CHAPTER 8 CHUNRONG MY BOY
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
