The task of driving forces analysis is toMultiple Choiceidentify all the underlying factors that can cause industry profitability to rise or fall in the years ahead.predict what new forces of competitive and market change will emerge next.determine which of the five competitive forces is the biggest driver of industry change.identify which companies are being driven to move from one strategic group to another strategic group.collectively (1) identify the driving forces, (2) assess whether the drivers of change are acting individually or in concert to make the industry more or less attractive, and (3) determine what strategy changes are needed to prepare for the impact of the driving forces.

Which of the following is not generally a "driving force" capable of producing fundamental changes in industry and competitive conditions?Multiple Choicemovement in the economy and in interest ratesproduct innovation and technological changeregulatory influences and government policy changesincreasing globalization of the industrychanges in the long-term industry growth rate

Of the following questions, which would NOT be used to assess a company's industry and competitive environment?Multiple choice question.What forces are driving industry change?What kinds of competitive forces are industry members facing, and how strong is each force?Which financial objectives should be used to measure company performance?Do industry characteristics offer sellers opportunities for growth and attractive profits?

After understanding an industry's general economic characteristics, industry and competitive analysis should focus on the dynamics of the industry.

The biggest and most important differences among the competitive strategies of different companies boil down toMultiple Choicewhether a company's market target is broad or narrow and whether the company is pursuing a competitive advantage linked to low cost or differentiation.how they go about building a brand name image that buyers trust and whether they are a risk-taker or risk-avoider.the kinds of actions companies take to improve their competitive assets and reduce their competitive liabilities.the relative emphasis they place on offensive versus defensive strategies.the different ways the companies try to cope with the five competitive forces.

What is the primary focus of industry analysis?  A. Microeconomic factors  B. Company-specific factors  C. Macroeconomic factors  D. Market sentiment