Question 1

Intensified rivalry within an industry results in ____.

Accepted Answer

A)  increased hiring across the industry 
B)  increased total revenues across the industry 
C)  decreased average profitability across the industry 
D)  increased entries into the industry 
A)  increased hiring across the industry 
B)  increased total revenues across the industry 
C)  decreased average profitability across the industry 
D)  increased entries into the industry

Question 2

The more dependent a firm is on its market,the more aggressively it will defend it from another competitor.

Accepted Answer

A) True 
 B)False

Question 3

Competitive dynamics refers to a series of:

Accepted Answer

A)  competitive actions taken by only one firm in a market. 
B)  competitive actions taken by the market leader. 
C)  competitive actions and competitive responses initiated among firms competing within a given market. 
D)  competitive actions and competitive responses initiated among firms competing within numerous markets. 
A)  competitive actions taken by only one firm in a market. 
B)  competitive actions taken by the market leader. 
C)  competitive actions and competitive responses initiated among firms competing within a given market. 
D)  competitive actions and competitive responses initiated among firms competing within numerous markets.

Question 4

Expanding geographic scope in the global economy allows competitive rivalry to ease because of the larger potential customer base.

Accepted Answer

A) True 
 B)False

Question 5

The chief disadvantages of being a first mover is:

Accepted Answer

A)  the high degree of risk. 
B)  the high level of competition in the new marketplace. 
C)  an inability to sustain a sustained competitive advantage. 
D)  the difficulty of obtaining new customers. 
A)  the high degree of risk. 
B)  the high level of competition in the new marketplace. 
C)  an inability to sustain a sustained competitive advantage. 
D)  the difficulty of obtaining new customers.

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Firms in a slow-cycle market are shielded from strong rivalry and imitators.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is NOT an accurate statement with respect to quality? Quality is:

Accepted Answer

A)  a universal theme in the global economy. 
B)  a necessary but not sufficient condition for competitive success. 
C)  in existence when a firm's goods or services meet or exceed customers' expectations. 
D)  possible when customers support it. 
A)  a universal theme in the global economy. 
B)  a necessary but not sufficient condition for competitive success. 
C)  in existence when a firm's goods or services meet or exceed customers' expectations. 
D)  possible when customers support it.

Question 9

Multimarket competition occurs when firms:

Accepted Answer

A)  sell different products to the same customer. 
B)  have a high level of awareness of their competitors' strategic intent. 
C)  simultaneously enter into an attack strategy. 
D)  compete against each other in several geographic or product markets. 
A)  sell different products to the same customer. 
B)  have a high level of awareness of their competitors' strategic intent. 
C)  simultaneously enter into an attack strategy. 
D)  compete against each other in several geographic or product markets.

Question 10

First movers are:

Accepted Answer

A)  individuals who lead in the establishment of new industries. 
B)  firms that are first to exit an industry that begins to enter a decline stage. 
C)  firms that take an initial competitive action. 
D)  individuals who move frequently as employment opportunities change in a locale. 
A)  individuals who lead in the establishment of new industries. 
B)  firms that are first to exit an industry that begins to enter a decline stage. 
C)  firms that take an initial competitive action. 
D)  individuals who move frequently as employment opportunities change in a locale.

Question 11

What are the advantages and disadvantages of being a first mover,second mover,and late mover?

Accepted Answer

First movers can gain market share and c

Question 12

Which of the following would be an example of a strategic action?

Accepted Answer

A)  Price cuts by Blockbuster Video 
B)  Use of product coupons by a local grocer 
C)  Entry into the European market by Wal-Mart 
D)  Price increases by Continental Airlines 
A)  Price cuts by Blockbuster Video 
B)  Use of product coupons by a local grocer 
C)  Entry into the European market by Wal-Mart 
D)  Price increases by Continental Airlines

Question 13

Competitive dynamics indicates that firms and their strategic actions are not mutually interdependent.

Accepted Answer

A) True 
 B)False

Question 14

A method of reducing competitive rivalry may be to reduce the firm's market commonality with other firms by doing all EXCEPT which of the following?

Accepted Answer

A)  competing in a different geographic market 
B)  competing in a different product segment 
C)  competing in a different market segment 
D)  competing in a different labor market 
A)  competing in a different geographic market 
B)  competing in a different product segment 
C)  competing in a different market segment 
D)  competing in a different labor market

Question 15

Companies initiate more competitive responses to ____ actions than to ____ actions.

Accepted Answer

A)  tactical,strategic 
B)  strategic,tactical 
C)  business-level strategic,corporate-level strategic 
D)  business-level strategic,operating-level strategic 
A)  tactical,strategic 
B)  strategic,tactical 
C)  business-level strategic,corporate-level strategic 
D)  business-level strategic,operating-level strategic

Question 16

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

Accepted Answer

Awareness,motivation and ability are the

Question 17

All competitive advantages do not accrue to large-sized firms.A major advantage of smaller firms is that ____.

Accepted Answer

A)  they are more likely to have organizational slack 
B)  they can launch competitive actions more quickly 
C)  they have more loyal and diverse workforces 
D)  they can wait for larger firms to make mistakes in introducing innovative products 
A)  they are more likely to have organizational slack 
B)  they can launch competitive actions more quickly 
C)  they have more loyal and diverse workforces 
D)  they can wait for larger firms to make mistakes in introducing innovative products

Question 18

____ relates to the incentives a firm has to attack a rival or to respond if attacked.

Accepted Answer

A)  Motivation 
B)  Awareness 
C)  Responsiveness 
D)  Ability 
A)  Motivation 
B)  Awareness 
C)  Responsiveness 
D)  Ability

Question 19

In the global economy,rivalry is intensifying.Consequently:

Accepted Answer

A)  dominant cultures are overwhelming those of emerging nations,making cultural diversity an issue mainly among developed nations. 
B)  it is becoming more likely that industrialized nations will continue to dominate world markets,overwhelming emerging countries. 
C)  strong brand names are especially important in opening new markets. 
D)  only companies with cost-leadership strategies have a competitive advantage. 
A)  dominant cultures are overwhelming those of emerging nations,making cultural diversity an issue mainly among developed nations. 
B)  it is becoming more likely that industrialized nations will continue to dominate world markets,overwhelming emerging countries. 
C)  strong brand names are especially important in opening new markets. 
D)  only companies with cost-leadership strategies have a competitive advantage.

Question 20

Because Hyundai Motor Company was instituting a drive for manufacturing quality in 1999,competitors could predict ____.

Accepted Answer

A)  that Hyundai viewed quality as a sufficient condition for success 
B)  that Hyundai was consuming its organizational slack and would encounter financial problems 
C)  that Hyundai would not simultaneously launch aggressive competitive actions 
D)  that Hyundai was building for a first-mover advantage 
A)  that Hyundai viewed quality as a sufficient condition for success 
B)  that Hyundai was consuming its organizational slack and would encounter financial problems 
C)  that Hyundai would not simultaneously launch aggressive competitive actions 
D)  that Hyundai was building for a first-mover advantage

Intensified rivalry within an industry results in ____.

The more dependent a firm is on its market,the more aggressively it will defend it from another competitor.

Competitive dynamics refers to a series of:

Expanding geographic scope in the global economy allows competitive rivalry to ease because of the larger potential customer base.

The chief disadvantages of being a first mover is:

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

Firms in a slow-cycle market are shielded from strong rivalry and imitators.

Which of the following is NOT an accurate statement with respect to quality? Quality is:

Multimarket competition occurs when firms:

First movers are:

What are the advantages and disadvantages of being a first mover,second mover,and late mover?

Which of the following would be an example of a strategic action?

Competitive dynamics indicates that firms and their strategic actions are not mutually interdependent.

A method of reducing competitive rivalry may be to reduce the firm's market commonality with other firms by doing all EXCEPT which of the following?

Companies initiate more competitive responses to actions than to actions.

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

All competitive advantages do not accrue to large-sized firms.A major advantage of smaller firms is that ____.

____ relates to the incentives a firm has to attack a rival or to respond if attacked.

In the global economy,rivalry is intensifying.Consequently:

Because Hyundai Motor Company was instituting a drive for manufacturing quality in 1999,competitors could predict ____.

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

Intensified rivalry within an industry results in ____.

The more dependent a firm is on its market,the more aggressively it will defend it from another competitor.

Competitive dynamics refers to a series of:

Expanding geographic scope in the global economy allows competitive rivalry to ease because of the larger potential customer base.

The chief disadvantages of being a first mover is:

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

Firms in a slow-cycle market are shielded from strong rivalry and imitators.

Which of the following is NOT an accurate statement with respect to quality? Quality is:

Multimarket competition occurs when firms:

First movers are:

What are the advantages and disadvantages of being a first mover,second mover,and late mover?

Which of the following would be an example of a strategic action?

Competitive dynamics indicates that firms and their strategic actions are not mutually interdependent.

A method of reducing competitive rivalry may be to reduce the firm's market commonality with other firms by doing all EXCEPT which of the following?

Companies initiate more competitive responses to ____ actions than to ____ actions.

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

All competitive advantages do not accrue to large-sized firms.A major advantage of smaller firms is that ____.

____ relates to the incentives a firm has to attack a rival or to respond if attacked.

In the global economy,rivalry is intensifying.Consequently:

Because Hyundai Motor Company was instituting a drive for manufacturing quality in 1999,competitors could predict ____.

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

Companies initiate more competitive responses to actions than to actions.