Question 1

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 D

Question 2

Which of the following would not be considered an initial set of actions to gain competitive advantage:

Accepted Answer

A)  Price cuts 
B)  Advertising campaigns 
C)  Market entries 
D)  Counterattacks 
A)  Price cuts 
B)  Advertising campaigns 
C)  Market entries 
D)  Counterattacks D

Question 3

Which of the following will enable a firm to be competitive even if there is a lack of top management commitment and employee involvement?

Accepted Answer

A)  Organizational structure 
B)  Use of stealth attacks 
C)  Rapid responses, and willingness to answer challenges 
D)  None of the above 
A)  Organizational structure 
B)  Use of stealth attacks 
C)  Rapid responses, and willingness to answer challenges 
D)  None of the above D

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

The global airline industry is one in which:

Accepted Answer

A)  National political interests prevent airlines from making international alliances 
B)  The fast-cycle nature of the industry mandates heavy use of alliances 
C)  Most alliances tend to be vertical complementary 
D)  Alliance versus alliance competition dominates firm versus firm competition 
A)  National political interests prevent airlines from making international alliances 
B)  The fast-cycle nature of the industry mandates heavy use of alliances 
C)  Most alliances tend to be vertical complementary 
D)  Alliance versus alliance competition dominates firm versus firm competition

Question 6

Which of the following are least likely to result in collusion?

Accepted Answer

A)  High concentration ratio 
B)  Heterogeneous products 
C)  High entry barriers 
D)  High market commonality 
A)  High concentration ratio 
B)  Heterogeneous products 
C)  High entry barriers 
D)  High market commonality

Question 7

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 8

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

Accepted Answer

A) True 
 B)False

Question 9

Being a first mover in an industry or market guarantees that a company will develop a sustainable strategic position.

Accepted Answer

A) True 
 B)False

Question 10

First movers are:

Accepted Answer

A)  Entrepreneurs who lead in the establishment of new industries 
B)  Firms that are first to exit a declining industry 
C)  Firms that take an initial competitive action 
D)  Individuals who move frequently as employment opportunities change in a locale 
A)  Entrepreneurs who lead in the establishment of new industries 
B)  Firms that are first to exit a declining industry 
C)  Firms that take an initial competitive action 
D)  Individuals who move frequently as employment opportunities change in a locale

Question 11

Firms with high market commonality and highly similar resources are direct and mutually acknowledged competitors.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Identify the four types of business-level cooperative strategies and the advantages and disadvantages of each.

Accepted Answer

.Through vertical and horizontal complem

Question 15

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

Accepted Answer

.First movers can gain market share,cust

Question 16

The two primary drivers of hypercompetition are the emergence of the global economy and technology.

Accepted Answer

A) True 
 B)False

Question 17

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

Accepted Answer

A) True 
 B)False

Question 18

Often,successful imitation of the first mover's innovations allows the second mover to avoid the mistakes and major investments of the first mover.

Accepted Answer

A) True 
 B)False

Question 19

How do financial statements help us determine whether or not a firm holds a sustainable competitive advantage in the marketplace?

Accepted Answer

.A firm holds a sustainable competitive

Question 20

Under what conditions does it make sense to cooperate with one or more other companies?

Accepted Answer

.There are two circumstances in which a

Multimarket competition occurs when firms:

Which of the following would not be considered an initial set of actions to gain competitive advantage:

Which of the following will enable a firm to be competitive even if there is a lack of top management commitment and employee involvement?

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

The global airline industry is one in which:

Which of the following are least likely to result in collusion?

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.

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

Being a first mover in an industry or market guarantees that a company will develop a sustainable strategic position.

First movers are:

Firms with high market commonality and highly similar resources are direct and mutually acknowledged competitors.

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

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

Identify the four types of business-level cooperative strategies and the advantages and disadvantages of each.

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

The two primary drivers of hypercompetition are the emergence of the global economy and technology.

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

Often,successful imitation of the first mover's innovations allows the second mover to avoid the mistakes and major investments of the first mover.

How do financial statements help us determine whether or not a firm holds a sustainable competitive advantage in the marketplace?

Under what conditions does it make sense to cooperate with one or more other companies?

What is Strategy

Strategic Objectives

Governance,Ethics & Corporate Social Responsibility in Strategy

Culture and Strategy

The Internal Environment

The External Environment

Business-Level Strategy

Corporate-Level Strategy

International Strategy

Strategic Leadership

Strategic Failure and Turnaround

Strategic Change

Strategic Implementation

Organizational Structure and Controls

Strategic Entrepreneurship

Filters

Exam 10: Competitive Rivalry & Competitive Dynamics

Multimarket competition occurs when firms:

Which of the following would not be considered an initial set of actions to gain competitive advantage:

Which of the following will enable a firm to be competitive even if there is a lack of top management commitment and employee involvement?

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

The global airline industry is one in which:

Which of the following are least likely to result in collusion?

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.

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

Being a first mover in an industry or market guarantees that a company will develop a sustainable strategic position.

First movers are:

Firms with high market commonality and highly similar resources are direct and mutually acknowledged competitors.

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

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

Identify the four types of business-level cooperative strategies and the advantages and disadvantages of each.

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

The two primary drivers of hypercompetition are the emergence of the global economy and technology.

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

Often,successful imitation of the first mover's innovations allows the second mover to avoid the mistakes and major investments of the first mover.

How do financial statements help us determine whether or not a firm holds a sustainable competitive advantage in the marketplace?

Under what conditions does it make sense to cooperate with one or more other companies?

What is Strategy

Strategic Objectives

Governance,Ethics & Corporate Social Responsibility in Strategy

Culture and Strategy

The Internal Environment

The External Environment

Business-Level Strategy

Corporate-Level Strategy

International Strategy

Strategic Leadership

Strategic Failure and Turnaround

Strategic Change

Strategic Implementation

Organizational Structure and Controls

Strategic Entrepreneurship

Filters