BSG Exam Questions 2023 - 2024

1 / 14

BSG Exam Questions 2023 - 2024 With Verified Answers 1.Factors that weaken the rivalry among competing sellers include ANS High buyer costs to switch brands company industry rivals that any one company's actions have little impact on rivals' businesses, and rapid growth in buyer demand 2.Which one of the following conditions acts to intensify the competitive pressures associated with the threat of entry? ANS A general belief on the part of entry candidates that industry members are unwilling or unable to strongly contest the efforts of newcomers to gain a market foothold 3.A competitive environment where there is strong rivalry among sellers, low entry barriers, strong competition from substitute products, and consider- able bargaining leverage on the part of both suppliers and customers ANS Makes it hard for industry members to earn attractive 1 / 3

2 / 14

profits 4.Which one of the following is not a factor that affects the strength of sup- plier bargaining power? ANS Whether there are greater or fewer than ten suppliers of the item being purchased from suppliers 5.Potential entrants are more likely to be deterred from actually entering an industry when ANS Industry incumbents are willing and able to launch strong defensive maneuvers to maintain their positions and make it harder for a newcomer to compete successfully and profitably 6.Which one of the following is not a useful question for company managers to pose in trying to predict the likely actions of important rivals?ANS Which competitors are in the best strategic group in the industry?

7.Which of the following is a major question to ask in assessing a company's industry and competitive environment? ANS What forces are driving changes in the industry, and what impact will these changes have on competitive intensity and industry profitability?

8.The "driving forces" in an industry ANS are the major underlying causes of changing industry and competitive conditions and have the biggest influence on how the industry landscape will be altered 2 / 3

3 / 14

9.Which of the following statements about the market maneuvering for buyer patronage that goes on among rival sellers of a product or service is false? ANS While there is constant jockeying among industry members to improve their market position and profits, the current market leaders have a 90% or better chance of continuing their leadership and ultimately winning a sustainable competitive advantage over the other industry contenders.

• / 3