Question 1

The "strategy as action" perspective highlights the power of creative destruction.

Accepted Answer

A) True 
 B)False

Question 2

Rivals within strategic alliances can legally reduce cost through price fixing.

Accepted Answer

A) True 
 B)False

Question 3

The three drivers of counterattacks do not include:

Accepted Answer

A) Awareness. 
B) Vengeance. 
C)  Capability. 
D)  Motivation. 
A) Awareness. 
B) Vengeance. 
C)  Capability. 
D)  Motivation.

Question 4

Complexity and unpredictability are not helpful in dealing with firms' attacks and counterattacks.

Accepted Answer

A) True 
 B)False

Question 5

If the attacked market is of marginal value, managers may decide not to counterattack.

Accepted Answer

A) True 
 B)False

Question 6

A firm's attack on a focal arena important to a competitor, but not the attacker's true target area, is referred to as:

Accepted Answer

A) Thrust. 
B) Feint. 
C)  Gambit. 
D)  Miscalculation. 
A) Thrust. 
B) Feint. 
C)  Gambit. 
D)  Miscalculation.

Question 7

Strategy involves planning for actions rather than reactions or interaction.

Accepted Answer

A) True 
 B)False

Question 8

The capability to attack in multiple markets throws the firm off balance leaving it vulnerable to rivals and thus reducing value.

Accepted Answer

A) True 
 B)False

Question 9

Multimarket competition occurs when firms engage the same rivals in multiple markets.

Accepted Answer

A) True 
 B)False

Question 10

An extender strategy may be appropriate in some industries where pressures for globalization are relatively low.

Accepted Answer

A) True 
 B)False

Question 11

Cartels:

Accepted Answer

A) Involve collusion. 
B) Are seldom outlawed. 
C)  Are common across all industries. 
D)  Bypass the "prisoners' dilemma" for participants. 
A) Involve collusion. 
B) Are seldom outlawed. 
C)  Are common across all industries. 
D)  Bypass the "prisoners' dilemma" for participants.

Question 12

A firm's ability to attack in multiple markets is a(n):

Accepted Answer

A) ​Industry-based consideration. 
B) ​Resource-based consideration. 
C)  ​Institution-based consideration. 
D)  ​Sign of collusion. 
A) ​Industry-based consideration. 
B) ​Resource-based consideration. 
C)  ​Institution-based consideration. 
D)  ​Sign of collusion.

Question 13

Critics of U.S. policy on dumping at least agree that our policy on predatory pricing is consistent both domestically and internationally.

Accepted Answer

A) True 
 B)False

Question 14

The effects of action and response on competitive interaction are what is needed for competitive advantage and performance.

Accepted Answer

A) True 
 B)False

Question 15

Firm A produces soccer equipment and softball/baseball equipment, as does Firm B. Firm A discontinued its softball/baseball line to focus entirely on its soccer line. This move is known as a:

Accepted Answer

A) ​Feint. 
B) ​Gambit. 
C)  ​Thrust. 
D)  ​Collusion. 
A) ​Feint. 
B) ​Gambit. 
C)  ​Thrust. 
D)  ​Collusion.

Question 16

Firm A may be more successful in imitating Firm B if Firm B:

Accepted Answer

A) Is not competitively aggressive. 
B) Carries out complex actions. 
C)  Uses difficult to execute maneuvers. 
D)  All of the above. 
A) Is not competitively aggressive. 
B) Carries out complex actions. 
C)  Uses difficult to execute maneuvers. 
D)  All of the above.

Question 17

Describe the four responses given in the text for ways in which small local firms respond to MNE attacks in a given market.​

Accepted Answer

​Local firms can adopt one of four strat

Question 18

The goal of competition policies and antitrust policies is to:

Accepted Answer

A) ​Prevent domestic firms from gaining market share against foreign firms. 
B) ​Prevent foreign firms from gaining market share against domestic firms. 
C)  ​Allow most favorable status to domestic firms. 
D)  ​Balance efficiency and fairness. 
A) ​Prevent domestic firms from gaining market share against foreign firms. 
B) ​Prevent foreign firms from gaining market share against domestic firms. 
C)  ​Allow most favorable status to domestic firms. 
D)  ​Balance efficiency and fairness.

Question 19

In general, stronger, pro-consumer antitrust laws result in greater competitive forces and lower prices in that country.

Accepted Answer

A) True 
 B)False

Question 20

The resource similarity of two firms:

Accepted Answer

A) Indicates how likely they are to have similar competitive actions. 
B) ​Means that the firms will eventually end of colluding. 
C)  ​Is unimportant if the firms have little market commonality. 
D)  ​All of the above. 
A) Indicates how likely they are to have similar competitive actions. 
B) ​Means that the firms will eventually end of colluding. 
C)  ​Is unimportant if the firms have little market commonality. 
D)  ​All of the above.

The "strategy as action" perspective highlights the power of creative destruction.

Rivals within strategic alliances can legally reduce cost through price fixing.

The three drivers of counterattacks do not include:

Complexity and unpredictability are not helpful in dealing with firms' attacks and counterattacks.

If the attacked market is of marginal value, managers may decide not to counterattack.

A firm's attack on a focal arena important to a competitor, but not the attacker's true target area, is referred to as:

Strategy involves planning for actions rather than reactions or interaction.

The capability to attack in multiple markets throws the firm off balance leaving it vulnerable to rivals and thus reducing value.

Multimarket competition occurs when firms engage the same rivals in multiple markets.

An extender strategy may be appropriate in some industries where pressures for globalization are relatively low.

Cartels:

A firm's ability to attack in multiple markets is a(n):

Critics of U.S. policy on dumping at least agree that our policy on predatory pricing is consistent both domestically and internationally.

The effects of action and response on competitive interaction are what is needed for competitive advantage and performance.

Firm A produces soccer equipment and softball/baseball equipment, as does Firm B. Firm A discontinued its softball/baseball line to focus entirely on its soccer line. This move is known as a:

Firm A may be more successful in imitating Firm B if Firm B:

Describe the four responses given in the text for ways in which small local firms respond to MNE attacks in a given market.

The goal of competition policies and antitrust policies is to:

In general, stronger, pro-consumer antitrust laws result in greater competitive forces and lower prices in that country.

The resource similarity of two firms:

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

The "strategy as action" perspective highlights the power of creative destruction.

Rivals within strategic alliances can legally reduce cost through price fixing.

The three drivers of counterattacks do not include:

Complexity and unpredictability are not helpful in dealing with firms' attacks and counterattacks.

If the attacked market is of marginal value, managers may decide not to counterattack.

A firm's attack on a focal arena important to a competitor, but not the attacker's true target area, is referred to as:

Strategy involves planning for actions rather than reactions or interaction.

The capability to attack in multiple markets throws the firm off balance leaving it vulnerable to rivals and thus reducing value.

Multimarket competition occurs when firms engage the same rivals in multiple markets.

An extender strategy may be appropriate in some industries where pressures for globalization are relatively low.

Cartels:

A firm's ability to attack in multiple markets is a(n):

Critics of U.S. policy on dumping at least agree that our policy on predatory pricing is consistent both domestically and internationally.

The effects of action and response on competitive interaction are what is needed for competitive advantage and performance.

Firm A produces soccer equipment and softball/baseball equipment, as does Firm B. Firm A discontinued its softball/baseball line to focus entirely on its soccer line. This move is known as a:

Firm A may be more successful in imitating Firm B if Firm B:

Describe the four responses given in the text for ways in which small local firms respond to MNE attacks in a given market.​

The goal of competition policies and antitrust policies is to:

In general, stronger, pro-consumer antitrust laws result in greater competitive forces and lower prices in that country.

The resource similarity of two firms:

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

Describe the four responses given in the text for ways in which small local firms respond to MNE attacks in a given market.