Question

me amount or its supprea given a change mi prices QUESTION 23 In the IO perspective it is important to enter an industry with a. High supplier power b. Low threat from substitutes c Low levels of rivalry between firms d. Only B&C QUESTION 24 Firms have a competitive advantage when a. They can deliver the same product benefits as their competitors but at a lower cost b. They can deliver superior product at a similar cost c. Both of the above d. None of the above QUESTION 25 Porter's five forces portray a. A zero-sum game Ob A game where your profitability comes at the expense of someone else's c. The ability of market participants to create a larger total pie Od Only A&B Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Answer 1

Ans.23- (D)

It is important to enter an industry with low supplier power, low threat from substitutes and low level of rivalry between firms.

Ans.24- (C)

A competitive advantage exists when the firm is able to deliver the same benefits as competitors but at a lower cost (cost advantage), or deliver benefits that exceed those of competing products (differentiation advantage).

Ans.25- (A)

5 forces portray industry as a zero-sum game.