1. According to Porter's Five Forces model, suppliers are strong when which of the following statements is true?
A. There are high costs to switch suppliers
B. Customers are weak
C. There is a standardized product
D. Both B and C
2. According to Porter's Five Forces model, increasing switching costs in a market will cause rivalry to do which of the following?
A. Have an indeterminate effect
B. Remain the same
C. Increase
D. Decrease
3. Which of the following is NOT a component of a thorough strategic management process?
A. Strategic implementation
B. Strategic analysis
C. Strategy dissembling
D. Strategic choice
4. Which of the following are barriers to entry?
A. Patents and asset specificity
B. Proprietary knowledge and government barriers
C. Economies of scale and copyrights
D. All of the above