QUIZ #2

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Critical-Success-Factor (CSF) analysis is one of the few analytical tools available to compare one’s company with its competitors on factors important in the industry. (Points : 1)

       True        False

Question 2. 2. Competitors in an industry that produce more or less the same product have bargaining power over their buyers. (Points : 1)

       True        False

Question 3. 3. Any company depicted in a strategic-group map can compete with any other. (Points : 1)

       True        False

Question 4. 4. A situational monopoly is one of the following: (Points : 1)

       An instant monopoly        Something no other competitor has        An ownable space for a useful period of time        An opportunity to charge more than competitors        None of the above

Question 5. 5. What is the essence of strategic thinking? (Points : 1)

       Thinking about strategic planning        Finding alternative ways of competing and providing customer value        Playing devil’s advocate to what the company is currently doing        All of the above

Question 6. 6. A value curve that is higher than the industry’s or uses issues unfamiliar to the industry is a sign of a blue ocean. (Points : 1)

       True        False

Question 7. 7. Which question is not part of a Porter’s Five-Forces Model analysis? (Points : 1)

       Who has bargaining power?        How intense is the rivalry among competitors?        How concentrated is the industry?        How strong is the threat of substitutes?        How high are entry barriers?

Question 8. 8. Which of the following cannot be deduced from a strategic-group map? (Points : 1)

       Competitors that are strategically similar        Market shares of individual competitors        Areas of unserved demand        Competitors that are not really competitors        Entry barriers of different strategic groups

Question 9. 9. Which of the following is not an economic variable? (Points : 1)

       Rate of inflation        Income levels        Unemployment rate        Housing starts        Interest rate

Question 10. 10. Which building block is not among the nine that comprise the business-model canvas? (Points : 1)

       Industry segments        Revenue streams        Customer relationships        Key partnerships        Cost structure

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