Industry analysis – nature of competitive forces

Industry analysis is a means by which one examines whether the nature of competitive forces makes an industry subject to the purview of the Federal Trade Commission.

Group of answer choices
True
False
2.A successful new product development team works in a state-of-the-art lab and is aided by a crack team of market researchers. This is likely to be a source of durable competitive advantage for the company because of
a.
historical conditions.
b.
smart investments.
c.
social complexity.
d.
efficient operations.
3.The business level strategy that carries the most risk, especially if it does not establish a leadership position, is
a.
low cost leadership.
b.
differentiation.
c.
focused differentiation.
d.
integrated cost-leadership differentiation.
4.A low-cost leader can achieve superior profit performance by
a.
using the low-cost edge to under price competitors and attract price sensitive buyers in large enough numbers to increase total profits.
b.
refraining from price-cutting and use the low-cost advantage to earn a bigger profit margin on each unit sold.
c.
going all out to use its cost advantage to capture a dominant share of the market.
d.
spending heavily on advertising to promote its cost advantage and the fact that it charges the lowest prices in the industry—it can then use this reputation for low prices to build very strong customer loyalty, gain repeat sales year after year, and earn sustained profits over the long-term.
e.
both a and b.
5.Achieving a cost advantage over rivals entails
a.
concentrating on narrow portion of the value chain and abandoning all other activities that create costs.
b.
being a first-mover in pursuing backward and forward integration and controlling as much of the value chain as possible.
c.
out-managing rivals in controlling the cost drivers and finding creative ways to cut cost- producing activities out of the value chain.
d.
being a heavy user of offensive strategies and a light user of defensive strategies.
e.
producing a standard product, redesigning the product infrequently, and having minimal advertising.
6.The production emphasis of a company pursuing a broad differentiation strategy usually involves
a.
a search for continuous cost reduction without sacrificing acceptable quality and essential features.
b.
strong efforts to be a leader in manufacturing process innovation.
c.
above-average expenditures for new product R&D and efforts to build-in whatever features that buyers are willing to pay for.
d.
aggressive pursuit of economies of scale and experience curve effects
e.
developing a distinctive competence in zero-defect manufacturing techniques.

Don't use plagiarized sources. Get Your Custom Essay on
Industry analysis – nature of competitive forces
Just from $13/Page
Order Essay
Chegg Answers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with CheggAnswers

Quality Essays

At CheggAnswers.com, we boast of our quick turnaround that is facilitated by our experienced team of writers. We can handle both short and long deadlines, as per our clients’ requests. Quality work is the cornerstone of our service.

Top Writers

Our writers are qualified professionals who are well-versed with more than 80 subjects. We have achieved this milestone overtime because of our rigorous hiring process that filters professionals from average writers. We believe that exposing our customers to qualified writers is the starting point of delivering quality work.

Plagiarism-Free Papers

Our writers submit papers that are written from scratch to uphold the much-needed originality when submitting your papers. Our references are mainly sourced from reputable databases such as Emerald Insight, Ebsco, and ProQuest. All papers follow the conventional styles of referencing that include APA, MLA, Chicago, Harvard, and Vancouver.

24/7 Customer Support

The customer is king and as such, CheggAnswers.com has a committed support department that handles all concerns and clarifications from our clients. We encourage customers to contact us at any given time through our listed telephone, email, and text platforms.

Prompt Delivery & 100% Money Back Guarantee

Your work starts immediately after placing an order. Our writers are aware of our company policy that guarantees quality work to all our customers. For this reason, CheggAnswers strives to deliver assignments on time to avoid any delays that might compromise our relationship with clients.

Free Revisions

Although we are confident in our writers, you are entitled to free revisions whenever need arises. However, we highly disregard customers who misuse this privilege.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We offer a wide range of services that are aligned with the customers’ needs and expectations. We have positioned ourselves strategically to become a one-stop-shop where customers can access all academic services under one roof.

Essays

Academic Writing

Our main service is academic paper writing, which is handled by a pool of experienced writers who uphold the expected standards of writing. Over the years, we have delivered quality work to our clients because of our commitment to promote quality over quantity.

Admissions

Admission Essays

Whether you are about to Join College or you are a continuing student, CheggAnswers is there to help. Our competent professionals will solve all your writing problems. Personalization is key to scoring highly and satisfying the admission board’s expectations. We will help you achieve your academic goals.

Reviews

Editing & Proofreading

Some of our clients prefer to write their essays and have a third-party like CheggAnswers proofread their work. We have a skilled team of editors who comb through your paper and make any amends to increase its overall appeal. For all your editing and proofreading needs, CheggAnswers is there to help.

Reviews

Revision Support

At CheggAnswers, we offer an extensive revision support that works tirelessly to ensure that customer needs and expectations are met. We work closely with writers upon a customer’s revision request to ensure that we keep our promise of delivering quality work to all our clients.