Question 1

Dumping is defined as:

Accepted Answer

A) Shipping hazardous waste to locations in other countries. 
B) An exporter selling below cost abroad. 
C)  Unloading unsold inventory from the United States in other countries. 
D)  Getting rid of unprofitable operations. 
A) Shipping hazardous waste to locations in other countries. 
B) An exporter selling below cost abroad. 
C)  Unloading unsold inventory from the United States in other countries. 
D)  Getting rid of unprofitable operations. B

Question 2

Which of the following is not a legal means of signaling?

Accepted Answer

A) Strategic alliances. 
B) Direct discussion of reduced rivalry with competitors. 
C)  Truce seeking. 
D)  Communication via governments. 
A) Strategic alliances. 
B) Direct discussion of reduced rivalry with competitors. 
C)  Truce seeking. 
D)  Communication via governments. B

Question 3

Antitrust laws were mostly created primarily in response to the realities of domestic competition.​

Accepted Answer

A) True 
 B)False  True

Question 4

A firm's choice of competing/cooperating with rivals depends on industry conditions and the nature of competitive assets.​

Accepted Answer

A) True 
 B)False

Question 5

Multimarket competitors can respond to a firm's action in any of the markets where the firms meet.

Accepted Answer

A) True 
 B)False

Question 6

Which is true of strategy?

Accepted Answer

A) Business strategy has few similarities with military strategy. 
B) Military principles can be completely applied in business. 
C)  Militaries fight over territories, waters, and air spaces, firms compete in markets. 
D)  None of the above. 
A) Business strategy has few similarities with military strategy. 
B) Military principles can be completely applied in business. 
C)  Militaries fight over territories, waters, and air spaces, firms compete in markets. 
D)  None of the above.

Question 7

The main types of attack include:

Accepted Answer

A) Defender. 
B) Dodger. 
C)  Gambit. 
D)  Mutual forbearance. 
A) Defender. 
B) Dodger. 
C)  Gambit. 
D)  Mutual forbearance.

Question 8

Dumping involves selling something below cost. Using what you have learned in accounting or economics (or perhaps by talking to someone familiar with these courses) point out why it might sometimes be difficult to prove that a firm is selling below cost.

Accepted Answer

The issue involves average total cost ve

Question 9

In the interest of maintaining high standards for international trade, the U.S. has at various times attempted to legislate the behavior of U.S. based companies. It has even at times tried to apply U.S. standards to those from other countries. Does this make sense to you?

Accepted Answer

There could be various views on this que

Question 10

A local firm has built a successful business but acknowledges it would be difficult to continue to compete with a large MNE. The MNE makes an offer to buy the local firm's interests, and the local firm accepts the offer. It is following the:

Accepted Answer

A) ​Contender strategy. 
B) ​Extender strategy. 
C)  ​Dodger strategy. 
D)  ​Defender strategy. 
A) ​Contender strategy. 
B) ​Extender strategy. 
C)  ​Dodger strategy. 
D)  ​Defender strategy.

Question 11

Cross-market retaliation:

Accepted Answer

A) Seldom occurs among rivals. 
B) Occurs in markets where rivals have little overlap. 
C)  Is more common in situations with greater market commonality. 
D)  None of the above. 
A) Seldom occurs among rivals. 
B) Occurs in markets where rivals have little overlap. 
C)  Is more common in situations with greater market commonality. 
D)  None of the above.

Question 12

A price leader in a market has a great deal of control of the level of tacit collusion by competitors in the market.

Accepted Answer

A) True 
 B)False

Question 13

Firms with a strong sphere of influence in responding to rival actions are better able to defend their core markets.

Accepted Answer

A) True 
 B)False

Question 14

Predatory pricing is more than just setting prices below cost. To qualify, it must:

Accepted Answer

A) ​Take place in a market with numerous rivals. 
B) ​Be anti-consumer in outcome. 
C)  Be followed by a price increase after rivals are eliminated. 
D)  ​None of the above. 
A) ​Take place in a market with numerous rivals. 
B) ​Be anti-consumer in outcome. 
C)  Be followed by a price increase after rivals are eliminated. 
D)  ​None of the above.

Question 15

Which of the following would not be considered an initial set of actions to gain competitive advantage:

Accepted Answer

A) Price cuts. 
B) Advertising campaigns. 
C)  Market entries. 
D)  Counterattacks. 
A) Price cuts. 
B) Advertising campaigns. 
C)  Market entries. 
D)  Counterattacks.

Question 16

In developing a strategy regarding competition or cooperation, it would be useful to:

Accepted Answer

A) Employ aggressive language, such as "Let's beat all rivals." 
B) Strengthen capabilities that more effectively compete and/or cooperate. 
C)  Engage rivals in a prisoners' dilemma type of context. 
D)  "Look back, reason ahead." 
A) Employ aggressive language, such as "Let's beat all rivals." 
B) Strengthen capabilities that more effectively compete and/or cooperate. 
C)  Engage rivals in a prisoners' dilemma type of context. 
D)  "Look back, reason ahead."

Question 17

In the prisoners' dilemma, the maximum joint payoff comes if both prisoners confess.

Accepted Answer

A) True 
 B)False

Question 18

Slow-moving firms have better organization and more committed employees, which enable them to respond quickly to competitive attacks.

Accepted Answer

A) True 
 B)False

Question 19

A local firm finds it cannot compete head-to-head against a MNE in its market, so it decides the best strategy to use in this situation is the:

Accepted Answer

A) ​Defender strategy. 
B) ​Extender strategy. 
C)  ​Dodger strategy. 
D)  ​Contender strategy. 
A) ​Defender strategy. 
B) ​Extender strategy. 
C)  ​Dodger strategy. 
D)  ​Contender strategy.

Question 20

Local firms' primary strengths lie in a deep understanding of local markets, and thus they would pursue a dodger strategy.

Accepted Answer

A) True 
 B)False

Dumping is defined as:

Which of the following is not a legal means of signaling?

Antitrust laws were mostly created primarily in response to the realities of domestic competition.

A firm's choice of competing/cooperating with rivals depends on industry conditions and the nature of competitive assets.

Multimarket competitors can respond to a firm's action in any of the markets where the firms meet.

Which is true of strategy?

The main types of attack include:

Dumping involves selling something below cost. Using what you have learned in accounting or economics (or perhaps by talking to someone familiar with these courses) point out why it might sometimes be difficult to prove that a firm is selling below cost.

In the interest of maintaining high standards for international trade, the U.S. has at various times attempted to legislate the behavior of U.S. based companies. It has even at times tried to apply U.S. standards to those from other countries. Does this make sense to you?

A local firm has built a successful business but acknowledges it would be difficult to continue to compete with a large MNE. The MNE makes an offer to buy the local firm's interests, and the local firm accepts the offer. It is following the:

Cross-market retaliation:

A price leader in a market has a great deal of control of the level of tacit collusion by competitors in the market.

Firms with a strong sphere of influence in responding to rival actions are better able to defend their core markets.

Predatory pricing is more than just setting prices below cost. To qualify, it must:

Which of the following would not be considered an initial set of actions to gain competitive advantage:

In developing a strategy regarding competition or cooperation, it would be useful to:

In the prisoners' dilemma, the maximum joint payoff comes if both prisoners confess.

Slow-moving firms have better organization and more committed employees, which enable them to respond quickly to competitive attacks.

A local firm finds it cannot compete head-to-head against a MNE in its market, so it decides the best strategy to use in this situation is the:

Local firms' primary strengths lie in a deep understanding of local markets, and thus they would pursue a dodger strategy.

Strategizing Around the Globe

Managing Industry Competition

Leveraging Resources and Capabilities

Emphasizing Institutions, Cultures, and Ethics

Growing and Internationalizingthe Entrepreneurial Firm

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Diversifying, Acquiring, and Restructuring

Strategizing, Structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters

Exam 8: Managing Global Competitive Dynamics

Dumping is defined as:

Which of the following is not a legal means of signaling?

Antitrust laws were mostly created primarily in response to the realities of domestic competition.​

A firm's choice of competing/cooperating with rivals depends on industry conditions and the nature of competitive assets.​

Multimarket competitors can respond to a firm's action in any of the markets where the firms meet.

Which is true of strategy?

The main types of attack include:

Dumping involves selling something below cost. Using what you have learned in accounting or economics (or perhaps by talking to someone familiar with these courses) point out why it might sometimes be difficult to prove that a firm is selling below cost.

In the interest of maintaining high standards for international trade, the U.S. has at various times attempted to legislate the behavior of U.S. based companies. It has even at times tried to apply U.S. standards to those from other countries. Does this make sense to you?

A local firm has built a successful business but acknowledges it would be difficult to continue to compete with a large MNE. The MNE makes an offer to buy the local firm's interests, and the local firm accepts the offer. It is following the:

Cross-market retaliation:

A price leader in a market has a great deal of control of the level of tacit collusion by competitors in the market.

Firms with a strong sphere of influence in responding to rival actions are better able to defend their core markets.

Predatory pricing is more than just setting prices below cost. To qualify, it must:

Which of the following would not be considered an initial set of actions to gain competitive advantage:

In developing a strategy regarding competition or cooperation, it would be useful to:

In the prisoners' dilemma, the maximum joint payoff comes if both prisoners confess.

Slow-moving firms have better organization and more committed employees, which enable them to respond quickly to competitive attacks.

A local firm finds it cannot compete head-to-head against a MNE in its market, so it decides the best strategy to use in this situation is the:

Local firms' primary strengths lie in a deep understanding of local markets, and thus they would pursue a dodger strategy.

Strategizing Around the Globe

Managing Industry Competition

Leveraging Resources and Capabilities

Emphasizing Institutions, Cultures, and Ethics

Growing and Internationalizingthe Entrepreneurial Firm

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Diversifying, Acquiring, and Restructuring

Strategizing, Structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters

Antitrust laws were mostly created primarily in response to the realities of domestic competition.

A firm's choice of competing/cooperating with rivals depends on industry conditions and the nature of competitive assets.