5 Forces

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University

10 Qs

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5 Forces

5 Forces

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Eduardo Armando

Used 17+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The question business strategy wants to answer is:

Why some products sell more than others?

Why some companies are more profitable than others?

Why some managers are more effective than others?

All options are correct.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Michael Porter´s 5 Forces can be compared to:

What some business strategists label as operational environment.

To the conservation of forests in the 21st century.

To the 4Ps in Marketing.

All options are wrong.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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In order to sustain long-term profitability, you must:

Respond tactically to competition.

Look to what your direct competitors are doing and nothing else.

Look beyond competitors, trying to understand how competitive forces can hurt your prospective profits.

All options are correct.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Porter´s 5 forces framework arguments that powerful suppliers may:

Constrain your profits if they charge lower prices

Boost your profits if they charge higher prices

Help your business to become profitable.

All options are wrong.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Porter´s proposal is that by analyzing all 5 competitive forces, you:

Gain a complete picture of what’s influencing profitability in your industry.

Will be able to identify game-changing trends early and be in a better position to exploit them.

Will be able to spot ways to work around constraints on profitability— or even reshape the forces in your favor.

All options are correct.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

According to Porter´s 5 forces framework, a smart business strategist:

Wait for competitor´s moves to position his-her business.

Position his-her business where competitive forces are the strongest.

Position his-her business where competitive forces are the weakest.

All options are correct.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

In the 5 forces framework, Porter advocates that:

Good industry analysis looks rigorously at the structural underpinnings of profitability.

When doing industry analysis, appropriate time horizon is the same to all industries.

Profitability of different industries doesn’t change over time.

All options are correct.

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