
Core Concepts & Analytical Tools Quiz
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36 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company’s “macro-environment” refers to:
the industry and competitive arena in which the company operates.
general economic conditions plus the factors driving change in the markets being served.
all the relevant forces and factors outside a company’s boundaries–general economic conditions, population demographics, societal values and lifestyles, technological factors, and governmental legislation and regulation.
the competitive market environment that exists between a company and its competitors.
the dominant economic features of a company’s industry
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is not part of a company’s macro-environment?
Conditions in the economy at large
Population demographics and societal values and lifestyles
Technological factors
Governmental regulations and legislation
The company’s resource strengths, resource weaknesses, and competitive capabilities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a major question to ask in thinking strategically about industry and competitive conditions in a given industry?
How many companies in the industry have good track records for revenue growth and profitability?
What strategic moves are rivals likely to make next?
What are the key factors for future competitive success?
Does the outlook for the industry offer good prospects for profitability?
What forces are driving changes in the industry, and what impact will these changes have on competitive intensity and industry profitability?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
the forces driving change in the industry.
the dominant economic features of the industry in which the company operates.
the kinds and strengths of competitive forces industry members are facing.
the key factors of success in the industry.
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a factor to consider in identifying an industry’s dominant economic features?
The market size, growth rate and prospects
The scope of competitive rivalry including geographic area
The market demand-supply conditions
How strong driving forces and competitive forces are
The role and pace of technological change
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a relevant consideration in identifying an industry’s dominant economic features?
Market size and growth rate, the geographic scope of competitive rivalry, and demand-supply conditions
How many strategic groups the industry has and which ones are most profitable and least profitable
The number and sizes of buyers, the number of rivals, and the pace of product innovation
The pace of technological change
The current industry position in its life cycle to reveal the industry’s growth prospects
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The state of competition in an industry is a function of
the competitive pressures associated with rivalry among competing sellers to attract customers.
competitive pressures coming from the attempts of companies in other industries attempting to win buyers over to their substitute products.
competitive pressures associated with the threat of new entrants into the marketplace.
competitive pressures associated with the bargaining power of suppliers and customers.
All of these
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