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Vendor: IIA
Exam Code: IIA-CIA-PART3
Exam Name: CIA Part 3 - Business Knowledge for Internal Auditing
Certification: Certified Internal
Total Questions: 1052 Q&A
Updated on: Nov 19, 2024
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A firm in a fragmented industry must position itself by adopting a competitive strategy appropriate to the industry. 1hich of the following is most clearly a focus strategy?
A. Specialization by product type.
B. Backward integration.
C. An emphasis on low overhead and low payroll.
D. Development of formula facilities.
A lack of cohesiveness and attractiveness in a group may lead to
A. A lack of commitment by the members.
B. Dissension in the formal organization.
C. Cooperation among group members.
D. Substantial group member interaction.
A firm may decide to enter a new business by creating a new entity. After undertaking a structural analysis, the internal entrant chooses an appropriate target industry. The most likely target is an industry in which the entrant:
A. Will have to develop its own distribution network.
B. Can raise mobility barriers after entry.
C. Will not have to compete with a dominant firm that seeks to protect the industry.
D. Calculates that the costs of retaliation to existing firms are less than the benefits.
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