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1、Chapter 11: Dealing with CompetitionGENERAL CONCEPT QUESTIONSMultiple Choice 1. Michael Porter has identified five forces that determine the intrinsic long-run attractiveness of a market or market segment. Which of the following would NOT be among Porters five forces? a. Industry competitorsb. Techn
2、ological partnersc. Substitutesd. Buyerse. Potential entrantsAnswer: bPage: 342Level of difficulty: Medium2. Which of the following would be the most likely threat that is associated with potential new entrants in Porters segment structural attractiveness model? a. Threat of positioningb. Threat of
3、responsec. Threat of delayed actiond. Threat of role reversale. Threat of mobilityAnswer: ePage: 342Level of difficulty: Hard3. A segment is unattractive when there are actual or potential _ for the product. a. contenders b. competitorsc. substitutesd. unclear demande. profit fluctuation Answer: cPa
4、ge: 343 Level of difficulty: Medium4. Wal-Mart is perhaps one of the best illustrations of the threat of _ found in Porters model. a. intense segment rivalryb. new entrantsc. substitute productsd. buyers growing bargaining power e. suppliers growing bargaining powerAnswer: dPage: 343Level of difficu
5、lty: Hard5. A segment is unattractive if the companys suppliers are able to raise prices or reduce quantity supplied. Which of the following is the best illustration of the threat of suppliers growing bargaining power? a. Wal-Mart has almost no competitors in its market space.b. Oil companies must p
6、urchase a significant amount of their product from OPEC.c. McDonalds is the largest fast food franchise and is still growing.d. The U.S. Post Office has merged package operations with FedEx.e. Sears unsuccessfully attempted to compete with Wal-Mart and Kmart.Answer: bPage: 343Level of difficulty: Ha
7、rd6. A(n) _ is a group of firms that offer a product or class of products that are close substitutes for one another. a. industryb. cartelc. cooperatived. monopolye. demand fieldAnswer: aPage: 344Level of difficulty: Easy7. When only one firm provides a certain product or service in a certain countr
8、y or area a _ exists. a. duopolyb. monopoly c. oligopolyd. monopolistic competitione. pure competitionAnswer: bPage: 344 Level of difficulty: Easy8. Which of the following would be the best illustration of a pure oligopoly? a. Autosb. Camerasc. Steeld. Pharmaceuticalse. High fashion clothingAnswer:
9、cPage: 344 Level of difficulty: Hard9. Which of the following is often considered to be a good illustration an industry structure type known as pure competition? a. Oilb. Plasticsc. Pharmaceuticalsd. High fashion clothinge. Stock marketAnswer: ePage: 344 Level of difficulty: Medium10. All of the fol
10、lowing are considered to be major entry barriers in markets EXCEPT _. a. high capital requirementsb. economies of scalec. patents and licensing requirementsd. product or service linee. reputation requirementsAnswer: dPage: 345 Level of difficulty: Medium11. If a marketer is facing government restric
11、tions, high vertical integration, emotional barriers, low asset-salvage value due to obsolescence, and legal obligations to creditors, the marketer is most likely facing what are called _ barriers in a marketplace. a. exitb. entrancec. competitive d. virtuale. contrivedAnswer: a Page: 345Level of di
12、fficulty: Medium12. Major oil producers carry on oil exploration, oil drilling, oil refining, chemical manufacture, and service-station operation. When an organization does all of these separate tasks within a distribution channel they can be said to have achieved what is called _. a. vertical integ
13、rationb. horizontal integrationc. concentric integrationd. parallel marketinge. conglomerate marketingAnswer: aPage: 346Level of difficulty: Medium13. Using the market approach, _ are companies that satisfy the same customer need. a. partnersb. competitorsc. entrepreneursd. innovators e. followers A
14、nswer: bPage: 346 Level of difficulty: Easy14. A group of firms following the same strategy in a given target market is called _. a. cartel b. cabalc. cooperatived. informal alliancee. strategic groupAnswer: ePage: 347Level of difficulty: Easy15. An example of a strategic group in the appliance indu
15、stry would be one where _. a. there was a large franchised dealer systemb. a common promotional theme usedc. competitors had broad lines, medium manufacturing costs, low service responsibility, and low pricesd. multinational operations are mandatede. a value orientation rather than a cost orientatio
16、nAnswer: cPage: 347 Level of difficulty: Medium16. Once a company has identified its main competitors and their strategies, it must next ask: _?a. What are the competitors objectivesb. What are the competitive brand attributesc. What are the competitive promotion schemesd. What is the attrition rate
17、 in the markete. What are the subtle market entrance requirementsAnswer: aPage: 347Level of difficulty: Hard17. In general, a company should monitor the following variables when analyzing competitors: _, share of mind, and share of market. a. share of demandb. share of profitsc. share of promotiond.
18、 share of universee. share of heartAnswer: e Page: 348Level of difficulty: Medium18. _ is the percentage of customers who named the competitor in responding to the statement, “Name the company from which you would prefer to buy the product.” a. Share of marketb. Share of mindc. Share of heartd. Shar
19、e of competitive spacee. Share of psychological fieldAnswer: cPage: 348 Level of difficulty: Medium19. Most companies aim their competitive shots at _ competitors, because this requires fewer resources per share point gained. a. strongb. weakc. distantd. “good” e. unacknowledgedAnswer: bPage: 348Lev
20、el of difficulty: Easy20. _ competitors try to buy market share rather than earn it; take large risks; invest in overcapacity; and upset industrial equilibrium. a. “Bad” b. “Good” c. Distantd. Closee. StrongAnswer: aPage: 349 Level of difficulty: Hard21. In general, a market leader will have about _
21、 of the total market in relation to other competitors. a. 60 percentb. 50 percentc. 40 percent d. 30 percente. 75 percentAnswer: c Page: 349Level of difficulty: Medium22. The market nicher serves small market segments not being served by larger firms. Nichers account for about _ of the market in rel
22、ation to other competitors. a. 30 percentb. 25 percentc. 20 percentd. 15 percente. 10 percent Answer: ePage: 349Level of difficulty: Hard23. The aim of benchmarking is to copy or improve on _, either within an industry or across industries. a. profitabilityb. manufacturingc. ideationd. aggressivenes
23、s e. “best practices”Answer: ePage: 349Level of difficulty: Medium24. Being a market leader is often a difficult position to maintain and defend. The market leader must protect its current market share through good defensive and offensive actions. Second, the firm can try to increase its market shar
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