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Questions and Answers

(497 solutions)

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Multiple Choice Question

In the five forces model, threat of entry refers to the risk Blank.

Multiple choice question.

Answer ModeMultiple Choice QuestionYour Answer correctIn the five forces model, threat of entry refers to the risk Blank______.Multiple choice question.of excessive startup costsof potential competitors entering the industrycorrectthat firms face due to strict government regulationthat fir...

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The weaker the five forces in Porter's model, the Blank the industry's profit potential.

Multiple choice question.

Answer ModeMultiple Choice QuestionYour Answer correctThe weaker the five forces in Porter's model, the Blank______ the industry's profit potential.Multiple choice question.less certaingreatercorrectless differentiatedlowerCorrect AnswerQuestiongreater...

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Fill in the Blank Question

Fill in the blank question.

The cost advantages that a firm obtains by increasing output, such as by spreading fixed costs over more units, are called economies of .

Answer ModeFill in the Blank QuestionYour Answer correctFill in the blank question.The cost advantages that a firm obtains by increasing output, such as by spreading fixed costs over more units, are called economies of scaleField 1Field 1 scale , Correct Unavailable.Correct AnswerQuestionF...

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Michael Porter developed the five forces model to help firms do which of the following?

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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?

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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...

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Fill in the Blank Question

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 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.

Your 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 ...

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Multiple Choice Question

The risk that potential competitors will enter the industry is known as the Blank.

Multiple choice question.

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...

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Fill in the Blank Question

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Price  means there is little or no change in the prices of goods and services. 

Answer 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? 

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position itself in a way that leverages weak forcesposition itself in a way that relaxes the constraints of strong forces...

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The most rigorous means of investigating the profit potential within a specific industry is to conduct Blank.

Multiple choice question.

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...

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