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Restaurants have struggled during the COVID-19 pandemic due to voluntary and mandatory restrictions on social gatherings. Large chains have the resources to offer delivery services to offset their losses, but smaller companies may not. What is the strategic issue that restaurants are facing?

ShoeFarm is a cheap shoe company. They have been experiencing stagnating growth both in profits and market share. While they can maintain a presence in the market, they struggle to gain market share from cheap shoe sellers. What might ShoeFarm most likely be experiencing?

Starbucks and Dunkin Donuts are considered rival competitors in their industry. According to PorterÕs Five Forces, which of the following provides the BEST explanation for why these two companies have such fierce rivalry?

A home building company is bidding on new projects in the New River Valley subdivision. Since Covid-19, all the plumbers, except for MikeÕs Plumbing, have gone out of business. Has the bargaining power of suppliers increased or decreased?

Spotify is a music streaming application that leverages its technology to bring high quality music and customized playlists to its customers. Spotify has innovative features such as collaborative playlists, customized weekly and daily playlists, and shared music streaming that other competitors have not been able to offer. For other companies to level the playing field they should ___________.

What would be an example of an opportunity for an organization?

A firm has a sustained competitive advantage. Which of the following describes their resources and capabilities?

Which resource or capability characteristics result in a competitive parity?

You have been hired by Pepsi to evaluate the external environment of the alcohol industry. Pepsi is considering entering the alcohol production and distribution industry but are unsure if external factors are favorable for them to be profitable. They are solely focused on the existing rivalry among competitors. Based on PorterÕs Five Forces analysis, what is the most likely outcome of Pepsi focusing solely on the existing rivalry between competitors in the industry?

Southwest Airlines (SW) has a business strategy that is not common in the commercial airline industry. Southwest does not offer assigned seats, which is an easy way for competitors to charge different prices for different seating and potentially make more revenue per flight. SouthwestÕs reasoning for not allowing reserved seats is that it decreases boarding time. What strategy is Southwest employing in this practice and what impact does it have on their industry?