Liberty University BUSI 400 Learnsmart Chapter 2 Answers Complete Solutions
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Which of the following are examples of advantages some existing competitors might have that are independent of size or economies of scale?
The two critical issues, according to Porter, in conducting a good industry analysis include which of the following?
One important factor of the global economy, and one that influenced more firms to expand overseas, is .
____ helps firms define and understand their industry and identify rivals’ strengths and weaknesses.
The extent of the threat of potential entrants into an industry depends on which of the following?
The process of examining large data sets to uncover hidden patterns, market trends, and customer preferences is known as _________.
The internet allows customers to shop around for the best price, thus it has _____ products that were previously regarded as rare or unique.
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Which of the following are potential benefits for new entrants to web-based businesses? (Check all that apply.)
is when competitors sense pressure from others in the same industry or act on an opportunity to improves their position.
The general idea of conducting a SWOT analysis is that the firm’s strategy must do which of the following?
Which of the following pairings are examples of products that are complements? (check all that apply.)
The number of middle-class consumers in which region is rapidly rising and thus influencing hiring practices of U.S. multinationals?
_____ involves the development of plausible projects about the direction, scope, speed, and intensity of environmental change.
Which of the following are examples of ways that the Internet has been positive for supplier bargaining power?
The _____ environment is composed of segments external to an industry that are usually beyond a firm’s control, such as demographics and economic factors, that can affect a firm’s strategy.
The ____ segment of the general environment consists of changes in a market’s characteristics such as age, race, ethnicity, and education.
The _____ segment of the general environment consists of the characteristics of the economy, including the national income and monetary conditions.
Developments in computer software and hardware, nanotechnology, and R&D in exotic materials are examples of trends in which segment of the general environment?
Examples of key elements of the global segments of the general environment include which of the following?
Which of the following threaten an industry by forcing down prices, bargaining for higher quality or more services, and playing competitors against each other?
The Sarbanes-Oxley Act of 2002 greatly increased the accountability of auditors, executives, and corporate lawyers. This law is an example of which segment of the general environment?
The effect on the business clothing and restaurant industries due to an increase of women in the workforce are examples of which segment of the general environment?
____________ is an in-depth approach to environmental forecasting that involves experts’ detailed assessments of social, economic, political, technology trends or other dimensions of the external environment.
_____ involves surveillance of a firm’s external environment to predict environmental changes and detect changes already underway.