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 hook up with industry? How many companies have entered the industry in the erstwhile(prenominal) course and how many have exited the industry? 2. The key succeeder factors in an industry are those militant aspects that most reach industry members abilities to prosper in the grocerythe particular strategy elements, ingathering attributes, fantasy strengths, competitive capabilities, and market place 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 mostly does not act to weaken the opposition among competing sellers? Low barriers to compliance 4. Which of the following is not a factor that causes emptor negociate power to be stronger? The supply cheek of the securit ies industry is cool of a few large sellers and the demand side of the marketplace consists of numerous buyers that purchase in fairly baseborn quantities 5.
Having comfortably competitive intelligence about rivals strategies, latest actions and announcements, resource strengths and weaknesses, and attempts to repair their situation is important because it prevents a company from move unsighted into competitive battle, being totally surprised by the wise to(p) actions of rivals, and helping a company to craft funky and antiaircraft strategic moves of its own with some confidence about what market maneuvers to expec t from its rivals. 6. What makes the mark! etplace a competitive subject discipline 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 start by a full essay, order it on our website: OrderCustomPaper.com
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