amancio Artego

• Amancio Ortiz

9. In 1972, Ortega founded his first company. What is the name of that company?

• Confecciones Goa

• Confections Goa

• Amancio Ortega

• Confecciones Gao

10. In 1964 a Greek-American comedy-drama film where Zobra is named after _________________

• Corba the Greek

• Cora the Greek

• Cobra the Great

• Zorba the Greek