1.award:10 out of10.00 pointsIndustries characterized by incumbent firms with high economies of scale typically attract more new entrants.TrueFalse2.award:10 out of10.00 pointsGlobal monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process.True False3.award:10 out of10.00 pointsNumerous equally balanced competitors selling products that lack differentiation in a slow growth industry are most likely to experience high___________.threat of substitute productsthreat of new entrantsbargaining power of suppliers intensity of rivalry among competitors4.award:10 out of10.00 pointsTechnological innovations have no effect on industries in their entireties, just on individual products.True False5.award:10 out of10.00 pointsMajor airlines change hundreds of fares daily in response to competitor tactics, which is an example of using_________.scenario analysiscorporate espionageswitching costs competitive intelligence6.award:10 out of10.00 pointsThe aging of the U.S. population is both a demographic trend and also part of the economic segment of the general environment, since it hasimplications for tax policies. TrueFalse7.award:10 out of10.00 pointsBecause ________ often make it possible for young firms to provide services that are equivalent or superior to an incumbent, a new entrantmay be able to serve a market more effectively, with more personalized services and greater attention to product details. digital technologiesstrategic groupsbackward and forward integrationentry barriers8.award:10 out of10.00 pointsWhich of the following is not an important element of the political/legal segment of the general environment?Americans with Disabilities Act (ADA)tort reformderegulation of utilities and other industriesgenetic engineering9.award:10 out of10.00 pointsEnvironmental __________ involves developing plausible projections about the direction, scope, and speed of environmental change.predictionmodeling forecastingprojection10.award:10 out of10.00 pointsPPG emphasizes ________ in its strategic planning; it develops four alternative futures based on two key variables, the cost of energy and theextent of growth opportunities in emerging markets.SWOT analysisPorter’s Five-Forces model scenario analysisstrategic groups11.award:10 out of10.00 pointsTechnology advances have resulted in disintermediation, which is the removal of organizations or business process layers responsible forintermediary steps in the value chain of many industries. TrueFalse12.award:10 out of10.00 pointsCurrency exchange rates are an example of which segment of the general environment?political/legaleconomicdemographic global13.award:10 out of10.00 pointsAll automobile makers around the world are in the same strategic group because they manufacture automobiles. TrueFalse14.award:10 out of10.00 pointsThe possibility that the profits of established firms in the industry may be eroded by new competitors is known in the five-forces model as_______.the intensity of rivalry among competitorsthe bargaining power of suppliers the threat of new entrantsthe threat of substitute products15.award:10 out of10.00 pointsWhich of the following is NOT a reason that a manager should be familiar with the Porter Five-Forces model?It clarifies whether your firm should remain in or exit an industry.It suggests methods for discouraging new rivals from competing against your firm. It identifies which demographic trends will be most important in the short-term.It helps justify changes in resource allocation.16.award:10 out of10.00 pointsIf able to maintain a credible threat of forward integration, the power of suppliers will be enhanced. TrueFalse17.award:10 out of10.00 pointsTypically, a firm has a substantial ability to control trends in its general environment, if it is able to correctly predict them.True False18.award:10 out of10.00 pointsWhen is the bargaining power of the buyer greater than that of the supplier?when cost savings from the supplier’s product are minimal when the buyer’s profit margin is lowwhen the volume of purchase is lowwhen the threat of backward integration by buyers is low19.award:10 out of10.00 pointsWhich of the following is not an explanation for the existence of exit barriers?governmental and social pressures excessive local profitsspecialized assets with no alternative usestrategic interrelationships with other business units within the same company20.award:10 out of10.00 pointsUnder which conditions, according to the Porter Five Forces model, can a supplier group gain power?all of thesewhen there is low differentiation by the supplierwhen there is not a dominance by a few suppliers when there is a lack of importance of the buyer to the supplier group1.award:10 out of10.00 pointsIndustries characterized by incumbent firms with high economies of scale typically attract more new entrants.TrueFalse2.award:10 out of10.00 pointsGlobal monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process.True False3.award:10 out of10.00 pointsNumerous equally balanced competitors selling products that lack differentiation in a slow growth industry are most likely to experience high___________.threat of substitute productsthreat of new entrantsbargaining power of suppliers intensity of rivalry among competitors4.award:10 out of10.00 pointsTechnological innovations have no effect on industries in their entireties, just on individual products.True False5.award:10 out of10.00 pointsMajor airlines change hundreds of fares daily in response to competitor tactics, which is an example of using_________.scenario analysiscorporate espionageswitching costs competitive intelligence6.award:10 out of10.00 pointsThe aging of the U.S. population is both a demographic trend and also part of the economic segment of the general environment, since it hasimplications for tax policies. TrueFalse7.award:10 out of10.00 pointsBecause ________ often make it possible for young firms to provide services that are equivalent or superior to an incumbent, a new entrantmay be able to serve a market more effectively, with more personalized services and greater attention to product details. digital technologiesstrategic groupsbackward and forward integrationentry barriers8.award:10 out of10.00 pointsWhich of the following is not an important element of the political/legal segment of the general environment?Americans with Disabilities Act (ADA)tort reformderegulation of utilities and other industriesgenetic engineering9.award:10 out of10.00 pointsEnvironmental __________ involves developing plausible projections about the direction, scope, and speed of environmental change.predictionmodeling forecastingprojection10.award:10 out of10.00 pointsPPG emphasizes ________ in its strategic planning; it develops four alternative futures based on two key variables, the cost of energy and theextent of growth opportunities in emerging markets.SWOT analysisPorter’s Five-Forces model scenario analysisstrategic groups11.award:10 out of10.00 pointsTechnology advances have resulted in disintermediation, which is the removal of organizations or business process layers responsible forintermediary steps in the value chain of many industries. TrueFalse12.award:10 out of10.00 pointsCurrency exchange rates are an example of which segment of the general environment?political/legaleconomicdemographic global13.award:10 out of10.00 pointsAll automobile makers around the world are in the same strategic group because they manufacture automobiles. TrueFalse14.award:10 out of10.00 pointsThe possibility that the profits of established firms in the industry may be eroded by new competitors is known in the five-forces model as_______.the intensity of rivalry among competitorsthe bargaining power of suppliers the threat of new entrantsthe threat of substitute products15.award:10 out of10.00 pointsWhich of the following is NOT a reason that a manager should be familiar with the Porter Five-Forces model?It clarifies whether your firm should remain in or exit an industry.It suggests methods for discouraging new rivals from competing against your firm. It identifies which demographic trends will be most important in the short-term.It helps justify changes in resource allocation.16.award:10 out of10.00 pointsIf able to maintain a credible threat of forward integration, the power of suppliers will be enhanced. TrueFalse17.award:10 out of10.00 pointsTypically, a firm has a substantial ability to control trends in its general environment, if it is able to correctly predict them.True False18.award:10 out of10.00 pointsWhen is the bargaining power of the buyer greater than that of the supplier?when cost savings from the supplier’s product are minimal when the buyer’s profit margin is lowwhen the volume of purchase is lowwhen the threat of backward integration by buyers is low19.award:10 out of10.00 pointsWhich of the following is not an explanation for the existence of exit barriers?governmental and social pressures excessive local profitsspecialized assets with no alternative usestrategic interrelationships with other business units within the same company20.award:10 out of10.00 pointsUnder which conditions, according to the Porter Five Forces model, can a supplier group gain power?all of thesewhen there is low differentiation by the supplierwhen there is not a dominance by a few suppliers when there is a lack of importance of the buyer to the supplier group
