1. True or false: The entrepreneurial capacity of managers is a building block of industry analysis.

2. Porter's Five Forces framework suggests which of the following?

a. Firms can gain competitive advantage leveraging their strengths regardless of environmental factors.

b. Changes in suppliers’ technologies can alter the competitive environment within the focal industry.

C. the entrepreneurial abilities of managers are a central requirement for competing successfully in an industry

D. complementary products are most likely to rise in importance as substitutes to existing techno logies.

e . Switching costs are lower for suppliers than for buyers.

3. True or false: The results from an industry analysis can be used indefinitely.

4. Porter’s Five Forces Framework is used for industry analysis in all of the following ways EXCEPT to:

A. identify opportunities to increase profit

B. decide whether to enter or exit the market

C. identify intangible assets that are crucial for competing successfully in a given industry

d. Identify which market niche to penetrate

E. complement a strengths, weaknesses, opportunities, threats (SWOT) analysis.