1. According to Porter's Five Forces model, increasing the number of firms in a market will cause rivalry to do which of the following?
A. Decrease
B. Have an indeterminate effect
C. Remain the same
D. Increase
2. According to Porter's Five Forces model, buyers are weak when which of the following statements is true?
A. Buyers are concentrated
B. Buyers purchase a significant proportion of output
C. Buyers are fragmented
D. Both A and B
3. Which of the following represents a functional level strategy?
A. Human resources
B. Marketing
C. Research and development
D. All of the above
4. 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
5. 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
6. 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