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Which of the following are important sources of entry barriers?
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Michael Porter developed the five forces model to help firms do which of the following?
Answer ModeMultiple Select QuestionYour Answer correctMichael Porter developed the five forces model to help firms do which of the following?Multiple select question.understand the strengths and weaknesses of a firm's resourcesdetermine the profit potential of different industriescorrectanalyze...
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Which of the following are important sources of entry barriers?
Answer ModeMultiple Select QuestionYour Answer correctWhich of the following are important sources of entry barriers?Multiple select question.government policycorrectcredible threat of retaliationcorrecteconomies of scalecorrectnetwork effectscorrectcapital requirementscorrectlow product differ...
Read MoreYour Answer correctFill in the blank question.ExternalitiesField 1Field 1 Externalities , Correct Unavailable occur when producing or consuming goods and services results in costs or benefits that are not captured by the prices charged for the goods or services.Correct AnswerQuestionField ...
Read MoreThe risk that potential competitors will enter the industry is known as the .
Answer ModeMultiple Choice QuestionYour Answer correctThe risk that potential competitors will enter the industry is known as the Blank______.Multiple choice question.rivalry among existing competitorsthreat of substitutespower of suppliersthreat of entrycorrectpower of buyersCorrect Answe...
Read MoreAnswer ModeFill in the Blank QuestionYour Answer correctFill in the blank question.Price stabilityField 1Field 1 stability , Correct Unavailable means there is little or no change in the prices of goods and services. Correct AnswerQuestionField 1: stability...
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According to the five forces model, a firm seeking to compete in an established industry should seek to do which of the following?
position itself in a way that leverages weak forcesposition itself in a way that relaxes the constraints of strong forces...
Read MoreThe most rigorous means of investigating the profit potential within a specific industry is to conduct .
Answer ModeMultiple Choice QuestionYour Answer correctThe most rigorous means of investigating the profit potential within a specific industry is to conduct Blank______.Multiple choice question.an industry PET scana market analysisa PESTEL analysisReason: PESTEL analysis is not specif...
Read MoreAccording to Michael Porter, the profit potential of an industry is .
Answer ModeMultiple Choice QuestionYour Answer correctAccording to Michael Porter, the profit potential of an industry is Blank______.Multiple choice question.similar for all service industrieslargely randoma function of five forces related to competitioncorrectentirely determined by indus...
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Which of the following are factors in a firm's legal environment?
Answer ModeMultiple Select QuestionYour Answer correctWhich of the following are factors in a firm's legal environment? Multiple select question.lawscorrectdemographic trendsinnovative technologyregulationscorrectmandatescorrectCorrect AnswerQuestionlawsregulationsmandates...
Read MoreWhen a firm is able to maximize the gap between , it increases its competitive advantage.
Answer ModeMultiple Choice QuestionYour Answer correctWhen a firm is able to maximize the gap between Blank______, it increases its competitive advantage.Multiple choice question.the cost of production and the value of what it producescorrectthe rate of growth and the rate of salesthe numb...
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