Question 1

What factors contribute to the likelihood of a response to a competitive action?

Accepted Answer

In general, a firm is more likely to res

Question 2

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

Accepted Answer

A)  a "two movies for the price of one" campaign by Blockbuster Video 
B)  use of product coupons by a local grocer 
C)  entry into the European market by Home Depot 
D)  fare increases by Southwest Airlines 
A)  a "two movies for the price of one" campaign by Blockbuster Video 
B)  use of product coupons by a local grocer 
C)  entry into the European market by Home Depot 
D)  fare increases by Southwest Airlines

Question 3

The global automobile producing industry has high market commonality and high resource similarity, and are aware, motivated, and have the ability to compete for market share in each segment and country they have entered (Chapter 5 Strategic Focus).

Accepted Answer

A) True 
 B)False

Question 4

Define competitors, competitive rivalry, competitive behavior, and competitive dynamics.

Accepted Answer

Competitors are firms competing in the s

Question 5

To be a first mover, the firm must have readily available resources to invest in R&D as well as to rapidly and successfully produce and market a stream of innovative products.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A)  more; more 
B)  less; more 
C)  less; less 
D)  more; less 
A)  more; more 
B)  less; more 
C)  less; less 
D)  more; less

Question 7

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

Accepted Answer

A)  first-mover advantages, corporate size 
B)  market commonality, resource similarity 
C)  management capabilities, competitive analysis 
D)  speed of management decisions, management actions 
A)  first-mover advantages, corporate size 
B)  market commonality, resource similarity 
C)  management capabilities, competitive analysis 
D)  speed of management decisions, management actions

Question 8

Competitive rivalry is the contest to be the first mover in an international market.

Accepted Answer

A) True 
 B)False

Question 9

A firm with a reputation as a price predator (an actor that frequently reduces prices to gain or maintain market share) generates few responses to its pricing tactical actions.

Accepted Answer

A) True 
 B)False

Question 10

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.

Accepted Answer

A) True 
 B)False

Question 11

According to the Chapter 5 Strategic Focus, the global automobile producing industry has high market commonality but low resource similarity.

Accepted Answer

A) True 
 B)False

Question 12

Patent laws and regulatory requirements such as required FDA (Food and Drug Administration) approval to launch new products shield pharmaceutical companies' positions in this slow-cycle market.

Accepted Answer

A) True 
 B)False

Question 13

The flat-panel television market where prices have come down and competition has become more stable is best characterized as

Accepted Answer

A)  standard-cycle. 
B)  fast-cycle. 
C)  slow-cycle. 
D)  competitive rivalry. 
A)  standard-cycle. 
B)  fast-cycle. 
C)  slow-cycle. 
D)  competitive rivalry.

Question 14

Large firms are likely to initiate more competitive actions along with more strategic actions during a given period.

Accepted Answer

A) True 
 B)False

Question 15

In the The Chapter 5 Strategic Focus, rivals (Amazon, Oracle, HP and Dell) in the cloud computing market have competitive advantages that are __________________.

Accepted Answer

A)  shielded from imitation 
B)  partially shielded from imitation 
C)  sustainable for long periods of time 
D)  not shielded from imitation 
A)  shielded from imitation 
B)  partially shielded from imitation 
C)  sustainable for long periods of time 
D)  not shielded from imitation

Question 16

A firm is likely to respond to an attack by a competitor in all of the following situations EXCEPT

Accepted Answer

A)  the attack is by a price predator. 
B)  the attack makes the firm's market position less defensible. 
C)  the attack damages the firm's ability to use its capabilities. 
D)  the attack improves the competitor's market position. 
A)  the attack is by a price predator. 
B)  the attack makes the firm's market position less defensible. 
C)  the attack damages the firm's ability to use its capabilities. 
D)  the attack improves the competitor's market position.

Question 17

Which of the following statements is FALSE?

Accepted Answer

A)  First movers tend to take higher risks than second and later movers. 
B)  First movers tend to have significantly higher revenues than second movers. 
C)  First movers have lower survival rates than second and late movers. 
D)  First movers tend to have more organizational slack than later movers. 
A)  First movers tend to take higher risks than second and later movers. 
B)  First movers tend to have significantly higher revenues than second movers. 
C)  First movers have lower survival rates than second and late movers. 
D)  First movers tend to have more organizational slack than later movers.

Question 18

Fast-cycle markets are characterized by "generational products" which start out with a substantial technological advance in the performance of a product category followed by incremental technological advances as new generations of products are introduced.

Accepted Answer

A) True 
 B)False

Question 19

Extensive market commonality guarantees intense competition in an industry.

Accepted Answer

A) True 
 B)False

Question 20

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

What factors contribute to the likelihood of a response to a competitive action?

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

The global automobile producing industry has high market commonality and high resource similarity, and are aware, motivated, and have the ability to compete for market share in each segment and country they have entered (Chapter 5 Strategic Focus).

Define competitors, competitive rivalry, competitive behavior, and competitive dynamics.

To be a first mover, the firm must have readily available resources to invest in R&D as well as to rapidly and successfully produce and market a stream of innovative products.

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

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

Competitive rivalry is the contest to be the first mover in an international market.

A firm with a reputation as a price predator (an actor that frequently reduces prices to gain or maintain market share) generates few responses to its pricing tactical actions.

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.

According to the Chapter 5 Strategic Focus, the global automobile producing industry has high market commonality but low resource similarity.

Patent laws and regulatory requirements such as required FDA (Food and Drug Administration) approval to launch new products shield pharmaceutical companies' positions in this slow-cycle market.

The flat-panel television market where prices have come down and competition has become more stable is best characterized as

Large firms are likely to initiate more competitive actions along with more strategic actions during a given period.

In the The Chapter 5 Strategic Focus, rivals (Amazon, Oracle, HP and Dell) in the cloud computing market have competitive advantages that are __________________.

A firm is likely to respond to an attack by a competitor in all of the following situations EXCEPT

Which of the following statements is FALSE?

Fast-cycle markets are characterized by "generational products" which start out with a substantial technological advance in the performance of a product category followed by incremental technological advances as new generations of products are introduced.

Extensive market commonality guarantees intense competition in an industry.

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

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

What factors contribute to the likelihood of a response to a competitive action?

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

The global automobile producing industry has high market commonality and high resource similarity, and are aware, motivated, and have the ability to compete for market share in each segment and country they have entered (Chapter 5 Strategic Focus).

Define competitors, competitive rivalry, competitive behavior, and competitive dynamics.

To be a first mover, the firm must have readily available resources to invest in R&D as well as to rapidly and successfully produce and market a stream of innovative products.

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

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

Competitive rivalry is the contest to be the first mover in an international market.

A firm with a reputation as a price predator (an actor that frequently reduces prices to gain or maintain market share) generates few responses to its pricing tactical actions.

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.

According to the Chapter 5 Strategic Focus, the global automobile producing industry has high market commonality but low resource similarity.

Patent laws and regulatory requirements such as required FDA (Food and Drug Administration) approval to launch new products shield pharmaceutical companies' positions in this slow-cycle market.

The flat-panel television market where prices have come down and competition has become more stable is best characterized as

Large firms are likely to initiate more competitive actions along with more strategic actions during a given period.

In the The Chapter 5 Strategic Focus, rivals (Amazon, Oracle, HP and Dell) in the cloud computing market have competitive advantages that are __________________.

A firm is likely to respond to an attack by a competitor in all of the following situations EXCEPT

Which of the following statements is FALSE?

Fast-cycle markets are characterized by "generational products" which start out with a substantial technological advance in the performance of a product category followed by incremental technological advances as new generations of products are introduced.

Extensive market commonality guarantees intense competition in an industry.

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

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 and attack, and _ likely to respond aggressively when attacked.

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