Question 1

Quality alone can assure a firm that it will achieve strategic competitiveness or earn above-average returns.

Accepted Answer

A) True 
 B)False  False

Question 2

Two companies that share markets,but who have little similarity in their resources are ____.

Accepted Answer

A)  direct,mutually-acknowledged competitors 
B)  neither direct nor mutually-acknowledged competitors 
C)  competitors who are probably not engaged in intense rivalry 
D)  competitors who have reached mutually-sustainable competitive advantage 
A)  direct,mutually-acknowledged competitors 
B)  neither direct nor mutually-acknowledged competitors 
C)  competitors who are probably not engaged in intense rivalry 
D)  competitors who have reached mutually-sustainable competitive advantage C

Question 3

It is much easier for a competitor to implement strategic actions than tactical actions.

Accepted Answer

A) True 
 B)False  False

Question 4

Firms are mutually independent only when two or more firms jockey with one another in their pursuit of market position.

Accepted Answer

A) True 
 B)False

Question 5

The relationship of Burger King and McDonald's provides an example of multimarket competition where market commonality exists.

Accepted Answer

A) True 
 B)False

Question 6

Reverse engineering is characteristic of ____.

Accepted Answer

A)  first movers. 
B)  fast-cycle markets. 
C)  total quality management. 
D)  cost-leadership strategies. 
A)  first movers. 
B)  fast-cycle markets. 
C)  total quality management. 
D)  cost-leadership strategies.

Question 7

In competitive dynamics,actions taken by one firm seldom elicit responses from competitors.

Accepted Answer

A) True 
 B)False

Question 8

Unlike fast-cycle markets,the struggle for market share in standard-cycle markets is not intense.

Accepted Answer

A) True 
 B)False

Question 9

Which firm's competitive actions are most likely to elicit response and imitation?

Accepted Answer

A)  Firms that have a history as a strategic player that takes risky actions 
B)  Firms that have a history of complex and unpredictable actions 
C)  Firms that are price predators 
D)  Firms that are market leaders 
A)  Firms that have a history as a strategic player that takes risky actions 
B)  Firms that have a history of complex and unpredictable actions 
C)  Firms that are price predators 
D)  Firms that are market leaders

Question 10

The larger the resource imbalance between the firm taking the competitive action and the other firms in the industry,the ____ of these other firms.

Accepted Answer

A)  more fragmented the response will be 
B)  the slower the response will be 
C)  the larger the response will be 
D)  more tactical the response will be 
A)  more fragmented the response will be 
B)  the slower the response will be 
C)  the larger the response will be 
D)  more tactical the response will be

Question 11

What is resource similarity?

Accepted Answer

Resource similarity is the extent to whi

Question 12

Firms with few competitive resources are more likely to:

Accepted Answer

A)  refuse to respond to competitive actions. 
B)  respond to all competitive actions. 
C)  respond to tactical actions. 
D)  respond to strategic actions. 
A)  refuse to respond to competitive actions. 
B)  respond to all competitive actions. 
C)  respond to tactical actions. 
D)  respond to strategic actions.

Question 13

Walt Disney's focus on ____ is typical of a slow-cycle market.

Accepted Answer

A)  innovation 
B)  total quality 
C)  proprietary rights 
D)  economies of scale 
A)  innovation 
B)  total quality 
C)  proprietary rights 
D)  economies of scale

Question 14

Intensified rivalry within an industry results in decreased average profitability for the firms within it.

Accepted Answer

A) True 
 B)False

Question 15

What is market commonality?

Accepted Answer

In general,competitors agree about the d

Question 16

Quality is ____ strategic competitiveness.

Accepted Answer

A)  necessary for 
B)  negatively related to 
C)  sufficient for 
D)  not associated with 
A)  necessary for 
B)  negatively related to 
C)  sufficient for 
D)  not associated with

Question 17

Large firms with significant market power who act like small firms (making strategic decisions and implementing them with speed) and are innovative are typically strong competitors and are likely to earn above-average returns.

Accepted Answer

A) True 
 B)False

Question 18

Goods or services in slow-cycle markets reflect:

Accepted Answer

A)  organizations that serve a mass market. 
B)  numerous first mover advantages. 
C)  an inability to sustain a competitive advantage for long periods of time. 
D)  competitive advantages that are shielded from imitation. 
A)  organizations that serve a mass market. 
B)  numerous first mover advantages. 
C)  an inability to sustain a competitive advantage for long periods of time. 
D)  competitive advantages that are shielded from imitation.

Question 19

Microsoft has dominated the software market for years despite experiencing intense competitive rivalry.

Accepted Answer

A) True 
 B)False

Question 20

Sustained competitive advantage is most achievable in a ____ market.

Accepted Answer

A)  slow-cycle 
B)  medium-cycle 
C)  standard-cycle 
D)  fast-cycle 
A)  slow-cycle 
B)  medium-cycle 
C)  standard-cycle 
D)  fast-cycle

Quality alone can assure a firm that it will achieve strategic competitiveness or earn above-average returns.

Two companies that share markets,but who have little similarity in their resources are ____.

It is much easier for a competitor to implement strategic actions than tactical actions.

Firms are mutually independent only when two or more firms jockey with one another in their pursuit of market position.

The relationship of Burger King and McDonald's provides an example of multimarket competition where market commonality exists.

Reverse engineering is characteristic of ____.

In competitive dynamics,actions taken by one firm seldom elicit responses from competitors.

Unlike fast-cycle markets,the struggle for market share in standard-cycle markets is not intense.

Which firm's competitive actions are most likely to elicit response and imitation?

The larger the resource imbalance between the firm taking the competitive action and the other firms in the industry,the ____ of these other firms.

What is resource similarity?

Firms with few competitive resources are more likely to:

Walt Disney's focus on ____ is typical of a slow-cycle market.

Intensified rivalry within an industry results in decreased average profitability for the firms within it.

What is market commonality?

Quality is ____ strategic competitiveness.

Large firms with significant market power who act like small firms (making strategic decisions and implementing them with speed) and are innovative are typically strong competitors and are likely to earn above-average returns.

Goods or services in slow-cycle markets reflect:

Microsoft has dominated the software market for years despite experiencing intense competitive rivalry.

Sustained competitive advantage is most achievable in a ____ market.

Introduction to Strategic Management

Strategic Leadership

The External Environment: Opportunities, threats, industry Competition, and Competitor Analysis

The Internal Organization: Resources, capabilities, and Core Competencies

Business-Level Strategy

Cooperative Strategy

Corporate-Level Strategy

Acquisition and Restructuring Strategies

International Strategy

Corporate Governance

Strategic Entrepreneurship

Strategic Flexibility and Real Options Analysis

Filters

Exam 6: Competitive Rivalry and Competitive Dynamics

Quality alone can assure a firm that it will achieve strategic competitiveness or earn above-average returns.

Two companies that share markets,but who have little similarity in their resources are ____.

It is much easier for a competitor to implement strategic actions than tactical actions.

Firms are mutually independent only when two or more firms jockey with one another in their pursuit of market position.

The relationship of Burger King and McDonald's provides an example of multimarket competition where market commonality exists.

Reverse engineering is characteristic of ____.

In competitive dynamics,actions taken by one firm seldom elicit responses from competitors.

Unlike fast-cycle markets,the struggle for market share in standard-cycle markets is not intense.

Which firm's competitive actions are most likely to elicit response and imitation?

The larger the resource imbalance between the firm taking the competitive action and the other firms in the industry,the ____ of these other firms.

What is resource similarity?

Firms with few competitive resources are more likely to:

Walt Disney's focus on ____ is typical of a slow-cycle market.

Intensified rivalry within an industry results in decreased average profitability for the firms within it.

What is market commonality?

Quality is ____ strategic competitiveness.

Large firms with significant market power who act like small firms (making strategic decisions and implementing them with speed) and are innovative are typically strong competitors and are likely to earn above-average returns.

Goods or services in slow-cycle markets reflect:

Microsoft has dominated the software market for years despite experiencing intense competitive rivalry.

Sustained competitive advantage is most achievable in a ____ market.

Introduction to Strategic Management

Strategic Leadership

The External Environment: Opportunities, threats, industry Competition, and Competitor Analysis

The Internal Organization: Resources, capabilities, and Core Competencies

Business-Level Strategy

Cooperative Strategy

Corporate-Level Strategy

Acquisition and Restructuring Strategies

International Strategy

Corporate Governance

Strategic Entrepreneurship

Strategic Flexibility and Real Options Analysis

Filters