1) The competitive strategy of an organization determines its ________.
A) industry rivals
B) functions
C) value chains
D) strategic alliances
2) The competitive strategy followed by an organization is derived from the ________ of its industry.
A) function
B) structure
C) profits
D) goals
3) Competitive strategy determines an organization's value chain.
4) Briefly describe how organizational strategy determines the functions of information systems.
5) Porter developed the five forces model to help organizations determine the ________.
A) potential profitability of an industry
B) services of an industry
C) reason for the collapse of certain industries
D) means for improving resource utilization
6) Which of the following statements describes suppliers in a position of strong bargaining power?
A) coffee planters during a season of frost that decreases production
B) domestic suppliers of corn in the event of removal of import duties on corn
C) providers of logistic support when fuel prices have been reduced
D) temporary part-time gym instructor
7) Simpson's Lawn Services decides to offer two free mowing services for all customers who booked garden landscaping in the fall. Which of the following forces is Simpson's Lawn Services addressing?
A) the control exercised by Acme Corp., who supplies Simpson's with lawn mowers
B) the power held by the landlord of the Simpson's office space
C) the threat posed by Roger's Landscapes, a new competitor
D) the bargaining power of the City Football Club who are Simpson's customers
8) Porter's five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.
A) pricing
B) labor
C) competition
D) consumers
9) The bargaining power of ________ is one of the five competitive forces in Porter's five forces model.
A) investors
B) competitors
C) employees
D) customers
10) In Porter's five forces model, each of the three competitive forces concerns the danger of ________.
A) suppliers favoring rival companies
B) customers taking their business elsewhere
C) investors refusing to back new projects
D) employees not working toward organizational goals