A) meeting or exceeding customer expectations in the goods and/or services offered. B) only a major factor in the production of luxury goods, such as BMW cars. C) an assured way to gain competitive advantage. D) a viable trade-off with product cost in gaining a competitive advantage. A) meeting or exceeding customer expectations in the goods and/or services offered. B) only a major factor in the production of luxury goods, such as BMW cars. C) an assured way to gain competitive advantage. D) a viable trade-off with product cost in gaining a competitive advantage.

Exam 5: Competitive Rivalry and Competitive Dynamics

Bayou Belle Water sells water drawn only from a single artesian well in southern Louisiana.It has a loyal following in its region.Because Bayou Belle markets the water, just as Coca-Cola, Nestle, and PepsiCo do, Bayou Belle has high resource similarity with these international firms.

(True/False)

4.7/5

(41)

Question 61

What is market commonality? What is resource similarity? How are these concepts combined to identify the level of competition between two firms?

(Essay)

4.9/5

(33)

Question 62

When two firms' tangible and intangible resources compare favorably in terms of both type and amount, they are said to have resource similarity.

(True/False)

5.0/5

(36)

Question 63

Firms are likely to imitate the actions of a competitor that is noted for risky, complex, and unpredictable behavior because this is a way to imitate unobservable core competencies.

(True/False)

4.8/5

(45)

Question 64

Hilliard Pharmaceuticals and Ahrens Vitamins, Inc., have high market commonality, both geographically and in the market segments in which they compete.Hilliard, the number two firm in the industry, has undertaken a major strategic attack upon Ahrens, the market leader.Which of the following statements is MOST likely to be true?

(Multiple Choice)

4.8/5

(43)

Question 65

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

(True/False)

4.9/5

(41)

Question 66

A tactical competitive action involves a significant commitment of specific and distinctive organizational resources.

(True/False)

4.7/5

(37)

Question 67

Even if the effects of a competitor's strategic action on the focal firm are significant (e.g., loss of market share), little response is likely from that firm.

(True/False)

4.7/5

(42)

Question 68

Quality is:

(Multiple Choice)

4.9/5

(34)

Question 69

Which of the following is true of a firm that has high market dependence?

(Multiple Choice)

4.9/5

(32)

Question 70

Intensified rivalry within an industry results in:

(Multiple Choice)

4.7/5

(43)

Question 71

Quality begins in marketing an organization where employees must create a perceived value of quality.

(True/False)

4.9/5

(39)

Question 72

Define awareness, motivation, and ability in reference to competitive behavior.

(Essay)

4.7/5

(34)

Question 73

Disney is an example of a firm in a slow-cycle market because its animated characters are shielded from imitation by copyrights and trademarks.

(True/False)

4.8/5

(34)

Question 74

Companies in fast-cycle markets need to profit quickly from an innovative product for all of the following reasons EXCEPT:

(Multiple Choice)

4.8/5

(36)

Question 75

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

(Multiple Choice)

4.7/5

(41)

Question 76

Two firms, such as Fed Ex and UPS, that have similar resources and common markets would be direct and mutually acknowledged competitors.

(True/False)

5.0/5

(40)

Question 77

__________ markets are often described as volatile and innovative.

(Multiple Choice)

4.8/5

(36)

Question 78

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

(True/False)

4.9/5

(39)

Question 79

Reverse engineering is characteristic of:

(Multiple Choice)

4.8/5

(36)

Question 80

Showing 61 - 80 of 106

Bayou Belle Water sells water drawn only from a single artesian well in southern Louisiana.It has a loyal following in its region.Because Bayou Belle markets the water, just as Coca-Cola, Nestle, and PepsiCo do, Bayou Belle has high resource similarity with these international firms.

What is market commonality? What is resource similarity? How are these concepts combined to identify the level of competition between two firms?

When two firms' tangible and intangible resources compare favorably in terms of both type and amount, they are said to have resource similarity.

Firms are likely to imitate the actions of a competitor that is noted for risky, complex, and unpredictable behavior because this is a way to imitate unobservable core competencies.

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

A tactical competitive action involves a significant commitment of specific and distinctive organizational resources.

Even if the effects of a competitor's strategic action on the focal firm are significant (e.g., loss of market share), little response is likely from that firm.

Quality is:

Which of the following is true of a firm that has high market dependence?

Intensified rivalry within an industry results in:

Quality begins in marketing an organization where employees must create a perceived value of quality.

Define awareness, motivation, and ability in reference to competitive behavior.

Disney is an example of a firm in a slow-cycle market because its animated characters are shielded from imitation by copyrights and trademarks.

Companies in fast-cycle markets need to profit quickly from an innovative product for all of the following reasons EXCEPT:

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

Two firms, such as Fed Ex and UPS, that have similar resources and common markets would be direct and mutually acknowledged competitors.

__________ markets are often described as volatile and innovative.

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

Reverse engineering is characteristic of:

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

Bayou Belle Water sells water drawn only from a single artesian well in southern Louisiana.It has a loyal following in its region.Because Bayou Belle markets the water, just as Coca-Cola, Nestle, and PepsiCo do, Bayou Belle has high resource similarity with these international firms.

What is market commonality? What is resource similarity? How are these concepts combined to identify the level of competition between two firms?

When two firms' tangible and intangible resources compare favorably in terms of both type and amount, they are said to have resource similarity.

Firms are likely to imitate the actions of a competitor that is noted for risky, complex, and unpredictable behavior because this is a way to imitate unobservable core competencies.

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

A tactical competitive action involves a significant commitment of specific and distinctive organizational resources.

Even if the effects of a competitor's strategic action on the focal firm are significant (e.g., loss of market share), little response is likely from that firm.

Quality is:

Which of the following is true of a firm that has high market dependence?

Intensified rivalry within an industry results in:

Quality begins in marketing an organization where employees must create a perceived value of quality.

Define awareness, motivation, and ability in reference to competitive behavior.

Disney is an example of a firm in a slow-cycle market because its animated characters are shielded from imitation by copyrights and trademarks.

Companies in fast-cycle markets need to profit quickly from an innovative product for all of the following reasons EXCEPT:

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

Two firms, such as Fed Ex and UPS, that have similar resources and common markets would be direct and mutually acknowledged competitors.

__________ markets are often described as volatile and innovative.

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

Reverse engineering is characteristic of:

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

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