Exam 4: Further Topics in Industry and Competitive Analysis

Porter's five forces model of competition is too simple as originally conceived because it overlooks phenomena such as:

The level of a rival's current performance, in relation to its objectives:

The relationship between competition and cooperation can be described as follows:

Game theory shows that increases in output by one firm result in output reduction by the other. Therefore, under quantity adjustment, a hard commitment will:

As a deterrence action, at the expiration of the Nutrasweet patents, Monsanto:

Is hyper-competition a common phenomenon across industries?

In a competitive intelligence exercise, the t aim is:

Different types of relationships may exist between firms. For example:

Porter's original five forces model is least useful where:

In which of the following situations might game theory help a strategy analyst?

If administering deterrence is costly or unpleasant for the threatening party, then:

Rather than pursue game theory further this textbook emphasizes:

Deterrence is defined as:

The Schumpeterian vision of competition (the Austrian school of economics) views industry structure as the outcome of competitive behavior and as a very static process in terms of rivalry

Dividing an industry or market into several segments is called 'segmentation"

The 1963 Cuban missile crisis, the Boeing and Airbus conflict, and NASCAR race tactics are examples of:

In the business world competition and cooperation are exclusive

Game theory has become a valuable tool for strategic management. It allows strategists to:

Competitive intelligence aims to:

A segmentation matrix allows you to present in one small table the sub-markets of an industry by type of customer or product