Reading - How Competitive Forces Shape Strategy

Question 1

State of competition in an industry depends on how many forces?

Answer 1

5

Question 2

What determines the ultimate profit potential of an industry?

Answer 2

The collective strength of these forces.

Question 3

What are the threats of entry?

Answer 3

• Economies of scale
• Product differentiation
• Capital requirements
• Cost disadvantages independent of size
• Access to dis
• Government policy

Question 4

What is economies of scale?

Answer 4

lol