MGT 3200 : MGT 3200 Test 1
Document Summary
Which of the following is a way to establish and maintain a mutually beneficial relationship with one"s suppliers: lock in long-term contracts for the supply. When is rivalry the greatest in a market/industry: many organizations in the market industry, mature, low growth market. Which of the following would lead to a good competitive environment from the organization"s perspective: high barriers to entry into the organization"s marketplace. Which of the following is a barrier to entry into a market/industry: government patents, large capital requirements, brand loyalty, cost advantages of existing companies, distribution channels are tied up. Which of the following is not true according to the article, avoid pricing yourself short : companies who offer best prices, best service, and best quality and the ones who it dominates the market. According to the article, when competitive is advantage is neither , competitive benchmarking: is a strategy where you try to improve upon what your competitors are doing.
