Question 1

To reduce competitive intensity, firms can send an open signal for a truce.

Accepted Answer

A) True 
 B)False

Question 2

The extraterritoriality aspects of U.S. competition/antitrust policy have:

Accepted Answer

A) Been primarily directed at the EU. 
B) Generally become more permissive since the 1980s. 
C)  Significantly curtailed strategic alliances since the 1980s. 
D)  Benefited U.S. firms much more than foreign firms. 
A) Been primarily directed at the EU. 
B) Generally become more permissive since the 1980s. 
C)  Significantly curtailed strategic alliances since the 1980s. 
D)  Benefited U.S. firms much more than foreign firms.

Question 3

Which of the following will enable a firm to be competitive even if there is a lack of top management commitment and employee involvement?

Accepted Answer

A) Organizational structure. 
B) Use of stealth attacks. 
C)  Rapid responses, and willingness to answer challenges. 
D)  None of the above. 
A) Organizational structure. 
B) Use of stealth attacks. 
C)  Rapid responses, and willingness to answer challenges. 
D)  None of the above.

Question 4

Can national policies that seek to promote the well-being of its citizens by its attempts to maintain competition actually have the opposite effect? Why or why not?

Accepted Answer

People will likely take different sides

Question 5

According to game theory, two competitors who have agreed to cooperate no longer have incentive to cheat.

Accepted Answer

A) True 
 B)False

Question 6

Which is NOT true concerning US anti trust policy today?

Accepted Answer

A) Legislation has legally permitted rivals to join hands in research and development (R&
D) . 
B) There is increased permissiveness regarding mergers among rivals. 
C)  Clarity of policy has improved. 
D)  The legal standards for interfirm cooperation are no longer ambiguous in the United States. 
A) Legislation has legally permitted rivals to join hands in research and development (R&
D) . 
B) There is increased permissiveness regarding mergers among rivals. 
C)  Clarity of policy has improved. 
D)  The legal standards for interfirm cooperation are no longer ambiguous in the United States.

Question 7

Collusion survives because it does not have an incentive problem as is illustrated by the prisoner's dilemma.

Accepted Answer

A) True 
 B)False

Question 8

A defender strategy is best employed in which of the following situations?

Accepted Answer

A) When local firms' understanding of the market is greater than the MNE's knowledge of it. 
B) When the pressure to globalize is high. 
C)  When a local firm prefers to cooperate through a joint venture. 
D)  When the goal is rapid learning and then global expansion. 
A) When local firms' understanding of the market is greater than the MNE's knowledge of it. 
B) When the pressure to globalize is high. 
C)  When a local firm prefers to cooperate through a joint venture. 
D)  When the goal is rapid learning and then global expansion.

Question 9

A comprehensive model of global competitive dynamics involves:

Accepted Answer

A) ​Resource-based considerations. 
B) ​Institution-based considerations. 
C)  ​Industry-based considerations. 
D)  ​All of the above. 
A) ​Resource-based considerations. 
B) ​Institution-based considerations. 
C)  ​Industry-based considerations. 
D)  ​All of the above.

Question 10

Bargaining can take place through signals and actions.

Accepted Answer

A) True 
 B)False

Question 11

All countries treat incumbents who fix prices and raise entry barriers to new entrants as engaging in antitrust actions.

Accepted Answer

A) True 
 B)False

Question 12

Under antitrust law, a company can be in trouble for setting prices too high but not for setting them too low.

Accepted Answer

A) True 
 B)False

Question 13

Understanding the framework for competitor analysis between a pair of rivals can help managers allocate resources in proportion to the degree of threat from each rival.

Accepted Answer

A) True 
 B)False

Question 14

In some industries where pressures for globalization are relatively low, local firms may possess some skills and assets that are transferable overseas, thus leading to a(n) _____ strategy.

Accepted Answer

A) Defender 
B) Extender 
C)  Dodger 
D)  Contender 
A) Defender 
B) Extender 
C)  Dodger 
D)  Contender

Question 15

Thrust makes use of military theory that the attacker needs to overcome a well-defended position through a conventional frontal assault.

Accepted Answer

A) True 
 B)False

Question 16

In some of the discussions of strategy. It was suggested that a firm might attempt to mislead a rival as to the firm's true objective (i.e., feint). Is that unethical? Explain.

Accepted Answer

There is no right or wrong answer to the

Question 17

U.S. courts have not sought to unilaterally punish non-U.S. cartels (if they are legal elsewhere) simply because they may have a substantial adverse impact on U.S. markets.

Accepted Answer

A) True 
 B)False

Question 18

In light of the four questions (Why do firms differ? How do firms behave? What determines the scope of the firm? What determines the success and failure of firms around the globe?), how would you use them to understand and formulate a strategy?

Accepted Answer

In terms of the four fundamental questio

Question 19

How do resource similarity and market similarity interact to influence the actions of rival firms, and why is awareness of resource similarities important?

Accepted Answer

​Resource similarity is defined as "the

Question 20

A mechanical approach to determining whether antitrust activities are taking place:

Accepted Answer

A) ​Has been abandoned. 
B) ​Is widely used in all developed economies. 
C)  ​Is used in emerging economies but not in developed ones. 
D)  ​Provide a detailed assessment of collusion. 
A) ​Has been abandoned. 
B) ​Is widely used in all developed economies. 
C)  ​Is used in emerging economies but not in developed ones. 
D)  ​Provide a detailed assessment of collusion.

To reduce competitive intensity, firms can send an open signal for a truce.

The extraterritoriality aspects of U.S. competition/antitrust policy have:

Which of the following will enable a firm to be competitive even if there is a lack of top management commitment and employee involvement?

Can national policies that seek to promote the well-being of its citizens by its attempts to maintain competition actually have the opposite effect? Why or why not?

According to game theory, two competitors who have agreed to cooperate no longer have incentive to cheat.

Which is NOT true concerning US anti trust policy today?

Collusion survives because it does not have an incentive problem as is illustrated by the prisoner's dilemma.

A defender strategy is best employed in which of the following situations?

A comprehensive model of global competitive dynamics involves:

Bargaining can take place through signals and actions.

All countries treat incumbents who fix prices and raise entry barriers to new entrants as engaging in antitrust actions.

Under antitrust law, a company can be in trouble for setting prices too high but not for setting them too low.

Understanding the framework for competitor analysis between a pair of rivals can help managers allocate resources in proportion to the degree of threat from each rival.

In some industries where pressures for globalization are relatively low, local firms may possess some skills and assets that are transferable overseas, thus leading to a(n) _____ strategy.

Thrust makes use of military theory that the attacker needs to overcome a well-defended position through a conventional frontal assault.

In some of the discussions of strategy. It was suggested that a firm might attempt to mislead a rival as to the firm's true objective (i.e., feint). Is that unethical? Explain.

U.S. courts have not sought to unilaterally punish non-U.S. cartels (if they are legal elsewhere) simply because they may have a substantial adverse impact on U.S. markets.

In light of the four questions (Why do firms differ? How do firms behave? What determines the scope of the firm? What determines the success and failure of firms around the globe?), how would you use them to understand and formulate a strategy?

How do resource similarity and market similarity interact to influence the actions of rival firms, and why is awareness of resource similarities important?

A mechanical approach to determining whether antitrust activities are taking place:

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

To reduce competitive intensity, firms can send an open signal for a truce.

The extraterritoriality aspects of U.S. competition/antitrust policy have:

Which of the following will enable a firm to be competitive even if there is a lack of top management commitment and employee involvement?

Can national policies that seek to promote the well-being of its citizens by its attempts to maintain competition actually have the opposite effect? Why or why not?

According to game theory, two competitors who have agreed to cooperate no longer have incentive to cheat.

Which is NOT true concerning US anti trust policy today?

Collusion survives because it does not have an incentive problem as is illustrated by the prisoner's dilemma.

A defender strategy is best employed in which of the following situations?

A comprehensive model of global competitive dynamics involves:

Bargaining can take place through signals and actions.

All countries treat incumbents who fix prices and raise entry barriers to new entrants as engaging in antitrust actions.

Under antitrust law, a company can be in trouble for setting prices too high but not for setting them too low.

Understanding the framework for competitor analysis between a pair of rivals can help managers allocate resources in proportion to the degree of threat from each rival.

In some industries where pressures for globalization are relatively low, local firms may possess some skills and assets that are transferable overseas, thus leading to a(n) _____ strategy.

Thrust makes use of military theory that the attacker needs to overcome a well-defended position through a conventional frontal assault.

In some of the discussions of strategy. It was suggested that a firm might attempt to mislead a rival as to the firm's true objective (i.e., feint). Is that unethical? Explain.

U.S. courts have not sought to unilaterally punish non-U.S. cartels (if they are legal elsewhere) simply because they may have a substantial adverse impact on U.S. markets.

In light of the four questions (Why do firms differ? How do firms behave? What determines the scope of the firm? What determines the success and failure of firms around the globe?), how would you use them to understand and formulate a strategy?

How do resource similarity and market similarity interact to influence the actions of rival firms, and why is awareness of resource similarities important?

A mechanical approach to determining whether antitrust activities are taking place:

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