Based on an analysis of the five forces that increase or decrease competitive pressures in an industry, in which of the following industries is profitability likely to be lowest?

a. gas pipeline transportation

b. lottery ticket retailer

c. upscale restaurants

d. balanced scorecard software seller

e. private marketing services

2. Strategic management and business continuity management are closely related because:

a.Both focus on analyzing an organization's internal potential

b.Business continuity management is a subfield of strategic management

c.Strategic management provides the framework for business continuity planning

d.Both involve evaluating an industry's competitive forces

3. Which one of the following is a true statement regarding the balanced scorecard method?

a.It distributes the employees' performance along a bell-shaped curve.

b.It compares employees against one another.

c.It ties in individual goals with organizational goals.

d.it lists employees from highest to lowest based on contributions.

4.The most powerful of the five typical sources of competitive pressures is usually

a.the benefits that emerge from close collaboration with suppliers and the competitive pressures that such collaboration creates.

b.the bargaining power and leverage that large customers are able to exercise.

c.the competitive pressures associated with the market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry.

d.associated with the potential entry of new competitors.

e.the competitive pressures that stem from the ready availability of attractively priced substitute products.

5.Rivalry among competing sellers is generally more intense when

a.barriers to entry are high, and buyer switching costs are high.

b.the industrys driving forces are strong, and rivals have strongly differentiated products.

c.industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume.

d.buyer demand is growing rapidly.

e.barriers to entry are moderately high, and the pool of likely entry candidates is small.