CHAPTER 8 CHUNRONG MY BOY

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

Which of the following is not a limitation of the five forces framework?

The framework provides a structured way to systematically work through wide ranging and often complex issues

which of the following is not a way teams collude within the professional sports market

agreeing on ticket prices

which of the following factors should be considered when assessing complements and substitutes?

all of the above

which of the following is a component of the value net?

all of the above

which of the following is not a barrier to entry in the professional sports market

because the number of potential billionaire owners has risen dramatically, the purchase prices have dropped

what term refers to the ability of individual customers to negotiate purchase prices that extract profits from sellers?

buyer power

which of the following is not a feature of selective contracting that intensified internal rivalry?

cotracted with hospitals that patients were most loyal to

what type of entrant would be described as a new entrant with no current brand identity distribution channels or presence within an industry

de novo

in which of the following ways can entry erode incumbents profits/

entrance decrease market concentration

in which of the following ways can entry erode incumbents profits?

entrants decrease market concentration

which of the following does not tend to affect the threat of entry

expectations about pre-entry competition

which of the following best describes the term, internal rivalry?

firms jockeying for share within a market

what professional sports complement poses the biggest dilemma

gambling

which of the following is the supplier in the hospital industry

hospital based physician

which of the following trends or methods has since helped reduce the pricing rivalry that had intensified by the late 90s?

hospitals consolidated

price competition is increased when which of the following occurs?

many sellers in the market

which of the following factors requires the least consideration when assessing supplier power relative to the upstream industry in which it buys raw materials?

number of competitors in downstream market

who are the most pwoerful suppliers in professional sports?

players unions

which of the following conditions does not tend to heat up price competition

products are differentiated/buyers have high switching costs

which of the following is not a significant entry barrier in the commercial airframe manufacturing market?

raw materials and labor

which of the following is not a part of the five forces framework

regulation

which of the following is not a factor that could intensify internal rivalry in the chicago hospital market?

relatively small number of doctors

what term refers to the ability of firms to negotiate purchase prices that extract high profits from buyers?

seller power

how did european governments help airbus aggressively pursue 50% mkt share in its early years of operation

subsidies

substitutes erode profits because of which of the following factor?

substitutes divide demand and drive up internal rivalry

which of the following is not a component of the value net

supplementors

which of the following is the most likely substitute for commercial aircraft travel between chicago and tokyo

teleconferencing

which of the following is a trend that chicago area hospitals should least likely be worried about with respect to pricing?

there has been considerable consolidation in regional submarkets, including the city of chicago and the important north shore suburbs

why are suppliers in a competitive upstream market said to have 'indirect power'

they can sell their services to the highest bidder

what entity as a supplier has the most power over manufacturers in the commercial airplane market

unions

what concept developed by brandenburger and nalebuff as a counterpart to porters five forces consists of suppliers customers competitors and complementors

value net

which of the following is true about hospital industry profits from 1980 to 2000 and a five forces analysis

virtually every factor caused profits to decrease

which of the following factors requires the least consideration when assessing supplier power relative to the downstream industry it sells to?

competitiveness of the output market

which of the following is generally thought of as a buyer in the hospital industry

patients


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