Q.1/ Common theme among factors that determine extent of threat from suppliers a
ID: 388189 • Letter: Q
Question
Q.1/ Common theme among factors that determine extent of threat from suppliers and buyers
a. The extent of bargaining power held by these parties is a function of the industry's dependence on their resources, such that greater industry dependence weakens its bargaining position, resulting in a lower profitability rate.
b. The credible threat of potential new sources of competition can inhibit industry pricing and profitability, increasing intensity of peer rivalry and likelihood of competitive exclusion.
Conditions that foster scarcity erode industry profitability, increasing the likelihood of competitive exclusion.
d. Industry profitability is a function of five potential forces underlying competitive interaction in all industries.
Q.2/ Porter argues that the nature and extent of competition in an industry is a function of what industry characteristics?
a. trying to have the largest market share
trying to maximize profit
c. underlying economic forces
d. addressing the needs of stakeholders
a. The extent of bargaining power held by these parties is a function of the industry's dependence on their resources, such that greater industry dependence weakens its bargaining position, resulting in a lower profitability rate.
b. The credible threat of potential new sources of competition can inhibit industry pricing and profitability, increasing intensity of peer rivalry and likelihood of competitive exclusion.
c.Conditions that foster scarcity erode industry profitability, increasing the likelihood of competitive exclusion.
d. Industry profitability is a function of five potential forces underlying competitive interaction in all industries.
Q.2/ Porter argues that the nature and extent of competition in an industry is a function of what industry characteristics?
a. trying to have the largest market share
b.trying to maximize profit
c. underlying economic forces
d. addressing the needs of stakeholders
Explanation / Answer
Q1B)The credible threat of potential new sources of competition can inhibit industry pricing and profitability, increasing intensity of peer rivalry and likelihood of competitive exclusion
Q2 b)trying to maximize profit
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