Question 1

Competitive rivalry exists ONLY when:

Accepted Answer

A)  two or more firms establish their domains and do not challenge each other over those domains. 
B)  two or more firms compete against one another in pursuit of an advantageous market position. 
C)  two or more firms compete against international firms in pursuit of the world's dominant market position. 
D)  a firm is willing to accept its market position without regard to its competitors' intentions. 
A)  two or more firms establish their domains and do not challenge each other over those domains. 
B)  two or more firms compete against one another in pursuit of an advantageous market position. 
C)  two or more firms compete against international firms in pursuit of the world's dominant market position. 
D)  a firm is willing to accept its market position without regard to its competitors' intentions.

Question 2

A benefit of being a second mover is:

Accepted Answer

A)  an absence of the need to be the largest firm in the industry. 
B)  that a firm may be able to respond to first movers' competitive actions while avoiding the risks and development costs experienced by the first movers. 
C)  the absence of any risk. 
D)  the ability to lead the industry into new areas of product development and gain customer loyalty from its move. 
A)  an absence of the need to be the largest firm in the industry. 
B)  that a firm may be able to respond to first movers' competitive actions while avoiding the risks and development costs experienced by the first movers. 
C)  the absence of any risk. 
D)  the ability to lead the industry into new areas of product development and gain customer loyalty from its move.

Question 3

Quality begins at the bottom of the organization where employees must create values for quality that permeate the entire organization.

Accepted Answer

A) True 
 B)False

Question 4

Firms will be more loyal to their products in a ____ market than in the other types of markets.

Accepted Answer

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

Question 5

Name and describe the two types of competitive actions.

Accepted Answer

This refers to strategic and tactical ac

Question 6

Two firms that share markets but have little similarity in their resources would not be direct and mutually acknowledged competitors.

Accepted Answer

A) True 
 B)False

Question 7

A company in a ____ is most likely to make heavy use of patents and copyrights.

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

Question 8

Compared with standard-cycle firms,fast-cycle firms have little loyalty to their products.

Accepted Answer

A) True 
 B)False

Question 9

Quality involves:

Accepted Answer

A)  either meeting or exceeding customer expectations in the goods and/or services offered. 
B)  meeting the standards established by ISO 9000. 
C)  an assured way to gain competitive advantage. 
D)  an association only with differentiation strategies. 
A)  either meeting or exceeding customer expectations in the goods and/or services offered. 
B)  meeting the standards established by ISO 9000. 
C)  an assured way to gain competitive advantage. 
D)  an association only with differentiation strategies.

Question 10

The description of firms' strategic actions as dynamic in nature suggests that actions taken by one firm cause responses from competitors.

Accepted Answer

A) True 
 B)False

Competitive rivalry exists ONLY when:

A benefit of being a second mover is:

Quality begins at the bottom of the organization where employees must create values for quality that permeate the entire organization.

Firms will be more loyal to their products in a ____ market than in the other types of markets.

Name and describe the two types of competitive actions.

Two firms that share markets but have little similarity in their resources would not be direct and mutually acknowledged competitors.

A company in a ____ is most likely to make heavy use of patents and copyrights.

Compared with standard-cycle firms,fast-cycle firms have little loyalty to their products.

Quality involves:

The description of firms' strategic actions as dynamic in nature suggests that actions taken by one firm cause responses from competitors.

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

Competitive rivalry exists ONLY when:

A benefit of being a second mover is:

Quality begins at the bottom of the organization where employees must create values for quality that permeate the entire organization.

Firms will be more loyal to their products in a ____ market than in the other types of markets.

Name and describe the two types of competitive actions.

Two firms that share markets but have little similarity in their resources would not be direct and mutually acknowledged competitors.

A company in a ____ is most likely to make heavy use of patents and copyrights.

Compared with standard-cycle firms,fast-cycle firms have little loyalty to their products.

Quality involves:

The description of firms' strategic actions as dynamic in nature suggests that actions taken by one firm cause responses from competitors.

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