Principle of Maritime (Part 4)

Competitive forces include all of the following except:

• Threats of new entrants

• Competitive rivalry

• Power of supplier

• Power of regulators

Which factor determines the ease of new competitors entering a market or market segment?

• Market size

• Competitive rivalry

• Capital requirement

• Product quality

Competitive rivalry is influenced by:

• Large firms engaging in price wars

• Dominance in the field

• Product differentiation

• All of the above

What does the threat of substitute products refer to?

• The power of buyers to influence suppliers

• Alternative products that may replace existing ones

• The ease of new entrants joining the market

• The cost of production

The power of buyers is determined by:

• The number of potential buyers

• The willingness of buyers to pay

• The influence buyers have over suppliers

• All of the above

Which of the following has the most power in a market with many willing buyers?

• Power of suppliers

• Power of buyers

• Competitive rivalry

• Threat of new entrants

What are the changes in an organization's environment that can occur unexpectedly and without warning known as?

• Planned changes

• Expected changes

• Environmental shifts

• Occasional changes

How can organizations improve information gathering in response to environmental changes?

• Reduce information sources

• Ignore government information

• Collaborate with suppliers

• Improve information collection

Realizing changes in the environment often leads organizations to:

• Maintain the status quo

• Alter the current strategy

• Merge with competitors

• Abandon their mission

Mergers, takeovers, acquisitions, and alliances are strategies organizations use in response to: a)

• Environmental changes

• Ethical dilemmas

• Regulatory pressure

• Competitive rivalry