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Multiple Choice Quiz
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1
The immediate context in which the firm operates is the _____ environment.
A)stakeholder
B)resource
C)macro
D)industry
2
The economic climate would fall under the ______ environment.
A)industry
B)macro
C)resource
D)stakeholder
3
The strategist should examine the _____ and _____ of an industry.
A)development, evolution
B)development, attractiveness
C)structure, development
D)structure, attractiveness
4
_____ and barriers to exit characterize unattractive industries.
A)undercapacity
B)overcapacity
C)high entry barriers
D)less homogeneous products
5
Which of the following is NOT one of Porter’s five industry forces?
A)Existing rivals
B)New entrants
C)Complementors
D)Substitutes
6
_____ constrain the prices of industry’s products.
A)New entrants
B)Existing rivals
C)Complementors
D)Substitutes
7
Companies that depend on just a few suppliers and have nowhere else to go for critical inputs are in a ____ position.
A)strong
B)weak
C)moderate
D)commanding
8
Scale economies relate to
A)per-unit costs
B)selling prices
C)bargaining power of suppliers
D)bargaining power of customers







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