Statements about competition and rivalry is true

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Reference no: EM132275171

1. Which of the following statements about competition and rivalry is TRUE?

Competition on price occurs when there is rivalry within an industry.

High switching costs increase rivalry.

The competition in the luxury goods industries will always be fiercer than it will be in commodities.

There is little competition in industries in which growth is slow.

2. The Industry Analysis reading gives these examples of firms that are trying to change their industry structure.

WPP

Tesla

Uber

All are correct

3. Refer to Table 7: Possible Responses to Threats to Profitability in the Industry Analysis Reading. Which of the responses to threats to profitability might have cumulative value (that is, an increase in effectiveness over time)?

a. Network effects and economies of scale, for example, can become stronger and stronger barriers to new entrants as incumbents grow in scale.

b. A reputation for retaliating against new entrants can also grow stronger with time.

c. Branding also has cumulative value

d. All of the above

4. Which analytical disciplines do you think the companies below should focus on? Support your answer with at least one argument that is not directly related to the information in the text. Examples:

-Dell—low-cost web distribution of products

-Hennes & Mauritz, Boss, and Walmart stores

-Apple—innovative and customer oriented

-Siemens—world leader in windmills

5. What is the single greatest factor that affects the length of a queue?

A. Variation

B. Customer arrival rates

C. System configuration

D. Service times

6. Which queuing term refers to the number of lines that exist in parallel?

A. Queue

B. Phase

C. System

D. Server

Reference no: EM132275171

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