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Mixed Quiz
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1

The remote environment can be divided into three interrelated subcategories.
A)True
B)False
2

Substitute availability is a factor in the industry environment.
A)True
B)False
3

"Eco-efficiency" describes firms that produce useful goods and services.
A)True
B)False
4

New entrants to an industry bring new capacity.
A)True
B)False
5

A buyer group is powerful if it is fragmented.
A)True
B)False
6

"Buyer power" is an example of an element in a firm's
A)remote environment
B)industry environment
C)operating environment
D)macro environment
7

"Technological factors" are a part of a firm's
A)remote environment
B)industry environment
C)operating environment
D)macro environment
8

________ describes corporations that produce more useful goods and services while continuously reducing resource consumption and pollution.
A)Resource-efficiency
B)Socio-efficiency
C)Eco-efficiency
D)Bio-efficiency
9

Which of the following does NOT belong in an assessment of a firm's international environment?
A)Population
B)Currency convertibility
C)Form of government
D)Effectiveness of trading system
10

Economies of scale affect
A)buyer power
B)supplier power
C)threat of entry
D)substitute products
11

Proprietary technology and government subsidies are examples of
A)economies of scale
B)product differentiation
C)cost disadvantages independent of size
D)capital requirements
12

A supplier is powerful if
A)its product is unique or at least differentiated
B)it is fragmented
C)the industry is an important customer of the supplier group
D)it is obliged to contend with other products for sale to the industry
13

Substitute products that deserve the most attention strategically are those that
A)are produced by industries earning low profits
B)are not subject to trends improving their price-performance trade-offs with the industry's product
C)are produced by industries earning moderate products
D)are produced by industries earning high profits
14

When capacity normally is augmented in large increments, the intensity of rivalry
A)remains unchanged
B)increases
C)decreases
D)is unaffected
15

A(n) _________ is a collection of firms that offer similar products or services
A)substitute
B)group
C)industry
D)cohort
16

A definition of industry boundaries focuses attention on the firm's
A)substitutes
B)competitors
C)customers
D)suppliers
17

________ refers to the extent to which industry sales are dominated by only a few firms.
A)Fragmentation
B)Economies of scale
C)Concentration
D)Integration
18

Firms that enjoy economies of scale can charge ______ prices than their competitors.
A)higher
B)lower
C)the same prices
D)different
19

The operating environment is also called the _________ environment.
A)task
B)remote
C)industry
D)global
20

Which of the following is NOT a factor that affects a firm's access to needed personnel?
A)Reputation
B)Employment rates
C)Availability
D)Profitability







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