Question 1

Under antitrust law a company can be in trouble for setting prices too high but not for setting them too low.

Accepted Answer

A) True 
 B)False  False

Question 2

Thrust makes use of military theory that the attacker needs to have at least a three-to-one advantage to overcome a well-defended position through a conventional frontal assault.

Accepted Answer

A) True 
 B)False  True

Question 3

In the interest of maintaining high standards for international trade, the U.S. has at various times attempted to legislate the behavior of U.S. based companies. It has even at times tried to apply U.S. standards to those from other countries. Does this make sense to you?

Accepted Answer

There could be various views on this question. Some would argue that if a U.S. based company is held to a higher or more expensive standard than other companies around the world, the company will be at a competitive advantage thus both the company and the U.S. economy will lose out to those in other countries. Others might respond that U.S. companies should be an example to the rest of the world by following certain ideals that may or may not result in more business overseas but virtue is its own reward. In regards to trying to compel companies based overseas to abide by our concepts of how competitive markets should function, some may feel that is necessary to have a level playing field but others would view that as arrogant ethical imperialism.

Question 4

Industry-based considerations regarding strategy:
a. Focus on the nature of collusion.
b. Deal with the relationship between industry structures and firms' propensity to collude.
c. Deal with the relationship between industry structures and firms' propensity to collude to competing.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Industry-based considerations regarding strategy:
a. Focus on the...

Question 5

Firms that have a high degree of resource similarity are likely to have similar strengths and weaknesses.

Accepted Answer

A) True 
 B)False

Question 6

An extender strategy may be appropriate in some industries where pressures for globalization are relatively low.

Accepted Answer

A) True 
 B)False

Question 7

Explicit collusion is exemplified by:
a. Cartels.
b. Trusts.
c. Users of game theory.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Explicit collusion is exemplified by:
a. Cartels.
b. Trusts.
c....

Question 8

In some industries where pressures for globalization are relatively low, local firms may possess some skills and assets that are transferable overseas, thus leading to a/an_____strategy.
a. Defender
b. Extender
c. Dodger
d. Contender
e. Transfer

Accepted Answer

The answer of In some industries where pressures for globalization...

Question 9

Which of the following aspects of U.S. competition/antitrust policy has been opposed by the EU?
a. Collusive price setting.
b. Predatory pricing.
c. Extraterritoriality.
d. Court decisions.
e. Changes in policy.

Accepted Answer

Extraterri

Question 10

The three drivers of counterattacks do not include:
a. Awareness.
b. Motivation.
c. Capability.
d. B and C above.
e. Vengeance.

Accepted Answer

The answer of The three drivers of counterattacks do not...

Question 11

The text points out that modern ideas of strategy, pioneered by Michael Porter, have turned IO economics "on its head." While IO economics attempts to prevent any firm from gaining sustained competitive advantage, the very purpose of strategy is to gain a sustainable advantage. Is that good or bad?

Accepted Answer

There may be various views expressed in

Question 12

The main types of attack include:
a. Thrust.
b. Feint.
c. Gambit.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of The main types of attack include:
a. Thrust.
b....

Question 13

Which is not true concerning US anti trust policy today?
a. Legislation has legally permitted rivals to join hands in research and development (R&D).
b. There is increased permissiveness regarding mergers among rivals.
c. Clarity of policy has improved.
d. The legal standards for interfirm cooperation are no longer ambiguous in the United States.
e. The legal standards for interfirm cooperation are ambiguous in many other countries.

Accepted Answer

The legal standards

Question 14

Critics of US policy on dumping at least agree that our policy on predatory pricing is consistent both domestically and internationally.

Accepted Answer

A) True 
 B)False

Question 15

Multimarket competition destroys mutual forbearance.

Accepted Answer

A) True 
 B)False

Question 16

Dumping is defined as:
a. Shipping hazardous waste to locations in other countries.
b. An exporter selling below cost abroad.
c. Unloading unsold inventory from the US in other countries.
d. Excessive criticism of international rivals.
e. Getting rid of unprofitable operations.

Accepted Answer

An exporte

Question 17

Which is true of strategy?
a. Business strategy has similarities with military strategy.
b. Military principles cannot be completely applied in business.
c. Militaries fight over territories, waters, and air spaces, firms compete in markets.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Which is true of strategy?
a. Business strategy...

Question 18

Industry-based considerations are fundamentally concerned with the very first of the Porter five forces, interfirm rivalry.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following are least likely to result in collusion?
a. High concentration ratio.
b. Heterogeneous products.
c. High entry barriers.
d. High market commonality.
e. Industry price leader exists.

Accepted Answer

Heterogene

Question 20

Issues affecting collaboration include:
a. Secrecy.
b. Exclusivity.
c. Informality.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Issues affecting collaboration include:
a. Secrecy.
b. Exclusivity.
c. Informality.
d....

Under antitrust law a company can be in trouble for setting prices too high but not for setting them too low.

Thrust makes use of military theory that the attacker needs to have at least a three-to-one advantage to overcome a well-defended position through a conventional frontal assault.

In the interest of maintaining high standards for international trade, the U.S. has at various times attempted to legislate the behavior of U.S. based companies. It has even at times tried to apply U.S. standards to those from other countries. Does this make sense to you?

Firms that have a high degree of resource similarity are likely to have similar strengths and weaknesses.

An extender strategy may be appropriate in some industries where pressures for globalization are relatively low.

Explicit collusion is exemplified by: a. Cartels. b. Trusts. c. Users of game theory. d. All of the above. e. None of the above.

In some industries where pressures for globalization are relatively low, local firms may possess some skills and assets that are transferable overseas, thus leading to a/an_____strategy. a. Defender b. Extender c. Dodger d. Contender e. Transfer

Which of the following aspects of U.S. competition/antitrust policy has been opposed by the EU? a. Collusive price setting. b. Predatory pricing. c. Extraterritoriality. d. Court decisions. e. Changes in policy.

The three drivers of counterattacks do not include: a. Awareness. b. Motivation. c. Capability. d. B and C above. e. Vengeance.

The text points out that modern ideas of strategy, pioneered by Michael Porter, have turned IO economics "on its head." While IO economics attempts to prevent any firm from gaining sustained competitive advantage, the very purpose of strategy is to gain a sustainable advantage. Is that good or bad?

The main types of attack include: a. Thrust. b. Feint. c. Gambit. d. All of the above. e. None of the above.

Critics of US policy on dumping at least agree that our policy on predatory pricing is consistent both domestically and internationally.

Multimarket competition destroys mutual forbearance.

Dumping is defined as: a. Shipping hazardous waste to locations in other countries. b. An exporter selling below cost abroad. c. Unloading unsold inventory from the US in other countries. d. Excessive criticism of international rivals. e. Getting rid of unprofitable operations.

Which is true of strategy? a. Business strategy has similarities with military strategy. b. Military principles cannot be completely applied in business. c. Militaries fight over territories, waters, and air spaces, firms compete in markets. d. All of the above. e. None of the above.

Industry-based considerations are fundamentally concerned with the very first of the Porter five forces, interfirm rivalry.

Which of the following are least likely to result in collusion? a. High concentration ratio. b. Heterogeneous products. c. High entry barriers. d. High market commonality. e. Industry price leader exists.

Issues affecting collaboration include: a. Secrecy. b. Exclusivity. c. Informality. d. All of the above. e. None of the above.

Strategy Around the Globe

Industry Competition

Resources and Capabilities

Institutions, Cultures, and Ethics

Foreign Market Entries

The Entrepreneurial Firm

Strategic Alliances and Networks

Diversification and Acquisitions

Corporate Governance

Corporate Social Responsibility

Filters

Exam 8: Global Competitive Dynamics

Under antitrust law a company can be in trouble for setting prices too high but not for setting them too low.

Thrust makes use of military theory that the attacker needs to have at least a three-to-one advantage to overcome a well-defended position through a conventional frontal assault.

In the interest of maintaining high standards for international trade, the U.S. has at various times attempted to legislate the behavior of U.S. based companies. It has even at times tried to apply U.S. standards to those from other countries. Does this make sense to you?

Firms that have a high degree of resource similarity are likely to have similar strengths and weaknesses.

An extender strategy may be appropriate in some industries where pressures for globalization are relatively low.

Explicit collusion is exemplified by: a. Cartels. b. Trusts. c. Users of game theory. d. All of the above. e. None of the above.

In some industries where pressures for globalization are relatively low, local firms may possess some skills and assets that are transferable overseas, thus leading to a/an_____strategy. a. Defender b. Extender c. Dodger d. Contender e. Transfer

Which of the following aspects of U.S. competition/antitrust policy has been opposed by the EU? a. Collusive price setting. b. Predatory pricing. c. Extraterritoriality. d. Court decisions. e. Changes in policy.

The three drivers of counterattacks do not include: a. Awareness. b. Motivation. c. Capability. d. B and C above. e. Vengeance.

The text points out that modern ideas of strategy, pioneered by Michael Porter, have turned IO economics "on its head." While IO economics attempts to prevent any firm from gaining sustained competitive advantage, the very purpose of strategy is to gain a sustainable advantage. Is that good or bad?

The main types of attack include: a. Thrust. b. Feint. c. Gambit. d. All of the above. e. None of the above.

Critics of US policy on dumping at least agree that our policy on predatory pricing is consistent both domestically and internationally.

Multimarket competition destroys mutual forbearance.

Dumping is defined as: a. Shipping hazardous waste to locations in other countries. b. An exporter selling below cost abroad. c. Unloading unsold inventory from the US in other countries. d. Excessive criticism of international rivals. e. Getting rid of unprofitable operations.

Which is true of strategy? a. Business strategy has similarities with military strategy. b. Military principles cannot be completely applied in business. c. Militaries fight over territories, waters, and air spaces, firms compete in markets. d. All of the above. e. None of the above.

Industry-based considerations are fundamentally concerned with the very first of the Porter five forces, interfirm rivalry.

Which of the following are least likely to result in collusion? a. High concentration ratio. b. Heterogeneous products. c. High entry barriers. d. High market commonality. e. Industry price leader exists.

Issues affecting collaboration include: a. Secrecy. b. Exclusivity. c. Informality. d. All of the above. e. None of the above.

Strategy Around the Globe

Industry Competition

Resources and Capabilities

Institutions, Cultures, and Ethics

Foreign Market Entries

The Entrepreneurial Firm

Strategic Alliances and Networks

Diversification and Acquisitions

Corporate Governance

Corporate Social Responsibility

Filters