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Chapter Quiz
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1
The strategic environment is composed of factors that can have dramatic effects on firm strategy.
A)True
B)False
2
Technological innovations have no effect on industries.
A)True
B)False
3
Industries characterized by high economies of scale typically attract more new entrants.
A)True
B)False
4
If able to maintain a credible threat of forward integration, the power of suppliers will be enhanced.
A)True
B)False
5
The same environmental trend or event may impact various strategic groups within the same industry differently.
A)True
B)False
6
Factors that pertain to an industry and affect firms' strategies are referred to as the __________ environment.
A)predictive
B)general
C)competitive
D)strategic
7
__________ is/are an important element of the political/legal segment of the general environment.
A)tort reform
B)Americans with Disabilities Ace (ADA)
C)deregulation of utility and other industries
D)all of the above are elements of the political/legal segment of the general environment.
8
When is the bargaining power of the buyer greater than that of the supplier?
A)when the buyer's profit margin is low
B)when the threat of backward integration by buyers is low
C)when cost savings from the supplier's product are minimal
D)when the volume of purchase is low
9
Under which conditions, according to Porter's Five Forces model, can a supplier group gain power?
A)when there is a lack of importance of the buyer's industry to the supplier group
B)when there is low differentiation by the supplier
C)when there is not a dominance by a few suppliers
D)all of the above
10
From what do exit barriers arise?
A)economies of scale
B)governmental subsidies
C)capital requirements
D)all of the above





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