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Exam 2: Analyzing the External Environment of the Firm: Creating Competitive Advantages

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Question 41

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Supplier power has increased because of the Internet for all of the following reasons except

A) the growth of new Web-based businesses has created more outlets for suppliers to sell to.
B) software that links buyers to a supplier's website has created rapid, low-cost order capabilities.
C) the process of disintermediation makes it possible for some suppliers to reach end users directly.
D) some suppliers have created Web-based purchasing systems that encourage switching.

E) A) and B)
F) None of the above

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Question 42

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Scenario analysis is a form of environmental forecasting.

A) True
B) False

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Question 43

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Which of the following statements about strategic groups is false?

Crowdsourcing is one form of technology that affects multiple segments of the general environment.Which of the following is not an example of crowdsourcing?

The strengths and weaknesses of a SWOT analysis refer to the external conditions of the firm.

An automobile manufacturer acquires a rental car company.This is an example of

The same environmental trend or event may have a very different impact on different strategic groups within the same industry.

A Motel 6 executive indicates that he regularly reviews the number of rooms in the budget segment of the industry in the United States and the difference between the average daily room rate and the consumer price index (CPI).This is an example of Competitive Intelligence.

Salemi Industries launched Cell Zone unsuccessfully in 2005 because it did not understand the market demand for its new product.This is an example of

The SWOT analysis framework leads to a conceptually simple approach to identifying the important factors that constrain strategic choices without sacrificing analytical rigor.

The strategic groups concept is valuable for assessing the implications of industry ________ for the strategic group as a whole.

Code of Ethics guidelines can assist companies in avoiding aggressive competitive intelligence gathering that results from illegal behaviors.

In conducting a good industry analysis that will yield an improved understanding of the root causes of profitability,rigorous quantification of the five forces is not necessary.

To understand the business environment of a particular firm,you need to analyze both the general environment and the firm industry and competitive environment.

Industries characterized by high economies of scale typically attract fewer new entrants.

It is not important to consider the potential impact of government regulation when developing new innovations.

Strategic groups consist of a group of

The strategic groups concept is valuable for identifying groups with marginal competitive positions.

The Internet heightens the threat of substitutes because it creates new ways to accomplish the same task.

Michael Porter's five-forces Analysis is a dynamic tool for analyzing industry attractiveness.