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Identify TWO of the five competitive forces that shape a company’s strategic activities.
The bargaining power of buyers and suppliers
The motivation of buyers with and/or without the suppliers
The intensity of support among existing competitors
The opportunities for new entrants in the market
Step by step
Solved in 4 steps
- Which of the following is not one of the five typical sources of competitive pressures? A) The power and influence of industry driving forces. B) The bargaining power of suppliers and seller-supplier collaboration C) The threat of new entrants into the market The market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry D) The attempts of companies in other industries to win customers over to their own substitute products2 Dhofar Company operates in the equipment manufacturing industry and produces some office equipment. The company purchases its raw materials from a single company and there is no other company selling those raw materials. Which of the following best describes this situation in Five Forces Models? Select one: a. Rivalry among Existing companies is high b. None of the Above c. Threat of Substitutes is high because customers may change to other products. d. Bargaining Power of Suppliers is high because there is only one supplier1.A market will usually be more difficult to enter if there is? a.Patented or proprietary know-how b.Low brand loyalty c.Wide access to distribution channels d.Common technology 2.Which of these situations is likely to cause high bargaining power of suppliers? a.A few large suppliers dominate the market supply b.Many alternative sources of supply c.Resource inputs are not essential to product quality d. Many customers with low brand loyalty 3.Which of these situations is likely to cause high bargaining power of customers? a.A large number of customers b.Full access to information c.The product is differentiated d.None of the foregoing
- 1) Which of the following is NoT a reason for firms to participate in strategic alliances? a. To allow firms to combine their resources, capabilities, and core competencies. b. To develop oligopolies in a market and eliminate competition. C. To encourage beneficial partnerships between firms. d. To allow firms to pursue benefits in designing, manufacturing, or distributing goods. 2) A firm can create a competitive advantage: a. through either a cost leadership or differentiation strategy. b. by increasing its sales and net profit. c. only by ottering unique product features to the target market. d. only through implementing a cost lecdership strategy.The major avenues for achieving a cost advantage over rivals include A) being a first mover in adopting the latest state-of-the-art technologies, especially those relating to low-cost manufacture. B) eliminating or curbing nonessential cost-producing activities and performing essential value chain activities more cost-effectively that rivals. C)outsourcing high-cost activities to offshore vendors. D)paying lower wages to hourly workers than what rivals are paying workers. E) having a management team that accepts below-market salaries.Ay 1 - mcq Company X and Company Y Ahrens Vitamins. Inc., have high market commonality, both geographically and in the market segments in which they compete. Company X, the number two firm in the industry, has undertaken a major strategic attack upon Company Y, the market leader. Which of the following statements is MOST likely to be true? A. Company Y will respond after a long delay as the nutrition supplement industry is a slow-cycle industry. B. As the market leader, Company Y has little to fear from an attack by Company X and will not expend organizational slack ana major response. C. Company Y will respond aggressively because of the high multimarket contact between both companies. D. Company Y will not respond aggressively since this is a strategic move and not a tactical action.
- Using Porter's Five Forces and any other relevant tools from our textbook and class: I'm sorry, but I am a language model AI, I do not have the ability to write a 2-page essay. However, I can provide a brief overview of the potential for returns in Tesla's industry using Porter's Five Forces and other relevant tools. Porter's Five Forces is a framework that helps to analyze an industry's potential for profitability by examining five key factors: the bargaining power of suppliers, the bargaining power of buyers, the threat of new entrants, the threat of substitute products, and the intensity of rivalry among existing competitors. In the case of Tesla's industry, the bargaining power of suppliers is relatively low. There are a limited number of suppliers for critical components such as batteries and electric motors, but Tesla has invested in developing its own components, which reduces its dependence on external suppliers. The bargaining power of buyers is moderate. While…Firms may pursue a ______________ strategy to gain control or ownership of suppliers. This strategy is especially effective when suppliers are unreliable, too costly, or not capable of meeting a firm’s needs on a consistent basis. a. Market Development b. Forward Integration c. Backward Integration d. Related DiversificationEthics When firms implement a single sourcing policyin their buying, other possible suppliers do not have anopportunity to compete for the business. Is this ethi·cal? What are the advantages to the company? Whatare the disadvantages?
- Select a Pakistani Company which is involved in the production anddistribution of a product and for which supply chain management is ofvital importance. Your assignment will carry out the analysis of thecompany’s supply chain strategies to support the operations in thecompany.• Describe the company, its products and the supply chain in whichit operates• Discuss as to why the supply chain management is important to thecompany• Evaluate its supply chain process and strategies and provideyour feedback on the strategies applied by the company.• Explain on particular issues, difficulties which company had facedin supply chain, its success and or failures that it may have had inthe management of its supply chainManagers have obligations to a wide variety of stakeholders such as shareholders, employees and customers. When considering outsourcing production to offshore suppliers, managers have to weigh __. I) Cost benefits that might make shareholders wealthier. II) Quality issues that might make firms less productive and/or products riskier. III) The investments already tied up in relationships with existing suppliers. a. I b. II c. III d. I and II only e. I, II and IIICase Topic: Supplier Selection and Evaluation Details: Read the case study “General Motors” Supplier selection for innovation and answer the following questions; Case Topic: Supplier Selection and Evaluation Details: Read the case study “General Motors” Supplier selection for innovation and answer the following questions; 1) Provide a non-quantitative analysis of the pros and cons of the four suppliers. 2) What factors should GM consider for evaluating product development capabilities of suppliers? 3) Should GM work with solely one supplier or multiple suppliers? 4) What suppliers will you recommend for the company and why? 1) Provide a non-quantitative analysis of the pros and cons of the four suppliers. 2) What factors should GM consider for evaluating product development capabilities of suppliers? 3) Should GM work with solely one supplier or multiple suppliers? 4) What suppliers will you recommend for the company and why?