Types of industries
Type of industry
barriers to entry
True/False
Types of competitors
100
A ______ Industry is one in which standard operating procedures have yet to be developed.
Emerging Industry
100
Subway is an example of what industry type?
Mature
100
One BTE would include Patents and trademarks. These barriers are known as ____.
Government and Legal barriers
100
The more competitors there are, the more likely it is that one or more will try to gain customers by cutting prices.
True
100
Businesses that offer products identical or similar to those of the firm completing the analysis are what type of competitor?
Direct Competitor
200
An industry is experiencing a reduction in demand, it might be what industry?
Declining Industry
200
Video Rental services would fall into this industry category.
Declining
200
Coke and Pepsi are soda companies that sell almost the same product, that may be used as an example for what BTE?
Product Differentiation
200
When a firm enters an industry with powerful barriers to entry, they must have a plan to overcome those barriers.
True
200
This competitor can change its category and move to different roles as time moves on.
Future Competitors
300
The goal is to consolidate the industry and establish leadership as a result in what type of industry?
Fragmented Industry
300
United Airlines falls into what industry type?
Global Industry
300
Mass production results in lower average costs, this is _____.
Economics of Scale
300
Apple Is a declining Industry.
False
300
Pepsi and Cokes' competition together falls into the category of ____ Competitors.
Direct
400
when an industry is experiencing no increase in demand, an established customer base, and has limited product innovation, it is a ______.
Mature Industry
400
This industry type includes Virtual Reality.
Emerging
400
As a business, your company may struggle to find its' way into a crowded market. this can be summed up using what BTE?
Access To Distribution Channels
400
An advantage to being in the emerging industry is that you have a fresh, new image with no real influence yet.
True
400
Businesses offering close substitute products are what category?
Indirect
500
one of the most common strategies in what industry is the multi-domestic strategy?
Global Industries
500
Best summed up by Plant nurseries and Landscaping companies, this industry is known as _____.
Fragmented
500
An established company within a market may struggle less with finances and advantages not available to new entrants. This is what type of BTE?
Cost Advantages independent of Size
500
the degree to which products differ from one producer to another doesn't effect industry rivalry.
False
500
Of the three, the most threatening competition for start-up companies is what?
Indirect competition