Chapter 5: Industry and Competitor Analysis 1) Each quarter, Craig Anderson, who owns a chain of auto repair shops, does a detailed analysis .analysis. of his firm's competitors. This analysis is called A) competitor B) challenger C) strategic D) participant E) industry 2) In general, industries are more attractive when the A) majority of the threats are high B) majority of the threats are low C) threat of each of the forces is neutral-neither low nor high D) threat of each of the five forces is high E) threat of each of the five forces is low 3) The price of prescription medicine is high, partly because when someone is sick there is no real alternative to buying medicine if they want to get better. Which of Porter's five forces explains how this aspect of the prescription medicine industry helps keep profitability high? A) Rivalry Among Existing Firms B) Threat of Substitutes C) Threat of New Entrants D) Bargaining Power of Buyers E) Bargaining Power of Suppliers 4) Which of Porter's five forces is most closely associated with the concept "barrier to entry"? A) Bargaining Power of Suppliers B) Rivalry Among Existing Firms C) Threat of Substitutes D) Threat of New Entrants E) Bargaining Power of Buyers Page 1 of 7