Multiple Select Question
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What do the best firms in an industry seek to identify and manage on an ongoing basis as sources to respond to their external environment?
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Select all that apply
What do the best firms in an industry seek to identify and manage on an ongoing basis as sources to respond to their external environment?
Answer ModeMultiple Select QuestionYour Answer correctWhat do the best firms in an industry seek to identify and manage on an ongoing basis as sources to respond to their external environment?Multiple select question.core competenciescorrectresourcescorrectcapabilitiescorrectinternal weaknesses...
Read MoreWhich of the following were resources and capabilities that helped Five Guys gain a competitive advantage and develop into a successful restaurant chain? (More than one answer may be correct.)
Your Answer correctWhich of the following were resources and capabilities that helped Five Guys gain a competitive advantage and develop into a successful restaurant chain? (More than one answer may be correct.)Multiple select question.Never using the highest-priced vendor for a productFoc...
Read MoreFirms have a tendency to change the industry structure in their favor, making it more through horizontal mergers and acquisitions, since this tends to be more profitable than a fragmented one.
Your Answer correctFirms have a tendency to change the industry structure in their favor, making it more Blank______ through horizontal mergers and acquisitions, since this tends to be more profitable than a fragmented one.Multiple choice question.competitiveReason: Since a conso...
Read MoreWhich of the following are essential questions that strategic leaders need to consider to increase the probability of entering an industry successfully?
Your Answer correctWhich of the following are essential questions that strategic leaders need to consider to increase the probability of entering an industry successfully?Multiple select question.What type of entry should be made?correctWho are the players?correctWhen to enter?correctWhy is it ...
Read MoreA company is a complementor to your company if .
Your Answer correctA company is a complementor to your company if Blank______.Multiple choice question.customers value your product more when they can use it with the other company's productcorrectcustomers private label your productthat company praises your company for excellencethe marke...
Read MoreWhich of the following does the five forces model to help firms do?
Your Answer correctWhich of the following does the five forces model to help firms do?Multiple select question.understand the strengths and weaknesses of a firm's resourcesgain and sustain a competitive advantagecorrectdetermine the profit potential of different industriescorrectorganize co-ope...
Read MoreTrue or false: High exit barriers lead to intense rivalry.
Your Answer correctTrue or false: High exit barriers lead to intense rivalry.True false question.TruecorrectFalseReason: An industry with high exit barriers reduces the industry's profit potential because it is harder to remove excess capacity, thus intensifying rivalry.Correct AnswerQuest...
Read MoreAlthough the five forces model is useful in understanding an industry's profit potential, it provides only a .
Your Answer correctAlthough the five forces model is useful in understanding an industry's profit potential, it provides only a Blank______.Multiple choice question.fixed view of a static competitive marketpoint-in-time snapshot of static industriesdynamic view of a moving targetpoint-in-t...
Read MoreWhich of the following scenarios demonstrate the threat of substitutes faced by airlines?
Your Answer correctWhich of the following scenarios demonstrate the threat of substitutes faced by airlines?Multiple select question.Carlos decides to take a flight that lands at JFK airport rather than one that lands at LaGuardia airport.Miri decides to buy her plane tickets online using Orbit...
Read MoreWhich of the following are approaches for answering the question "How to enter?" when a firm is considering entering an industry?
Your Answer correctWhich of the following are approaches for answering the question "How to enter?" when a firm is considering entering an industry? Multiple select question.Reconfiguring value chainscorrectEstablishing a nichecorrectLeverage existing assetscorrectTiming of the entryCorrec...
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