Business

Strat mgmt Quiz #3 85% 1. Which of the following is not a major question to ask in thinking strategically near attention and belligerent conditions in a addicted industry? How many companies have entered the industry in the erstwhile(prenominal) socio-economic class and how many have exited the industry? 2. The key succeeder factors in an industry are those hawkish aspects that most reach industry members abilities to prosper in the grocerythe particular strategy elements, ingathering attributes, quite a little strengths, competitive capabilities, and marketplace achievements that spell the difference amidst being a strong competitor and a untoughened competitor (and sometimes the difference between profit and loss). 3. Which mavin of the following in general does not act to weaken the opposition among competing sellers? Low barriers to foundation 4. Which of the following is not a factor that causes emptor bargain power to be stronger? The supply che ek of the marketplace is comprise of a few large sellers and the demand side of the marketplace consists of numerous buyers that purchase in fairly baseborn quantities 5.

Having dandy competitive intelligence about rivals strategies, latest actions and announcements, resource strengths and weaknesses, and attempts to purify their situation is important because it prevents a company from move guile into competitive battle, being totally surprised by the judicious actions of rivals, and helping a company to craft funky and defending strategic moves of its own with some confidence about what market maneuver s to expect from its rivals. 6. What make! s the marketplace a competitive subject domain of a function is The constant jockeying of industry members to strengthen their standing with buyers and win a competitive edge over rivals. 7. Just how strong the competitive pressures are from substitute products depends on whether buyers have high or low switching costs and whether substitutes are readily available, competitively priced, and have comparable or better performance...If you want to commence by a full essay, order it on our website: OrderCustomPaper.com

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