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Question
Which of the following refers to the process by which one company informally takes the responsibility for setting industry prices?a) Price leadership
b) Non-price competition
c) Capacity control
d) Market development
e) Price signaling
Answer
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Related questions
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Which form of control was transmitted by Walt Disney?
a) Bureaucratic control through rules and procedures
b) Control through norms and values
c) Financial control through accurate financial statements
d) Output control
e) Incentive systems
Q:
Standardization is employed to squeeze out costs in manufacturing. Standardization may be achieved through standardization of
a) inputs.
b) work processes.
c) outputs.
d) both work processes and outputs.
e) inputs, conversion activities, and outputs.
Q:
The two main innovations in a multidivisional structure (over a functional or product structure) are
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b) a product structure at the divisional level and a functional structure at the corporate level.
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d) self-contained divisions with operating responsibility and a group of divisional managers with collective strategic responsibility.
e) a matrix structure at the divisional level and a functional structure at the corporate level.
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A camera manufacturer that has separate divisions for making personal cameras, movie cameras, and film acquired a small film developer and a car battery supplier. Which of the following structures is most appropriate for this firm?
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e) Product team
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As new, small firms grow and mature, which structure are they likely to choose?
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_______________ provides the vehicle through which managers can coordinate the activities of a company's various functions, divisions, and business units to take advantage of their skills and competencies.
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Q:
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In the value chain, support activities are those involved in the physical creation of the product, its marketing and delivery to buyers, and its after-sales service.
Q:
List and briefly discuss each of the elements of Michael Porter's Five Forces Model.
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a) Economic forces
b) Social forces
c) Embryonic forces
d) Political forces
e) Demographic forces
Q:
The threat from new entrants is greatest in the _________ stage of the industry life cycle.
a) embryonic
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c) shakeout
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In growth industries,
a) replacement demand is increasing rapidly.
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Q:
Which of the following is not a determinant of the extent of rivalry among established companies?
a) The number and size distribution of companies in the industry
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Q:
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Exit barriers are the economic, strategic, and emotional factors that prevent companies from leaving an industry.
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Many fragmented industries are characterized by low entry barriers and commodity-type products that are hard to differentiate.
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Absolute cost advantage is enjoyed by incumbents in an industry and that new entrants cannot expect to match.
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Michael Porter argues that the stronger each of the five forces, the more limited the ability of established companies to raise prices and earn greater profits.
Q:
Which of the following is not one of the criteria for evaluating potential acquisition candidates?
a) Age
b) Product market position
c) Financial position
d) Management capabilities
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Q:
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b) exit barriers are high.
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Q:
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a) restructuring.
b) reengineering.
c) TQM.
d) benchmarking.
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