Multiple Choice: 1) Paradigm shifts are most likely to occur when an industry is

ID: 452329 • Letter: M

Question

Multiple Choice:

1) Paradigm shifts are most likely to occur when an industry is characterized by each of the following conditions except

A- Existing technology mature

B- the industry is unaware of the technology

C- it serves too small of a market to affect missing firms profits

2) Michael Porter identified each of the following as a source of national competitive advantage except

A- Local demand for industries products

B- a lack of competition between local supplies to the industry

C- the local cost and quality of the factors of production

3) Which of the following would porter’s diamond model identify as an unfavorable factor in the selection of an overseas manufacturing location?

A- Recognition of private property rights

B- a socialist government in the potential location

C- minimal completion amongst supplier firms

4) If you wanted to extend the life of a mature product by selling it globally, which of the following entry tactics would you most likely utilize?

A- Franchising

B- licensing

C- creating a wholly owned subsidiary

5) The sum of the discounted per share value of the future earnings of a company is

A-The theoretical value of a share of the company’s stock

B- well beyond the scope of this course

C- the underlying pedagogy of the DuPont formula

1-A

2-B

3-C

4-B

5-A

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