The Best Test of Whether Potential Entry Is a Strong

question 126

Multiple Choice

The best test of whether potential entry is a strong or weak competitive force is

• A)the strength of buyer loyalty to existing brands.
• B)whether the industry's driving forces make it harder or easier for new entrants to be successful.
• C)whether the strategies of industry members are well-matched to the industry's key success factors.
• D)whether there are any vacant spaces on the industry's strategic group map.
• E)to ask if the industry's growth and profit prospects are strongly attractive to potential entry candidates.

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Definitions:

Lucrative Relations

Relationships, either between countries or businesses, that are highly profitable and beneficial to the parties involved.

Civilization

A complex society characterized by the development of forms of government, social stratification, urbanization, and symbolic systems of communication such as writing.

Agricultural Practices

Methods and techniques used in farming to cultivate plants and raise animals for food, fiber, and other products.

Catholicism

A branch of Christianity headed by the Pope and characterized by its traditions and form of liturgy based on the Seven Sacraments.