Complete the below:
1. Critical-Success-Factor (CSF) analysis is one of the few analytical tools available to compare one's company with its competitors on factors important in the industry.
True
False
2. Competitors in an industry that produce more or less the same product have bargaining power over their buyers.
True
False
3. Any company depicted in a strategic-group map can compete with any other.
True
False
4. A situational monopoly is one of the following:
An instant monopoly
Something no other competitor has
An ownable space for a useful period of time
An opportunity to charge more than competitors
None of the above
5. What is the essence of strategic thinking?
Thinking about strategic planning
Finding alternative ways of competing and providing customer value
Playing devil's advocate to what the company is currently doing
All of the above
6. A value curve that is higher than the industry's or uses issues unfamiliar to the industry is a sign of a blue ocean.
True
False
7. Which is not part of a Porter's Five-Forces Model analysis?
Who has bargaining power?
How intense is the rivalry among competitors?
How concentrated is the industry?
How strong is the threat of substitutes?
How high are entry barriers?
8. Which of the following cannot be deduced from a strategic-group map?
Competitors that are strategically similar
Market shares of individual competitors
Areas of unserved demand
Competitors that are not really competitors
Entry barriers of different strategic groups
9. Which of the following is not an economic variable?
Rate of inflation
Income levels
Unemployment rate
Housing starts
Interest rate
10. Which building block is not among the nine that comprise the business-model canvas?
Industry segments
Revenue streams
Customer relationships
Key partnerships
Cost structure