Contemporary Strategy Analysis Text and Cases Edition 9th Edition Test Bank
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TESTBANK: CHAPTER 04
Further Topics in Industry and Competitive Analysis
True/False Questions
1. Porter’s five forces model offers a rigorous,
empirically validated approach to explaining the variation in profitability
across industries
[See pp.90-91]
1. T
*b. F
2. Industries are the central arenas in which
competition takes place. Disaggregating industries into segments and groups of
firms add little to our understanding of competition.
[See p.90]
1.
T
*b. F
3. Industry membership is the single most
important source of profitability differences between firms.
[See p.91]
1.
T
*b. F
4. The profitability of making inkjet cartridges
depends critically upon their complementary relationship with between inkjet
printers.
[See p.92]
*a. T
1. F
5. The value of a product to its consumers tends
to be reduced by availability of close substitutes. Similarly, the value if a
product to its consumers is reduced by the availability of complements.
[See p.92]
1. T
*b. F
6. While the profitability of supplying a product
tends to be reduced by availability of close substitutes, the effect of
complements on profitability is less clear: it depends upon how value is shared
among the suppliers of the different complements.
[See p.92]
*a. T
1. F
7. When products A and B are complements, the
division of profit between the supplier of A and the supplier of B will depend
upon which builds the stronger market position and is better able to reduce the
value contributed by the other.
[See p.92]
*a. T
1. F
8. In supplying video game systems, the suppliers
of consoles are no longer in such a strong position to appropriate the major
profits because of increasingly intense competition among the three of them
(Sony, Microsoft and Nintendo), and the growing size and power of the suppliers
of video games.
[See pp.92-93]
*a. T
1. F
9. The Schumpeterian view of competition
emphasizes the role of innovation and entrepreneurship
[See p.93]
*a. T
1. F
10. In common with the Porter five forces
framework, the Schumpeterian approach views competitive behavior as the outcome
of industry structure.
[See p.93]
1. T
*b. F
11. In hypercompetitive markets, the quest for
sustainable competitive advantage is the overwhelmingly important priority for
firm strategy.
[See p.95]
1. T
*b. F
12. Empirical studies on hypercompetition show
unanimously that industries are becoming increasingly turbulent and competitive
advantage increasingly short-lived
[See p.95]
1. T
*b. F
13. Game theory seeks to predict the outcome of
competitive situations by modeling the interactive decisions by firms,
[See p.95]
*a. T
1. F
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