Question 1
Which of these situations is likely to cause high bargaining power of suppliers?
Many customers with low brand loyalty
A few large suppliers dominate the market
Many alternative sources of supply
None of these
Question 2
What is the main purpose of Porter’s Five Forces Model?
Manage product portfolios
Inform investment appraisal decisions
Decide which product to launch
Analyse competition in a market
Question 3
In Porter's five forces model, what is meant by the term 'substitute'?
A substitute is an alternative product or service that performs the same function for the consumer
A substitute refers to an alternative manufacturing process
A substitute is a rival firm offering the same products
A substitute is something else consumers would rather spend their money on
17 more questions in this paper
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More on the BDM Quiz 2 10 Jul 2022 paper
The IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 10 Jul 2022, in the May 2022 term: 20 questions for 20 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | BDM Quiz 2 10 Jul 2022 at a glance |
|---|---|
| Term | May 2022 term |
| Subject | Business Data Management |
| Course code | BSMS2001 |
| Questions | 20 |
| Marks | 20 |
| Duration | 120 min |
| MCQ | 13 |
| MSQ | 6 |
| Numerical | 1 |
| Official paper | IIT M DIPLOMA QUIZ2 EXAM QPE1 10 July 2022 |
| Negative marking | No negative marking. |
| Updated |