BADM Quiz 2 – Study Guide, Key Concepts & Practice Questions Review
The example of the Counter and the Habit discussed in lecture were cited as what type of
strategy? - correct answer ✔✔Market strategy
Which of the following is "not" true for powerful suppliers - correct answer ✔✔They have little
impact on company profit
From the reading, what best describes Toys R Us' more important strategy in gaining eventual
entry into the toy market in Japan? It were an example of what type of strategy? - correct
answer ✔✔A non-market strategy
What is especially destructive to profitability? - correct answer ✔✔Rivalry
From your reading, which of the following is "not" a common pitfall in conducting a market
analysis - correct answer ✔✔Using industry trends that ignores static analysis
Competition drives product pricing up - correct answer ✔✔False
From your reading please complete the following statement, "In essence, the job of the
strategist is to..." - correct answer ✔✔Understand and cope with competition
The power of buyers can in some cases be harnessed against a firm. Which of the following is an
example of this? - correct answer ✔✔All of the selections provided
Eliminating rivals is a risky strategy - correct answer ✔✔True
From your reading, industry growth tends to "stimulate" rivalry - correct answer ✔✔False
The example of the Counter and the Habit discussed in lecture were cited as what type of
strategy? - correct answer ✔✔Market strategy
Which of the following is "not" true for powerful suppliers - correct answer ✔✔They have little
impact on company profit
From the reading, what best describes Toys R Us' more important strategy in gaining eventual
entry into the toy market in Japan? It were an example of what type of strategy? - correct
answer ✔✔A non-market strategy
What is especially destructive to profitability? - correct answer ✔✔Rivalry
From your reading, which of the following is "not" a common pitfall in conducting a market
analysis - correct answer ✔✔Using industry trends that ignores static analysis
Competition drives product pricing up - correct answer ✔✔False
From your reading please complete the following statement, "In essence, the job of the
strategist is to..." - correct answer ✔✔Understand and cope with competition
The power of buyers can in some cases be harnessed against a firm. Which of the following is an
example of this? - correct answer ✔✔All of the selections provided
Eliminating rivals is a risky strategy - correct answer ✔✔True
From your reading, industry growth tends to "stimulate" rivalry - correct answer ✔✔False
