1.Identify and describe the relevant factors and forces comprising the environmental context in which a company operates. Which of these factors and forces constitute the company's macro-environment and which constitute the industry and competitive environment? Explain.

2.Identify and describe the interactions among the competitive forces that comprise the five-forces model of competition. Which of these competitive forces is typically the strongest? Explain.

3.Identify and briefly explain any three factors that lead to strong bargaining power on the part of buyers.

4.Identify and briefly explain any three factors that lead to weak bargaining power on the part of buyers.

5.Identify and briefly discuss any three of the factors that influence the bargaining strength and leverage of buyers.

6.Identify and briefly explain any two of the factors that influence the strength of competition from substitute products.

7.Identify and briefly explain any three factors that lead to strong bargaining power on the part of suppliers.

1.Identify and briefly explain any three factors that lead to weak bargaining power on the part of suppliers.

2.Identify and briefly explain any three factors that intensify competitive pressures stemming from the threat that new firms will enter the industry.

3.Identify and briefly explain any three factors that weaken the competitive pressures stemming from the threat that new firms will enter the industry.

4.Identify and briefly describe five common barriers to entering an industry.

5.Identify two benefits of constructing a strategic group map.

6.What are industry key success factors? Why is it important for strategy makers to have a clear understanding of an industry's key success factors?