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Although 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...
Read MoreWhich of the following reduces profit margins for air carriers?
Your Answer correctWhich of the following reduces profit margins for air carriers?Multiple choice question.Nationalization of the U.S. airline industryLarge corporate customers contracting with the U.S. airline industrycorrectThe presence of monopoly powerEntry barriers in the airline industryC...
Read MoreA is a product or service that adds value to the original product offering.
Your Answer correctA Blank______ is a product or service that adds value to the original product offering.Multiple choice question.significant reductionco-opetitive potentialstrategic intentcomplementcorrectCorrect AnswerQuestioncomplement...
Read MoreWhy do airline suppliers, such as Boeing and Airbus, have so much power?
Your Answer correctWhy do airline suppliers, such as Boeing and Airbus, have so much power?Multiple select question.Switching costs related to changing suppliers are high.correctThere are no readily available substitutes for commercial airlines.correctAirlines require only a few planes, pilots ...
Read MoreWhat conclusions can be reached about the airline industry using the five forces framework?
Your Answer correctWhat conclusions can be reached about the airline industry using the five forces framework?Multiple select question.The supporting players, such as airports and aircraft suppliers, are quite profitable.correctCustomers derive only very limited benefits from the existence of t...
Read MoreWhat is the result of low barriers to entry in the airline industry?
Your Answer correctWhat is the result of low barriers to entry in the airline industry?Multiple choice question.New airlines are really subsidiaries of incumbent airlines.New airlines are only allowed by government mandate.New airlines are unheard of.New airlines join the market from time to ti...
Read MoreThe obstacles that determine how easily a firm can leave an industry, are called .
exit barriers...
Read MoreKhalid wants to travel from Helena, Montana, to Dallas, Texas. He researches his options and decides that, although flying would be fastest, taking a bus would be a better choice because it is so much less expensive. Which of the five forces does this scenario illustrate for airlines?
Your Answer correctKhalid wants to travel from Helena, Montana, to Dallas, Texas. He researches his options and decides that, although flying would be fastest, taking a bus would be a better choice because it is so much less expensive. Which of the five forces does this scenario illustrate for ...
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