Porters Forces Model
In what industry does Intel and Microsoft have an advantage in?
Tech Industry
Name a company that exemplifies cost leadership in the construction equipment sector
Caterpillar
How do consumers generally benefit from global competition?
Prices fall
What gives a nation an advantage when it is home to globally competitive companies in related and supporting industries?
It can create a virtuous cycle of innovation, productivity growth, and economic prosperity, providing significant advantages in the global marketplace.
Which company established itself as a leader in the electric vehicle market by focusing on innovation, battery technology, and brand image?
Tesla
Which force relates to an establishment desire to gain a market share
New entrant threat
Which strategy focuses on creating more customer value for a narrowly targeted segment by understanding their needs and wants better than competitors?
Narrow focused strategy
What term describes a situation where a company encounters the same rival in market after market when expanding abroad?
Global competition
Why is Brazil often cited as a case point for physical resources?
Its large landmass, temperate climate, and abundant water supply
This smartphone manufacturer differentiated itself by offering high-quality devices with an emphasis on design and user experience.
Apple
Which force can induce buyers to switch to substitute products due to high prices
Threat of substitute products
What is the term for a strategy in which a company aims to offer the lowest prices in the industry, targeting a broad market?
Cost leadership strategy
Which industry has become competitive on a global basis due to the reluctance of manufacturers to produce high-quality and inexpensive product?
Automobile industry
What factor is crucial for success in sophisticated products and services and relates directly to Germany's leadership in chemicals?
Knowledge resources
Which online marketplace differentiated itself by offering a wide range of unique and handmade products, connecting artisans with global consumers?
Etsy
Which force aims to pay the lowest possible price to obtain the products and services they require
Bargaining power of buyers
Which strategy focuses on offering unique products to a narrow market segment at a premium price?
Focused differentiation strategy
What happens when a company offers consumers in other countries a better product at a lower price?
It takes customers away from domestic suppliers
What type of advantage do countries with a supply of low-wage workers have in the production of labor-intensive products?
Human resources
Which company disrupted the traditional retail industry by leveraging a vast online marketplace and efficient logistics infrastructure?
Amazon
Which force indicates the power of leveraging over industry firms and being able to raise prices high enough to significantly influence the profitability of their organizational customers?
Bargaining power of suppliers
Which strategy involves creating actual or perceived uniqueness in a product to stand out in the market?
Product differentiation strategy
Which three companies dominate an increasing number of detergent markets in Latin America and the Pacific Rim?
Colgate, Unilever, and Procter & Gamble
What aspects are encompassed by a nation's capital and infrastructure resources? (name at least 2)
Nation's banking system, health care system, transportation system, and communications system?
Which company gained a competitive advantage in the streaming entertainment industry by investing heavily in original content production and global expansion?
Netflix