Exam 5: Competitive Rivalry and Competitive Dynamics

Quality is ________ competitive rivalry.

Awareness refers to:

Which of the following is an example of a product considered to be in a standard-cycle market?

The telecommunications industry is a:

Describe the drivers of competitive actions and responses.

The chief disadvantages of being a first mover is:

Compared to strategic actions, tactical actions usually have a:

A benefit of being a second mover is:

Research suggests that a firm with greater multi-market contact is ________ likely to initiate an attack and ________ likely to move (respond) aggressively when attacked.

Competitive dynamics refers to a series of:

Market commonality increases the likelihood of competitive interaction in an industry.

In addition to market commonality, resource similarity, awareness, motivation and ability, firms evaluate three other factors - ________ - to predict how a competitor is likely to respond to competitive actions.

First movers are often critical to firm success in industries experiencing:

________ determine the extent to which two firms are competitors.

Describe three factors that affect the likelihood that a competitor will use strategic actions and tactical actions to attack its competitors.

Competitive dynamics is the total set of actions and responses taken by a single firm competing within a market.

Name and describe the two types of competitive actions.

The competitive actions and responses that form a standard-cycle market's competitive dynamics are designed to seek large market shares, to gain customer loyalty through _______ and ________.

Competitive dynamics indicate that firms and their strategic actions are not mutually interdependent.

As ________ of new firms fail, learning how to select the markets in which to compete and how to best compete within them is highly important.