Which of the following is NOT a condition causing high rivalry among competing firms? * O Low exit barriers Rivals' having excess inventory O Consumers' switching brands easily High fixed costs Every day, airline companies are 3 points changing their flight ticket prices based on several pieces of external information. For instance, if all competitors increase their price for a certain route, a flight provider would quickly follow suit to secure higher margins. In addition, customer information is frequently used for pricing adjustments. By identifying and tracking specific users, flight companies can spot when a potential customer is repeatedly searching for the same flight details and increase the prices over time, since they can be sure that they really want to fly on these dates. Which of Porter's forces is most apparent in this scenario? * Rivalry among existing firms Potential entry of new competitors Bargaining power of suppliers Bargaining power of customers 3 points The global presence of McDonalds in more than 100 countries has created a large number of loyal customers worldwide. Although it offers standardized quality products with value based price, McDonalds has been sued multiple times for serving unhealthy food. Besides, employee turnover runs high at McDonalds despite having a thoroughly trained and experienced staff as the other majority of fast-food chains. However, McDonalds is considered a market leader because of its good corporate social responsibility in addition to its convenient and extended hours that mainly focus on customer's comfort. What does this scenario summarize? * external factors, including both opportunities and threats internal factors including just strengths internal factors, including both atronathandwaalne 4 points The Sweden-based furniture retail giant IKEA Group's (IKEA) entry into and expansion in Russia. When IKEA entered this key emerging market as part of its international expansion strategy, it had to face several roadblocks when setting up stores, inaugurating (installing) them, and even while advertising them. According to the company, its strict adherence to its principle of non-tolerance for corruption did not go down well with Russian authorities who were largely believed to be corrupt. When making decisions about setting this business, which factor affects it? * Technological factors Political factors Social and cultural factors Economic factors ! 3 points Access to higher education is largely affected by the transportation infrastructure surrounding universities that enables students to access a university campus easily. Presumably, institutions that are located along well-established public transit routes have a competitive advantage over those with poor transit links. As a result, large, well-connected metropolitan universities like American University of Beirut (AUB) has a distinct advantage over more isolated ones. Several universities have set up satellite schools along this transportation corridor. As an example, the Lebanese International University (LIU) has opened nine campuses to cover all areas in Lebanon. Referring to the above scenario, the suggestion is that distribution channels remain a large capital requirement arrid ta A standardized set of behaviors 2 points used to manage anxieties is called a O folktale Orite metaphor O ritual 2 points When does the bargaining power of suppliers affect the intensity of competition? * When the consumers' costs of switching decrease When there are many suppliers When there are few good substitute raw materials When the relative price of substitute products declines 2 points According to I/O theorists, which of the following contributes LEAST to firm's performance? O Internal resources O Product differentiation O Barriers to market entry Economies of scale 3 points Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. Over the years, Toyota has maintained a sustainable value creation for customers through taking advantage of its lean production systems known as Toyota Production System (TPS). TPS cannot be easily matched and can hardly be imitated or assimilated by the company's competitors. The TPS has helped Toyota eliminate waste, yielding the best quality delivery at the lowest cost, maximized throughput without impairing workforce safety and morale. It has also helped Toyota respond effectively to Japan's shortage of raw materials necessary for industrialization back in the 1970s. Today, "daily improvements" in TPS is set as the company's main objective. Toyota Production System (TPS) represents Toyota's 4 points Under the Kyoto Protocol, industrialized countries are required to reduce their emissions of six greenhouse gases mainly (CO2) on average by 5.2% below the 1990 level, thus keeping the cost of curbing emissions low. This issue is very critical in the United States, where non-compliance firms are subject to fines and penalties, which include shutting down their business. Compliance to Kyoto protocol is an example of competitive pressure entry barrier exit barrier specialized know-how addition to collecting data on subscriber actions, Netflix also encourages feedback from its subscribers. On another hand, Netflix strives to continually increase its market share and stay cost-competitive on a global basis. Therefore, its management is engaged in a systematic and ethical process for gathering and analyzing information about the competition's activities. To enhance its competitive intelligence, Netflix would refer to all the below activities, except referring to tactics like bribery, wiretapping, and computer hacking O hiring top executives from rival firms using surveys and interviews of customers, suppliers, and distributors monitoring relevant trade publications, magazines, and newspapers 4 points Under the Kyoto Protocol, industrialized countries are required to reduce their emissions of six greenhouse gases mainly (CO2) on average by 5.2% below the 1990 level, thus keeping the cost of curbing emissions low. This issue is very critical in the United States, where non-compliance firms are subject to fines and penalties, which include shutting down their business. Compliance to Kyoto protocol is an example of competitive pressure entry barrier exit barrier O - specialized know-how addition to collecting data on subscriber actions, Netflix also encourages feedback from its subscribers. On another hand, Netflix strives to continually increase its market share and stay cost-competitive on a global basis. Therefore, its management is engaged in a systematic and ethical process for gathering and analyzing information about the competition's activities. To enhance its competitive intelligence, Netflix would refer to all the below activities, except referring to tactics like bribery, wiretapping, and computer hacking hiring top executives from rival firms using surveys and interviews of customers, suppliers, and distributors monitoring relevant trade publications, magazines, and newspapers