K120-ind-ny - Industry Product Knowledge

39 Questions | Total Attempts: 149

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K120-ind-ny - Industry Product Knowledge - Quiz

Please complete the following self-assessment quiz - This is a closed book quiz so do not refer back to the training materials, manuals and/or other relevant resources to complete the questions.


Questions and Answers
  • 1. 
    Which chapter of an IBISWorld Industry Report can a client view an executive summary and see a visual representation of selected key statistics that are discussed in greater detail throughout the report?
    • A. 

      About this Industry

    • B. 

      Competitive Landscape

    • C. 

      Industry at a Glance

    • D. 

      Industry Performance

  • 2. 
    What section in the "About This Industry" chapter offers a visual representation of the buying and selling linkages, a list of industries producing similar products and the key economic drivers of the industry? 
    • A. 

      Industry Definition

    • B. 

      The Supply Chain

    • C. 

      Main Activities

    • D. 

      Similar Industries

  • 3. 
    How are Key External Drivers assigned their weighted figures? 
    • A. 

      Key External Drivers with a greater influence on the industry receive a higher weight

    • B. 

      Key External Drivers with less of an influence on the industry receive a higher weight

  • 4. 
    Auditors can use the Key External Drivers to determine risks that business managers cannot control and ask their clients how they plan to mitigate such risks. True or False?
    • A. 

      True

    • B. 

      False

  • 5. 
    Which of the following are examples of a Key External Driver? Check all that apply.
    • A. 

      Exchange Rates

    • B. 

      Rent and Utilities Costs

    • C. 

      Wages

    • D. 

      Government Policies

  • 6. 
    The "Current Performance" section of our reports tends to be geared more towards specific client groups and may not be of interest to a wide range of prospects. True or False? 
    • A. 

      True

    • B. 

      False

  • 7. 
    The "Industry Outlook" section of our Industry Reports provides a discussion of anticipated key trends within the industry over how many years into the future?
    • A. 

      1 year

    • B. 

      3 years

    • C. 

      5 years

    • D. 

      10 years

  • 8. 
    Which is a typical question that a client might have that can be answered in the "Industry Outlook" section? Check all that apply. (Tip: There are three correct answers)
    • A. 

      Why has the industry performed the way it has over the past 5 years?

    • B. 

      What will be the key trends affecting performance and why?

    • C. 

      What opportunities or threats will affect operators?

    • D. 

      How is the industry expected to perform over the next 5 years?

  • 9. 
    Which section of our Industry Reports can a client read to understand the size of each product/service within the industry? 
    • A. 

      Major Markets

    • B. 

      Supply Chain

    • C. 

      Demand Determinants

    • D. 

      Products and Services

  • 10. 
    The International Trade section of IBISWorld’s Industry Reports assists clients in determining which countries have a comparative advantage in producing a good or service and how that affects the domestic market. True or False? 
    • A. 

      True

    • B. 

      False

  • 11. 
    Where can a client look in a report to answer the following questions they might have? 
    • “Who buys this industry’s products?”
    • “How have these markets changed over the past five years?”
    • “How have these changes affected industry performance?”
     
    • A. 

      Major Markets

    • B. 

      Products and Services

    • C. 

      Business Locations

    • D. 

      Supply Chain

  • 12. 
    The higher the level of globalisation and trade in an industry, the more power an individual local firm might have. True or False?
    • A. 

      True

    • B. 

      False

  • 13. 
    The Competitive Landscape chapter of our Industry Reports analyzes the external environment in which the industry is operating. True or False?
    • A. 

      True

    • B. 

      False

  • 14. 
    Which section of an Industry Report can answer the following questions a client might have about a particular industry?·         What factors prevent new companies from entering the industry?·         How difficult will it be to establish a business? 
    • A. 

      Key Success Factors

    • B. 

      Barriers to Entry

    • C. 

      Market Share Concentration

    • D. 

      Cost Structure Benchmarks

  • 15. 
    Which section of a report can BDMs direct a prospect to if their client wishes to gain insight into which factors give companies a competitive advantage in the industry and what strategies they can pursue to increase their sales? 
    • A. 

      Barriers to Entry

    • B. 

      Key Success Factors

    • C. 

      Market Share Concentration

    • D. 

      Basis of Competition

  • 16. 
    Which of the following are examples of a typical barrier to entry? Mark all that apply. (Tip: there are four correct answers)
    • A. 

      Entry Costs

    • B. 

      Skills Shortage

    • C. 

      Plentiful Inputs

    • D. 

      Intellectual Property

    • E. 

      Economies of Scale

    • F. 

      Strict Regulations

  • 17. 
    In the "Cost Structure Benchmarks" section of our reports, profit is calculated using EBIT, in which taxes and interest are excluded from the analysis. True or False?
    • A. 

      True

    • B. 

      False

  • 18. 
    Typically, the greater the level of competition, the harder it is for new firms to enter the industry. True or False?
    • A. 

      True

    • B. 

      False

  • 19. 
    The classic definition that we use to define a major player is a business that operates primarily in an industry and generates over 5% of the industry revenue. True or False?
    • A. 

      True

    • B. 

      False

  • 20. 
    When a company grows faster than an industry, its market share decreases. True or False?
    • A. 

      True

    • B. 

      False

  • 21. 
    Typically, which of the following questions can a client have answered by using the “Major Companies” chapter of the report? (Tip: There are three questions)
    • A. 

      Which companies have the most substantial influence on this industry?

    • B. 

      What is the number of enterprises in the industry?

    • C. 

      How have the operations of leading players in the industry fared in the past few years?

    • D. 

      Which strategies allow the top companies in the industry to be more successful?

  • 22. 
    Typically, industries with a low level of capital intensity are more likely to seek bank capital and upfront investment capital to begin production. True or False?
    • A. 

      True

    • B. 

      False

  • 23. 
    Industries with low capital intensity rely more on labor. True or False?
    • A. 

      True

    • B. 

      False

  • 24. 
    Volatility refers to the year-on-year fluctuations in an industry's revenue, and not the total change in revenue over a given period of time. True or False?
    • A. 

      True

    • B. 

      False

  • 25. 
    Which level of revenue volatility indicates a higher level of industry risk?
    • A. 

      Low

    • B. 

      Medium

    • C. 

      High

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