1. The U.S. economy and technology are two primary external environmental elements that drive a hypercompetitive environment.
True
False
2. The five forces model indicates that firms can produce above average returns for all of the following except:
Group of answer choices
a. all of the above are indicators of above-average returns
b. by producing standardized goods or services at a cost below those of competitors
c. when firms can study the external environment to identify an attractive industry
d. by producing standardized goods or services which customers are willing to pay premium prices
3. Firms can increase competitive rivalry and build barriers to entry by forming joint ventures.
Group of answer choices
a. True
b. False
4. Apple’s research and development function has the ability to produce innovative new products that are perceived as valuable in the marketplace. This is an example of Apple’s
Group of answer choices
a. A tangible resource
b. core competency
c. An intangible resource
d. competitive strategy
e. A capability
8. Which of the following determines is not a determinant of a powerful supplier group for the pharmaceutical industry?
Group of answer choices
c. Supplier goods are necessary to buyer’s marketplace success
a. It is dominated by a few large companies
d. High switching cost for effective supplier products
b. There are many satisfactory substitutes available
All of the above
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