1. Think about the industry made up of all broadcast radio stations including talk radio, music and sports. Classify each player below into one of Porter's five forces. (Buyer, Supplier, Rival, New Entrant, Substitute)
Pandora Radio - a streaming music service
Professional sports teams and leagues
Record companies and recording artists
Companies that pay to broadcast radio ads
2. Within Nucor, the task of negotiating with scrap metal dealers falls under the secondary activity of __________. The human resources practice of awarding large bonus affects _________ because it encourages workers to be more efficient.
A. none of these
B. inbound logistics; firm infrastructure
C. service; operations
D. procurement; operations
E. marketing and sales; operations
3. Which of the following is a good reason for Nucor to build the thin-slab casting plant?
A. They need to justify the money they have spent in research and development.
B. Traditional mini-mill plants are not as profitable as integrated mills.
C. There is no good reason to build the plant.
D. A successful plant will open up even greater possibilities for future expansion.
E. Nucor does not have other viable investments for its excess cash.