BUSI 400 Read & Interact Dess, McNamara, Eisner, & Lee Chapter 2 solutions complete answers

BUSI 400 Read & Interact Dess, McNamara, Eisner, & Lee Chapter 2 solutions complete answers 

 

Which of the following are examples of ways that the Internet has been positive for supplier bargaining power? (Check all that apply.)

 

Which of the following are caveats of using industry analysis? (Check all that apply.)

 

The Internet has increased the bargaining power of buyers by ______. (Check all that apply.)

 

Supplier groups are powerful under which of the following conditions? (Check all that apply.)

 

In which of the following ways can suppliers exert bargaining power? (Check all that apply.)

 

Which of the following would be substitutes for a soft drink? (Check all that apply.)

 

Which of the following play a role in increasing the bargaining power of the buyer? (Check all that apply.)

 

Which of the following are among Porter's five forces? (Check all that apply.)

 

The six major entry barriers in Porter's five forces model include which of the following? (Check all that apply.)

 

______ may exert bargaining power by threatening to raise prices of the materials needed by a firm or reduce the quality of goods and services.

 

Which of the following are reasons managers should use Porter's five forces model? (Check all that apply.)

 

The ______ segment of the general environment consists of influences from foreign countries, including market opportunities, foreign-based competition, and expanded capital markets.

 

Substitute products and services come from ______.

 

______ is the introduction of new types of intermediaries into the value chain.

 

Substitute products or services must be ______ the industry's offerings.

 

Which of the following is an example of when the bargaining power of suppliers may be low?

 

Which of the following are potential benefits for new entrants to web-based businesses? (Check all that apply.)

 

A buying group is considered powerful when it ______.

 

The ______ environment is composed of segments external to an industry that are usually beyond a firm's control, such as demographics and economic factors, that can affect a firm's strategy.

 

Which of the following threaten an industry by forcing down prices, bargaining for higher quality or more services, and playing competitors against each other?

 

The SWOT framework is popular with managers for several reasons, including which of the following?

 

Which of the following elements of the general environment is the easiest to understand and quantify?

 

The extent of the threat of potential entrants into an industry depends on which of the following? (Check all that apply.)

 

The Internet and digital technologies are said to ______.
 
 
 

The Internet may ______ buyer power by providing consumers more information to make buying decisions and by ______ switching costs.
 
 
 

______ is the process of removing the organizations or business processes responsible for intermediary steps in the value chain.
 
 
 

Managers should understand how they can create win-win relationships with their suppliers and customers so that they can overcome ______.
 
 
 

A one-time cost that customers pay when changing vendors is known as ______.
 
 
 

______ products and services limit the potential returns of an industry by placing a ceiling on the prices that firms in that industry can profitably charge.
 
 
 

True or false: The Internet and digital technologies have lowered barriers to entry.
 
 
 

Which of the following statements are correct regarding strategic groups? (Check all that apply.)
 
 
 

The bargaining power of buyers depends on the ______.
 
 
 

 

According to Porter, what are the two critical issues in conducting a good industry analysis? (Check all that apply.)
 
 
An advantage that some existing competitors have over new entrants and that does not depend on economies of scale is having favorable access to Blank materials.
 
 
______ analysis is a framework for analyzing a company's internal and external environments.
 
 
______ are products or services that have an impact on the value of a firm's products or services.
 
 
The bargaining power of buyers depends on the ______.
 
 
A buying group is considered powerful when it ______.
 
 
Competitive intelligence ______.
 
 
Developments in computer software and hardware, nanotechnology, and R&D in exotic materials are examples of trends in which segment of the general environment?
 
 
The effect on the business clothing and restaurant industries due to an increase of women in the workforce are examples of which segment of the general environment?
 
 
The ______ environment is composed of segments external to an industry that are usually beyond a firm's control, such as demographics and economic factors, that can affect a firm's strategy.
 
 
Examples of key elements of the global segment of the general environment include which of the following? (Check all that apply.)
 
 
A firm's strategy should be directly tied to ______.
 
 
Firms use "Big Data" to accomplish which of the following goals?
 
 
The general idea of conducting a SWOT analysis is that the firm's strategy must do which of the following?
 
 
A good industry analysis does which of the following?
 
 
______ groups are clusters of firms that share similar strategies.
 
 
______ helps firms define and understand their industry and identify rivals' strengths and weaknesses.
 
 
High exit barriers include which of the following? (Check all that apply.)
 
 
Increases in household income due to more women entering the workforce in white collar jobs is likely to affect which two segments the most?
 
 
Interest rate increases, currency exchange rates, and the Dow Jones are examples of factors to be considered in which segment of the general environment?
 
 
The Internet allows customers to shop around for the best price, thus it has ______ products that were previously regarded as rare or unique.
 
 
The Internet and digital technologies are said to ______.
 
 
The Internet has increased the bargaining power of buyers by ______. (Check all that apply.)
 
 
The Internet has intensified rivalry, because ______.
 
 
The Internet may ______ buyer power by providing consumers more information to make buying decisions and by ______ switching costs.
 
 
______ involves surveillance of a firm's external environment to predict environmental changes and detect changes already underway.
 
 
______ involves the development of plausible projections about the direction, scope, speed, and intensity of environmental change.
 
 
______ is an in-depth approach to environmental forecasting that involves experts' detailed assessments of social, economic, political, technology trends or other dimensions of the external environment.
 
 
______ is the introduction of new types of intermediaries into the value chain.
 
 
The ______ is the possibility that the profits of established firms in the industry may be eroded by new competitors.
 
 
______ is the process of removing the organizations or business processes responsible for intermediary steps in the value chain.
 
 
______ is when competitors sense pressure from others in the same industry or act on an opportunity to improve their position.
 
 
 
 
 
 
 
 
 
 

Managers should understand how they can create win-win relationships with their suppliers and customers so that they can overcome ______.
 
 
______ may exert bargaining power by threatening to raise prices of the materials needed by a firm or reduce the quality of goods and services.
 
 
Michael Porter's five forces model is the most commonly used analytical tool for examining which of the following type of environment?
 
 
The number of middle-class consumers in which region is rapidly rising and thus influencing hiring practices of U.S. multinationals?
 
 
One important factor of the global economy, and one that has influenced more firms to expand overseas, is ______.
 
 
A one-time cost that customers pay when changing vendors is known as ______.
 
 
Online shopping robots, or "bots," on the web have increased competitive rivalry by allowing the consumer to focus only on the best possible
 
 
The process of examining large data sets to uncover hidden patterns, market trends, and customer preferences is known as ______.
 
 
______ products and services limit the potential returns of an industry by placing a ceiling on the prices that firms in that industry can profitably charge.
 
 
The purpose of environmental forecasting is to ______.
 
 
Rivalry among competitors is likely to be ______ due to digital technologies and the Internet.
 
 
The Sarbanes-Oxley Act of 2002 greatly increased the accountability of auditors, executives, and corporate lawyers. This law is an example of which segment of the general environment?
 
 
The ______ segment of the general environment consists of changes in a market's characteristics such as age, race, ethnicity, and education.
 
 
The ______ segment of the general environment consists of how a society creates and exercises power, including rules, laws, and taxation policies.
 
 
The ______ segment of the general environment consists of influences from foreign countries, including market opportunities, foreign-based competition, and expanded capital markets.
 
 
The ______ segment of the general environment consists of the characteristics of the economy, including national income and monetary conditions.
 
 
The ______ segment of the general environment consists of the values, beliefs, and lifestyles of a society.
 
 
The ______ segment of the general environment is concerned with innovation and state of knowledge in industrial arts, engineering, applied sciences, and pure science, and their interaction with society.
 
 
In which of the following ways can suppliers exert bargaining power? (Check all that apply.)
 
 
Supplier groups are powerful under which of the following conditions? (Check all that apply.)
 
 
The extent of the threat of potential entrants into an industry depends on which of the following? (Check all that apply.)
 
 
 
 
 
 
 
 

The six major entry barriers in Porter's five forces model include which of the following? (Check all that apply.)
 
 
Which of the following are among Porter's five forces? (Check all that apply.)
 
 
Which of the following are examples of advantages some existing competitors might have that are independent of size or economies of scale? (Check all that apply.)
 
 
Which of the following are included in the six segments of the general environment? (Check all that apply.)
 
 
Which of the following are key arguments against H-1B visas? (Check all that apply
 
 
Which of the following are part of a firm's competitive environment? (Check all that apply.)
 
 
Which of the following are reasons managers should use Porter's five forces model? (Check all that apply.)
 
 
Which of the following play a role in increasing the bargaining power of the buyer? (Check all that apply.)
 
 
Which of the following statements about an industry's composition are correct? (Check all that apply.)
 
 
Which of the following statements about the competitive environment are correct? (Check all that apply.)
 
 
Which of the following would be substitutes for a soft drink? (Check all that apply.)
 
 
Spotting key trends requires a combination of which of the following? (Check all that apply.)
 
 
Strategic group analysis helps managers do which of the following? (Check all that apply.)
 
 
Substitute products and services come from ______.
 
 
 
 
 
 
 
 

Substitute products or services must be ______ the industry's offerings.
 
 
Supplier groups are powerful under which of the following conditions? (Check all that apply.)
 
 
The SWOT framework is popular with managers for several reasons, including which of the following?
 
 
SWOT stands for ______.
 
 
______ tracks the evolution of environmental trends, sequences of events, or streams of activities.
 
 
True or false: A key to successful strategic management is gathering industry information and understanding the competitive dynamics of the industry's companies.
 
 
True or false: The Internet and digital technologies have lowered barriers to entry.
 
 
True or false: The threat of substitutes has increased due to digital technologies and the Internet.
 
 
True or false: Trends in one segment of the general environment can have an effect on other segments.
 
 
Which of the following are caveats of using industry analysis? (Check all that apply.)
 
 
Which of the following are examples of ways that the Internet has been positive for supplier bargaining power? (Check all that apply.)
 
 
Which of the following are examples of what companies do to gain customers? (Check all that apply.)
 
 
Which of the following are potential benefits for new entrants to web-based businesses? (Check all that apply.)
 
 
Which of the following best exemplifies how the Internet has heightened the threat of substitutes?
 
 
Which of the following describe factors that result in intense rivalry? (Check all that apply.)
 
 
Which of the following elements of the general environment is the easiest to understand and quantify?
 
 
Which of the following is an example of a CEO with perceptual acuity?
 
 
Which of the following is an example of when the bargaining power of suppliers may be low?
 
 
 
 
 
 
 
 

Which of the following must firms be able to do in order to capture greater profitability using technology and the Internet? (Check all that apply.)
 
 
Which of the following pairings are examples of products that are complements? (Check all that apply.)
 
 
Which of the following play a role in increasing the bargaining power of the buyer? (Check all that apply.)
 
 
Which of the following statements about an industry's composition are correct? (Check all that apply.)
 
 
Which of the following statements about scenario analysis are true? (Check all that apply.)
 
 
Which of the following statements are correct regarding strategic groups? (Check all that apply.)
 
 
Which of the following threaten an industry by forcing down prices, bargaining for higher quality or more services, and playing competitors against each other?
 
 
Which sector is most affected by legislation on H-1B visas?