: a 7. Which of the following is generally not considered as a barrier to entry? Rapid market growth b. Sizable capital requirements and an array of regulatory requirements c. Strong buyer loyalty to existing brands d. Sizable economies of scale in production e. Difficulties in gaining access to technological know-how 8. Which of the following is not a good example of a substitute product? a. A salad as a substitute for French fries b. Wireless phones as a substitute for wired telephones C. Coca Cola as a substitute for Pepsi d. Snowboards as a substitute for snow skis e Video-on-demand services from a cable TV company as a substitute for going to the movies 9. Which of the following makes rivalry in an industry weaker? a. Rivals are active in making fresh moves to increase sales and/or market share b. Rivals are of roughly equal size and capability c. Buyer demand is growing slowly d. Rivals move infrequently or in a not-aggressive manner e. None of the above 10. A strategic group consists of those firms in an industry that a. Have the highest degree of brand loyalty b. Place the same emphasis on each distribution channel. C. Have failing business models d. Employ similar competitive approaches and occupy similar positions in the market. e. Have similar size market share 11. Something that a corporation does exceedingly well compared to other activities that they engage in a. Resources b. Distinctive competencies c. Core competency d. Key success factors e. SWOT 12. When buyers have the ability to negotiate or set the terms of sale, they have a. Strong bargaining power of buyers b. Strong bargaining power of suppliers c. Low bargaining power of buyers d. Low bargaining power of competitors e. Strong substitutes 13. The products of different businesses or industries that can satisfy similar customer needs. a. Buyer bargaining power b. Supplier bargaining power c. Substitute products d. Differentiated product lines e. None of the above
31. Beacon Motors is in the business of manufacturing chassis for fire truck manufacturers in the northeastern United States (both Beacon Motors and Beacon Motor’s customers are located in the northeast). Beacon is the producer of choice in this narrow market. Beacon’s top management keeps tight control over expenditures and control systems. Qualities of thrift, discipline and flexibility are central to the firm’s success. Beacon’s rigid cost control permeates the value and the entire company. Answer the following two (2) questions based on this scenario. a. What business competitive position is Beacon Motors using? pa b. Support you answer. Be specific.

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