Exam 5: Competitive Rivalry and Competitive Dynamics

Because Coca-Cola, Nestlé, and PepsiCo all sell a product (bottled water) that is essentially the same and all three giant companies are engaged in battles for market share using incremental changes in their products and seeking loyalty to brand names, it is MOST likely that the bottled water market is a(n):

(Multiple Choice)

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Question 21

Research suggests that a firm with greater multimarket contact is less likely to initiate an attack, but more likely to respond aggressively when attacked.

(True/False)

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Question 22

Both and affect the awareness and motivation of a firm to undertake actions and responses.

(Multiple Choice)

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Question 23

An organization's loyalty to its own product would be a competitive disadvantage in a(n) __________ market.

(Multiple Choice)

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Question 24

Competitors are more likely to respond to strategic or tactical actions when they are taken by:

(Multiple Choice)

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Question 25

Goods or services in standard-cycle markets reflect:

(Multiple Choice)

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Question 26

Large firms with significant slack resources (i.e., are able to launch a greater number of competitive actions) but that remain flexible and act like small firms (i.e., are able to launch a variety of actions) will be more successful against rivals.

(True/False)

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Question 27

Sustained competitive advantage is most achievable in a __________ market.

(Multiple Choice)

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Question 28

In general, strategic actions elicit fewer total competitive responses than do tactical actions.

(True/False)

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Question 29

Patent laws and regulatory requirements in the United States requiring FDA (Food and Drug Administration) approval to launch new products shield pharmaceutical companies' positions.

(True/False)

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Question 30

Multimarket competition occurs when firms:

(Multiple Choice)

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Question 31

Which of the following is an example of a strategic action?

(Multiple Choice)

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Question 32

Firms with high market commonality and highly similar resources are direct and mutually acknowledged competitors.

(True/False)

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Question 33

A company in a __________ industry is LEAST likely to make heavy use of patents and copyrights.

(Multiple Choice)

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Question 34

Define competitive actions and responses and explain the two types of competitive actions and responses.

(Essay)

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Question 35

Late movers are those firms that:

(Multiple Choice)

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Question 36

Product quality dimensions in which customers commonly express an interest include performance, features, conformance, and aesthetics.

(True/False)

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Question 37

Which of the following steps, if taken by Walmart, would be characterized as a strategic rather than tactical action?

(Multiple Choice)

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Question 38

Firms that are typically late movers usually have little organizational slack.

(True/False)

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Question 39

and describe the situation in which organizations are direct competitors and are fully aware of the competition.

(Multiple Choice)

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Question 40

Showing 21 - 40 of 106

Research suggests that a firm with greater multimarket contact is less likely to initiate an attack, but more likely to respond aggressively when attacked.

Both and affect the awareness and motivation of a firm to undertake actions and responses.

An organization's loyalty to its own product would be a competitive disadvantage in a(n) __________ market.

Competitors are more likely to respond to strategic or tactical actions when they are taken by:

Goods or services in standard-cycle markets reflect:

Large firms with significant slack resources (i.e., are able to launch a greater number of competitive actions) but that remain flexible and act like small firms (i.e., are able to launch a variety of actions) will be more successful against rivals.

Sustained competitive advantage is most achievable in a __________ market.

In general, strategic actions elicit fewer total competitive responses than do tactical actions.

Patent laws and regulatory requirements in the United States requiring FDA (Food and Drug Administration) approval to launch new products shield pharmaceutical companies' positions.

Multimarket competition occurs when firms:

Which of the following is an example of a strategic action?

Firms with high market commonality and highly similar resources are direct and mutually acknowledged competitors.

A company in a __________ industry is LEAST likely to make heavy use of patents and copyrights.

Define competitive actions and responses and explain the two types of competitive actions and responses.

Late movers are those firms that:

Product quality dimensions in which customers commonly express an interest include performance, features, conformance, and aesthetics.

Which of the following steps, if taken by Walmart, would be characterized as a strategic rather than tactical action?

Firms that are typically late movers usually have little organizational slack.

and describe the situation in which organizations are direct competitors and are fully aware of the competition.

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters

Exam 5: Competitive Rivalry and Competitive Dynamics

Research suggests that a firm with greater multimarket contact is less likely to initiate an attack, but more likely to respond aggressively when attacked.

Both __________ and __________ affect the awareness and motivation of a firm to undertake actions and responses.

An organization's loyalty to its own product would be a competitive disadvantage in a(n) __________ market.

Competitors are more likely to respond to strategic or tactical actions when they are taken by:

Goods or services in standard-cycle markets reflect:

Large firms with significant slack resources (i.e., are able to launch a greater number of competitive actions) but that remain flexible and act like small firms (i.e., are able to launch a variety of actions) will be more successful against rivals.

Sustained competitive advantage is most achievable in a __________ market.

In general, strategic actions elicit fewer total competitive responses than do tactical actions.

Patent laws and regulatory requirements in the United States requiring FDA (Food and Drug Administration) approval to launch new products shield pharmaceutical companies' positions.

Multimarket competition occurs when firms:

Which of the following is an example of a strategic action?

Firms with high market commonality and highly similar resources are direct and mutually acknowledged competitors.

A company in a __________ industry is LEAST likely to make heavy use of patents and copyrights.

Define competitive actions and responses and explain the two types of competitive actions and responses.

Late movers are those firms that:

Product quality dimensions in which customers commonly express an interest include performance, features, conformance, and aesthetics.

Which of the following steps, if taken by Walmart, would be characterized as a strategic rather than tactical action?

Firms that are typically late movers usually have little organizational slack.

__________ and __________ describe the situation in which organizations are direct competitors and are fully aware of the competition.

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters

Both and affect the awareness and motivation of a firm to undertake actions and responses.

and describe the situation in which organizations are direct competitors and are fully aware of the competition.