K120-ind-ny - Industry Product Knowledge
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.
- 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
Questions: 12 | Attempts: 15561 | Last updated: Mar 22, 2022
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