Multiple Choice Question
Which of the following statements is likely to be true about a fragmented industry?
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There is a(n) relationship between competitive intensity and the power of the five forces.
Your Answer correctThere is a(n) Blank______ relationship between competitive intensity and the power of the five forces.Multiple choice question.disconnectedstrongcorrectnegativeReason: Competitive intensity moves in the same direction as the other forces (positive relationship)...
Read MoreMany firms of all sizes actively compete in the computer hardware industry, and there are no firms with a large market share. Product offerings tend to be similar but are differentiated in ways that enable some firms to raise or impact pricing. The computer hardware industry is an example of .
Your Answer correctMany firms of all sizes actively compete in the computer hardware industry, and there are no firms with a large market share. Product offerings tend to be similar but are differentiated in ways that enable some firms to raise or impact pricing. The computer hardware industry ...
Read MoreWhich of the following are factors that increase the power of buyers?
Your Answer correctWhich of the following are factors that increase the power of buyers?Multiple select question.Switching costs are low.correctMany consumers buy small amounts of goods.Products are standardized.correctBuyers threaten backward integration.correctCorrect AnswerQuestionSwitching ...
Read MoreA perfectly competitive industry has entry barriers and small firms.
Your Answer correctA perfectly competitive industry has Blank______ entry barriers and Blank______ small firms.Multiple choice question.high; manyhigh; fewlow; fewlow; manycorrectCorrect AnswerQuestionlow; many...
Read MoreThe pressure of rivalry increases when which of the following forces increase in intensity?
Your Answer correctThe pressure of rivalry increases when which of the following forces increase in intensity? Multiple select question.the barriers to entryReason: When barriers to entry increase, the threat of entry goes down.the threat of entrycorrectthe threat of substitutescorrec...
Read MoreWhich of the following statements is likely to be true about a fragmented industry?
Answer ModeMultiple Choice QuestionYour Answer correctWhich of the following statements is likely to be true about a fragmented industry?Multiple choice question.It consists of small firms.correctIt has high profitability.It has a very low competitive structure.Reason: A fragmented industr...
Read MoreThe fact that tax preparation software such as Intuit's TurboTax is a valid alternative for professional services offered by H&R Block and others, is an example of .
Answer ModeMultiple Choice QuestionYour Answer correctThe fact that tax preparation software such as Intuit's TurboTax is a valid alternative for professional services offered by H&R Block and others, is an example of Blank______.Multiple choice question.the threat of replacementthe th...
Read MoreSelect all that apply
Which of the following are important factors in determining the intensity of rivalry among existing competitors?
Answer ModeMultiple Select QuestionYour Answer correctWhich of the following are important factors in determining the intensity of rivalry among existing competitors? Multiple select question.Competitive industry structurecorrectEntry barriersExit barrierscorrectShort-term contractsIndustr...
Read MoreThe is the idea that products or services available from outside the given industry will come close to meeting the needs of current customers.
Answer ModeMultiple Choice QuestionYour Answer correctThe Blank______ is the idea that products or services available from outside the given industry will come close to meeting the needs of current customers.Multiple choice question.rivalry of existing competitorspower of buyersthreat...
Read MoreThe the forces, the the expected competitive intensity, which in turn limits the industry’s profit potential.
Answer ModeMultiple Choice QuestionYour Answer correctThe Blank______ the forces, the Blank______ the expected competitive intensity, which in turn limits the industry’s profit potential. Multiple choice question.stronger; weakerReason: The stronger the forces, the...
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