Question Completion Status: QUESTION 1 1 points Save A In 2020, Six Flags, the theme park, decided to purchase the Hershey Theme park in Pennsylvania. This park catered to the interests of many of the same thrill-seeking customers with a nationally known roller coaster ride. In the discussion of corporate strategy in slide set 4 and its video discussion, we go over corporate strategic alternatives. Which corporate strategic alternative did Six Flags engage in? O A. Divestiture OB. Backward Vertical Integration OC. Forward Vertical Integration OD. Horizontal Integration O E. Concentric Diversification OF. Retrenchment QUESTION 2 1 points Save Answ In 2021, Six Flags expects to reduce the number of non-performing parks in its line-up selling them to Disney. In this way, it will cut expenses where return is less and thereby be able to invest in its more profitable parks where seasonality is not an important issue. In the discussion of corporate strategy in slide set 4 and its video discussion, we go over corporate strategic alternatives. Which corporate strategic alternative is Six Flags considering? O A. Backward Vertical Integration OB Forward Vertical Integration O C. Retrenchment O D. Concentric Diversification O E. Horizontal Integration OF. Divestiture Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit o completion Status: QUESTION 3 1 points Save Answer In 2021, Six Flags decided it would sell toys which reflected its most popular rides believing it could capitalize on its well-known brand, and, given its brand recognition, it would open toy stores under its own name. In the discussion of corporate strategy in slide set 4 and its video discussion, we go over corporate strategic alternatives. Which corporate strategic alternative is Six Flags considering? O A Forward Vertical Integration B. Backward Vertical Integration O Concentric Diversification OD. Horizontal Integration E. Concentric Diversification and Forward Vertical Integration OF. Horizontal Integration and Concentric Diversification OG. Concentric Diversification and Backward Vertical Integration QUESTION 4 1 points Save Answer Six Flags operates in an industry dominated by some other large theme park venues including Disney and Great Adventure, but has a well-known name with 23 parks across the nation. In slide set 4 and slide set S, I go over the GE Matrix and discuss business strength and industry attractiveness (also note the small corrections made on the intro to the slide set 5 video). Which business strength does this most demonstrate for Six Flags? O A. Skilled Top Management OB. Production Knowledge OC. High Market Share OD.Brand Loyalty/Brand Logo O E. Cheaper Raw Materials OF. Mary Channels of Distribution OG.High Quality Product Save A Answers Save and Submit Click Save and Submit to save and submit. Click Save All Answers to save all answers, QUESTION 5 1 points Save Six Flags has been in the park business for 25 years, but its rides and facilities are getting old and dated. About 85% of the industry revenue is generated by the 10 largest companies. Thus, it is not a fragmented industry like, for example, the plumbing industry where no one has a large share. While not as large as Disney, it is among the top three parks in attendance. In slide set 4 and slide set 5, I go over the GE Matrix and discuss business strength and industry attractiveness (also note the small corrections made on the intro to the slide set 5 video). Which business strength does this most demonstrate for Six Flags? OA. High Quality Product B. High Market Share and High Quality Product OC. High Market Share and Production Knowledge O D. High Market Share OE Production Knowledge OF. High Market Share, High Quality Product, and Production Knowledge QUESTION 6 1 points For the ride industry in which Six Flags operates, there are concerns that 3-D movies at home and PC gaming are taking away teen customers and free national parks are drawing away families and senior citizens. In slide set 4 and slide set 5, I go over the GE Matrix and discuss business strength and industry attractiveness (also note the small corrections made on the intro to the slide set 5 video). This suggests that Six Flags is facing which negative industry factor? O A. Buyer Power O B. Supplier Power O C. Seasonal OD. Small Market Size O E. Competitive Rivalry OF. Substitute Pressure Save All Answers Save Click Save and Submit to save and submit. Click Save All Answers to save all answers O E. Competitive Rivalry OF. Substitute Pressure QUESTION 7 For the ride industry in which Six Flags operates, large parks frequently compete on price in a market comprised of families, teens, and senior citizens. The average customer base in this market is one million and has grown annually on average by 110,000. There are about five ride manufacturers and more than 100 theme parks. When rides must be installed, they must be installed during down time which is generally the winter months when most locations close. In slide set 4 and slide set 5, I go over the GE Matrix and discuss business strength and industry attractiveness (also note the small corrections made on the intro to the slide set 5 video). This suggests that six flags is experiencing which positive industry factor? O A. High Market Growth B. Non-Seasonal C. Large Market Size D. High Market Growth and Non-Seasonal O E. High Market Growth and Large Market Size OF. High Market Growth, Large Market Share, and Non-Seasonal Save All A Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro