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MIE 480 MIDTERM CHAPTER 3
EXAM 2026 LATEST QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
Aspiring entrants armed with new capacity and hungry for market
share, can ratchet up the investment required for companies to
compete. - correct answer -true
Substitute offerings can lure customers away from your products /
services. - correct answer -true
One way to neutralize supplier power is to make the specifications
for what you purchase from them so unique that they will only be
able to sell it to you. - correct answer -false
One sure way to guarantee long term profitability is to eliminate
your rivals and take advantage of the resulting profit windfall. -
correct answer -false
Which of the following is NOT a typical step in industry analysis
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Select one:
A. Analyze recent and likely future changes in each of Porter Five
Forces , both positive and negative.
B. Look for industries with high degrees of technical innovation
C. Determine the industry structure and test the analysis for
consistency
D. Define the relevant industry - correct answer -B
Which of the following is error often made when using Porter's
Five Forces
Select one:
A. Using the framework to better understand industry trends
B. Using the framework to declare an industry attractive or
unattractive rather than using it to guide strategic choices
C. Using the framework to engage in a rigorous analysis
D. Use the framework to reshape the forces in your company's
favor. - correct answer -B
Which of the following is not one of Porter's Five Forces
Select one:
A. Threat of New Entrants
B. Optimization of Shareholder wealth
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C. Rivalry of Existing Competitors
D. Bargaining power of buyers - correct answer -B
According to the article "Five Competitive Forces That Shape
Strategy" competition and profitability is driven by whether an
industry is emerging, or mature, high tech of low tech, regulated
or not regulated as opposed to the industry structure. - correct
answer -False
Key insight for Porter's Five Forces - correct answer -competition
for profit goes beyond established industry rivals and should
include at least four other competitive forces
Steps in Industry Analysis, Step 1 - correct answer -define the
relevant industry
Products and scope of competition
Steps in Industry Analysis, Step 2 - correct answer -identify
participants and segment them into groups such as buyers and
suppliers
MIE 480 MIDTERM CHAPTER 3
EXAM 2026 LATEST QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
Aspiring entrants armed with new capacity and hungry for market
share, can ratchet up the investment required for companies to
compete. - correct answer -true
Substitute offerings can lure customers away from your products /
services. - correct answer -true
One way to neutralize supplier power is to make the specifications
for what you purchase from them so unique that they will only be
able to sell it to you. - correct answer -false
One sure way to guarantee long term profitability is to eliminate
your rivals and take advantage of the resulting profit windfall. -
correct answer -false
Which of the following is NOT a typical step in industry analysis
, Page | 2
Select one:
A. Analyze recent and likely future changes in each of Porter Five
Forces , both positive and negative.
B. Look for industries with high degrees of technical innovation
C. Determine the industry structure and test the analysis for
consistency
D. Define the relevant industry - correct answer -B
Which of the following is error often made when using Porter's
Five Forces
Select one:
A. Using the framework to better understand industry trends
B. Using the framework to declare an industry attractive or
unattractive rather than using it to guide strategic choices
C. Using the framework to engage in a rigorous analysis
D. Use the framework to reshape the forces in your company's
favor. - correct answer -B
Which of the following is not one of Porter's Five Forces
Select one:
A. Threat of New Entrants
B. Optimization of Shareholder wealth
, Page | 3
C. Rivalry of Existing Competitors
D. Bargaining power of buyers - correct answer -B
According to the article "Five Competitive Forces That Shape
Strategy" competition and profitability is driven by whether an
industry is emerging, or mature, high tech of low tech, regulated
or not regulated as opposed to the industry structure. - correct
answer -False
Key insight for Porter's Five Forces - correct answer -competition
for profit goes beyond established industry rivals and should
include at least four other competitive forces
Steps in Industry Analysis, Step 1 - correct answer -define the
relevant industry
Products and scope of competition
Steps in Industry Analysis, Step 2 - correct answer -identify
participants and segment them into groups such as buyers and
suppliers
