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Exam 9: Competitive Analysis and Strategy

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Question 21

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According to Michael Porter, motivation is one of the local things that distant rivals will find hard to match.

A) True
B) False

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Question 22

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Cost leadership is a sustainable source of competitive advantage only if barriers exist that prevents competitors from achieving the same low costs.

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B) False

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Question 23

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A country's size and location are considered as its physical resources.

The availability of substitute products places limits on the prices market leaders can charge in an industry.

A cost-focus strategy focuses on a narrow target segment.

Which of the following is scarcer in nature, requires sustained investment, and leads to sustainable international competitive advantage?

Suppliers enjoy bargaining power when their products or services carry low switching costs.

The effects of global competition have been highly disadvantageous for consumers around the world.

A narrow-focus strategy can be combined with differentiation-advantage strategies but not with cost-leadership strategies.

Richard D'Aveni notes that in today's business environment, market stability is high due to long product life cycles.

According to Michael Porter, access-based positioning occurs when a company ________.

Governments are not considered determinants but can exert their influence on determinants.

The uniqueness and magnitude of the customer value created by a firm's strategy are ultimately determined by the firm's management.

According to Michael Porter, ________ is a generic strategy in which a company can offer lower prices than the competition to a narrow target market.

According to Porter, what are the different barriers that new entrants to an industry face?

According to Michael Porter, the buyers in an industry enjoy bargaining power when ________.

________ are geographic concentrations of interconnected companies and institutions in a particular field, which constitute a critical mass.

New entrants in an industry push prices downward and squeeze margins, resulting in reduced industry profitability.

The reluctance of U.S. manufacturers to produce small cars for smaller unit profits despite the growing preference of U.S. customers for small cars is a classic example of ________.

Chance events are occurrences that are beyond the control of firms, industries, and usually governments.