Question 1

Competitor Intelligence gathering is no different from spying.

Accepted Answer

A) True 
 B)False

Question 2

Scenario analysis draws on a range of disciplines and interests.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is an example of the interrelationship between the general and competitive environments?

Accepted Answer

A)   A decline in a nation's educational standards results in a decline in the nation's productivity
B)   A country's technological inferiority results in its enactment of strong trade barriers against importation
C)   Increased awareness of personal health leads to lower demand, and greater rivalry in the alcoholic beverages industry
D)   Greater awareness of the environment results in environmental legislationE) A) and C)
F) B) and C)

Question 4

When the US congress passed the Sarbanes-Oxley Act in 2002

Accepted Answer

A)   Canada deregulated the associations
B)   no similar Canadian legislation was developed
C)   Canada followed with similar provisions
D)   the provincial governments developed similar lawsE) None of the above
F) A) and C)

Question 5

Which of the following firms would likely pose the least competitive threat?

Accepted Answer

A)   A firm in the same industry and in the same strategic group
B)   A firm that produces substitute goods to your product line
C)   A competitor to your product where a high switching cost exists
D)   A firm in the same industry and in the nearest strategic group looking to join your groupE) B) and D)
F) B) and C)

Question 6

The same environmental trend can often have very different effects on firms within the same industry.

Accepted Answer

A) True 
 B)False

Question 7

The power of a buyer group is increased if the buyer group has less concentration than the supplier group.

Accepted Answer

A) True 
 B)False

Question 8

Environmental monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process.

Accepted Answer

A) True 
 B)False

Question 9

Supplier power tends to be highest in industries where products are vital to buyers,where switching from one supplier to another is very costly,and where there are many suppliers.

Accepted Answer

A) True 
 B)False

Question 10

Porter's five forces model is designed to help us understand how social attitudes and cultural values impact U.S.businesses.

Accepted Answer

A) True 
 B)False

Exam 2: Analyzing the External Environment of the Firm

The same environmental trend can often have very different effects on firms within the same industry.

Correct Answer
verified

Porter's five forces model is designed to help us understand how social attitudes and cultural values impact U.S.businesses.

Correct Answer
verified

Scenario analysis draws on a range of disciplines and interests.

Correct Answer
verified

Which of the following is an example of the interrelationship between the general and competitive environments?

Correct Answer
verified

Which of the following firms would likely pose the least competitive threat?

Correct Answer
verified

Supplier power tends to be highest in industries where products are vital to buyers,where switching from one supplier to another is very costly,and where there are many suppliers.

Correct Answer
verified

Competitor Intelligence gathering is no different from spying.

Correct Answer
verified

Environmental monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process.

Correct Answer
verified

When the US congress passed the Sarbanes-Oxley Act in 2002

Correct Answer
verified

The power of a buyer group is increased if the buyer group has less concentration than the supplier group.

Correct Answer
verified

Exam 2: Analyzing the External Environment of the Firm

The same environmental trend can often have very different effects on firms within the same industry.

Correct AnswerverifiedShow Answer

Porter's five forces model is designed to help us understand how social attitudes and cultural values impact U.S.businesses.

Correct AnswerverifiedShow Answer

Scenario analysis draws on a range of disciplines and interests.

Correct AnswerverifiedShow Answer

Which of the following is an example of the interrelationship between the general and competitive environments?

Correct AnswerverifiedShow Answer

Which of the following firms would likely pose the least competitive threat?

Correct AnswerverifiedShow Answer

Supplier power tends to be highest in industries where products are vital to buyers,where switching from one supplier to another is very costly,and where there are many suppliers.

Correct AnswerverifiedShow Answer

Competitor Intelligence gathering is no different from spying.

Correct AnswerverifiedShow Answer

Environmental monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process.

Correct AnswerverifiedShow Answer

When the US congress passed the Sarbanes-Oxley Act in 2002

Correct AnswerverifiedShow Answer

The power of a buyer group is increased if the buyer group has less concentration than the supplier group.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
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