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Several factors usually interact which result in intense rivalry among competitors.Explain.

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Several factors can contribute to intens...

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Two of the key inputs to developing forecasts discussed in the text are:


A) environmental scanning and stakeholder identification.
B) environmental scanning and competitor intelligence.
C) assessing internal strengths and environmental scanning.
D) environmental scanning and a SWOT analysis.

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

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


A) backward integration
B) economies of scale
C) forward integration
D) product differentiation

E) C) and D)
F) B) and C)

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Explain how competitor intelligence can be improved by gathering information about competitors in the public domain.Provide examples.

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Competitor intelligence can be improved ...

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Which is considered a force in the Five-Forces model?


A) increased deregulation in an industry
B) the threat of government intervention
C) rivalry among competing firms
D) recent technological innovation

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

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Scanning the general environment would identify information on _______________.


A) substitute goods
B) the aging population and ethnic shifts
C) customer and firm bargaining power
D) competitive rivalry

E) B) and D)
F) A) and D)

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SWOT analysis is a basic technique for analyzing firm and industry conditions.Explain the relationship between the SWOT approach to evaluating the general environment,the industry of the firm,and the competitive environment.

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The SWOT analysis is a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats of a business or organization. When applied to the general environment, the SWOT analysis helps to identify external factors that may impact the business, such as economic conditions, technological advancements, and regulatory changes. This allows the firm to assess how these factors may affect its operations and develop strategies to mitigate potential risks or take advantage of opportunities. When applied to the industry of the firm, the SWOT analysis helps to identify the competitive landscape, market trends, and industry-specific factors that may impact the business. This allows the firm to understand its position within the industry and identify areas for improvement or potential areas for growth. When applied to the competitive environment, the SWOT analysis helps to identify the strengths and weaknesses of competitors, as well as potential opportunities and threats posed by them. This allows the firm to develop strategies to differentiate itself from competitors and capitalize on its strengths while addressing any weaknesses or threats posed by competitors. Overall, the SWOT analysis provides a comprehensive understanding of the general environment, industry, and competitive environment, allowing the firm to make informed strategic decisions and develop effective strategies to achieve its goals.

The strategic groups in the worldwide automobile industry have been very stable and unchanging in recent years.

A) True
B) False

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Firms would be most likely to face intense rivalry with competitors when they _________.


A) are in a high growth industry with low fixed costs
B) are in a protected market
C) have high fixed costs
D) have low exit barriers for easy transition to another industry

E) B) and C)
F) A) and D)

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Discuss some of the limitations of forecasting.

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Forecasting is a valuable tool for busin...

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Emerging sociocultural changes in the environment include ____________.


A) changes in the ethnic composition
B) the increasing educational attainment of women in the past decade
C) progressively less disposable income by consumers
D) changes in the geographic distribution of the population

E) B) and C)
F) B) and D)

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B

The bargaining power of suppliers is enhanced under the following market condition:


A) no threat of forward integration
B) low differentiation of the supplier products
C) greater availability of substitute products
D) dominance by a few suppliers

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

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In the value net analysis,complementors are _________________.


A) firms that produce substitute products
B) customers who compliment the company for their good products and services
C) firms that produce products or services that have a positive impact on the value of firm products or services
D) firms that supply critical inputs to a company

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

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

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

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Competition tends to be more intense among firms within a strategic group than between strategic groups.

A) True
B) False

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Address how Internet and digital technologies affect the Porter five forces.

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The Internet and digital technologies ha...

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The bargaining power of suppliers increases as ____________.


A) more suppliers enter the market
B) importance of buyers to supplier group increases
C) switching costs for buyers decrease
D) threat of forward integration by suppliers increases

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

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In most industries,new entrants will be a bigger threat because the Internet lowers entry barriers.

A) True
B) False

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True

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

A) True
B) False

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A number of choices government officials make are based on projections about future interest rates.The projections are soft trends.

A) True
B) False

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