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NEW QUESTION: 1
Which factor signals a favorable structure in the remaining pockets of demand in a declining industry?
A. Innovation.
B. Reduction in the size of a customer group.
C. High switching costs.
D. Changes in the needs or tastes of customers.
Answer: C
Explanation:
The structure of the remaining pockets of demand determines whether the surviving firms can be profitable. Prospects are favorable if the pockets include price-insensitive buyers of highly differentiated products. Prospects also are favorable if buyers have little bargaining power because of high switching costs or other factors, such as the need to replace the equipment of the suppliers that have withdrawn from the industry. Furthermore, firms operating in remaining pockets may thrive if mobility barriers are high (preventing firms in other segments from competing) and if substitute products or strong suppliers are not threats. High switching costs mean that buyers are less likely to purchase substitutes. Thus, future demand is more certain, and the structure is more favorable.

NEW QUESTION: 2

A. Option C
B. Option D
C. Option B
D. Option E
E. Option A
Answer: E

NEW QUESTION: 3
Vicky is the project sponsor of Robert's project. She has requested several changes for the project scope and these changes have, of course, been approved. Robert needs to incorporate the project scope changes into the activity list. Where else should Robert reflect these project changes?
A. Cost baseline
B. Project final report
C. Quality control mechanism
D. Scope baseline
Answer: D
Explanation:
Explanation/Reference:
Explanation:
All scope changes should also be updated in the project scope baseline. The scope baseline is the project scope statement, work breakdown structure (WBS), and the WBS dictionary.
Incorrect Answers:
A: The project final report evaluates the success and failures of the project scope.
C: Quality control does not change. It always reflects the demands of the project scope.
D: If the changes affect cost then the cost baseline would also be updated. The question did not indicate that there would a change in the project cost.