A company's "macro-environment" refers to what?

all the relevant forces and factors outside a company's boundaries—general economic conditions, population demographics, societal values and lifestyles, technological factors, governmental legislation and regulation, and closer to home, the industry and c

Which one of the following is not part of a company's macroenvironment?

The company's resource strengths, resource weaknesses, and competitive capabilities

Which one of the following is part of a company's macroenvironment?

The pace of technological change factors and legal and regulatory conditions.

Which of the following factors represents the strategically relevant political factors in the macro-environment that will influence the performance of all firms across the board?

The strength of the federal banking system

when buyer demand is growing fast or increasing.

Which of the following is generally NOT considered a barrier to entry?

The reaction of incumbent firms to rapid market growth

Potential entrants are more likely to be deterred from actually entering an industry when:

incumbent firms are willing and able to be aggressive in defending their market positions against entry.

Which of the following is NOT a good example of a substitute product that triggers stronger competitive pressures?

Coca-Cola as a substitute for Pepsi

The competitive pressures from substitute products tend to be stronger when:

good substitutes are readily available and priced above the market.

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Chapter 3

Question	Answer
A company's "macro-environment" refers to what?	all the relevant forces and factors outside a company's boundaries—general economic conditions, population demographics, societal values and lifestyles, technological factors, governmental legislation and regulation, and closer to home, the industry and c
Which one of the following is not part of a company's macroenvironment?	The company's resource strengths, resource weaknesses, and competitive capabilities
Which one of the following is part of a company's macroenvironment?	The pace of technological change factors and legal and regulatory conditions.
Which of the following factors represents the strategically relevant political factors in the macro-environment that will influence the performance of all firms across the board?	The strength of the federal banking system
The most powerful and widely used tool for diagnosing the principle competitive pressures in a market is the:	Five Forces Model.
Rivalry increases:	when buyer demand is growing fast or increasing.
Which of the following is generally NOT considered a barrier to entry?	The reaction of incumbent firms to rapid market growth
Potential entrants are more likely to be deterred from actually entering an industry when:	incumbent firms are willing and able to be aggressive in defending their market positions against entry.
Which of the following is NOT a good example of a substitute product that triggers stronger competitive pressures?	Coca-Cola as a substitute for Pepsi
The competitive pressures from substitute products tend to be stronger when:	good substitutes are readily available and priced above the market.

Created by: 10153487936430020

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