Question 1

A company in a ____ industry is LEAST likely to make heavy use of patents and copyrights.

Accepted Answer

A)  slow-cycle 
B)  medium-cycle 
C)  standard-cycle 
D)  fast-cycle 
A)  slow-cycle 
B)  medium-cycle 
C)  standard-cycle 
D)  fast-cycle D

Question 2

On the whole there are more competitive responses to

Accepted Answer

A)  strategic actions than to tactical actions. 
B)  tactical actions than to strategic actions. 
C)  buyer pressures than to supplier pressures. 
D)  the demands of the top management team than to industry structural pressures. 
A)  strategic actions than to tactical actions. 
B)  tactical actions than to strategic actions. 
C)  buyer pressures than to supplier pressures. 
D)  the demands of the top management team than to industry structural pressures. B

Question 3

Without available resources (such as financial capital and people), the firm lacks the ability to attack a competitor or respond to its actions.

Accepted Answer

A) True 
 B)False  True

Question 4

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 5

Consumer goods producers are innovating in terms of healthy products. This type of incremental innovation is typical of

Accepted Answer

A)  fast-cycle markets. 
B)  standard-cycle markets. 
C)  incremental-cycle markets. 
D)  slow-cycle markets. 
A)  fast-cycle markets. 
B)  standard-cycle markets. 
C)  incremental-cycle markets. 
D)  slow-cycle markets.

Question 6

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 7

Define competitive actions and responses and explain the two types of competitive actions and responses.

Accepted Answer

A competitive action is a strategic or t

Question 8

In general, small firms are more likely than large firms to launch competitive actions and tend to do it more quickly.

Accepted Answer

A) True 
 B)False

Question 9

In general, strategic actions elicit fewer competitive responses than do tactical actions.

Accepted Answer

A) True 
 B)False

Question 10

A competitive action is a strategic or tactical action taken by a firm to gain or defend a competitive advantage or improve its market position.

Accepted Answer

A) True 
 B)False

Question 11

Quality is a universal theme and is a necessary, but not a sufficient, condition for competitive success.

Accepted Answer

A) True 
 B)False

Question 12

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 13

Market commonality is concerned with the number of markets with which the firm and a competitor are jointly involved and the degree of importance of the individual markets to each.

Accepted Answer

A) True 
 B)False

Question 14

In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is

Accepted Answer

A)  similar competitive rivalry. 
B)  less competitive rivalry. 
C)  more competitive rivalry. 
D)  no competitive rivalry. 
A)  similar competitive rivalry. 
B)  less competitive rivalry. 
C)  more competitive rivalry. 
D)  no competitive rivalry.

Question 15

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.

Question 16

The benefits of being a first mover are most substantial in fast cycle markets.

Accepted Answer

A) True 
 B)False

Question 17

An organization's loyalty to its own product is a competitive disadvantage in a ____ market.

Accepted Answer

A)  slow-cycle 
B)  standard cycle 
C)  intermediate cycle 
D)  fast-cycle 
A)  slow-cycle 
B)  standard cycle 
C)  intermediate cycle 
D)  fast-cycle

Question 18

Companies in fast-cycle markets need to profit quickly from an innovative product for all of the following reasons EXCEPT

Accepted Answer

A)  the technology used is not proprietary. 
B)  the prices of component parts tend to rise rapidly. 
C)  product prices fall quickly in fast-cycle markets. 
D)  counterattacks from rivals come quickly. 
A)  the technology used is not proprietary. 
B)  the prices of component parts tend to rise rapidly. 
C)  product prices fall quickly in fast-cycle markets. 
D)  counterattacks from rivals come quickly.

Question 19

Firms operating in the same market, offering similar products and targeting similar customers are competitors.

Accepted Answer

A) True 
 B)False

Question 20

Late movers are those firms that

Accepted Answer

A)  respond to a competitive action a significant amount of time after the first mover's action and the second mover's response. 
B)  respond to a first mover's competitive action often through imitation or a move designed to counter the effects of the action. 
C)  take an initial competitive action (either strategic or tactical). 
D)  typically achieve higher-than-average returns because they can imitate the most efficient actor. 
A)  respond to a competitive action a significant amount of time after the first mover's action and the second mover's response. 
B)  respond to a first mover's competitive action often through imitation or a move designed to counter the effects of the action. 
C)  take an initial competitive action (either strategic or tactical). 
D)  typically achieve higher-than-average returns because they can imitate the most efficient actor.

A company in a ____ industry is LEAST likely to make heavy use of patents and copyrights.

On the whole there are more competitive responses to

Without available resources (such as financial capital and people), the firm lacks the ability to attack a competitor or respond to its actions.

First movers are

Consumer goods producers are innovating in terms of healthy products. This type of incremental innovation is typical of

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

Define competitive actions and responses and explain the two types of competitive actions and responses.

In general, small firms are more likely than large firms to launch competitive actions and tend to do it more quickly.

In general, strategic actions elicit fewer competitive responses than do tactical actions.

A competitive action is a strategic or tactical action taken by a firm to gain or defend a competitive advantage or improve its market position.

Quality is a universal theme and is a necessary, but not a sufficient, condition for competitive success.

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

Market commonality is concerned with the number of markets with which the firm and a competitor are jointly involved and the degree of importance of the individual markets to each.

In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is

Multimarket competition occurs when firms

The benefits of being a first mover are most substantial in fast cycle markets.

An organization's loyalty to its own product is a competitive disadvantage in a ____ market.

Companies in fast-cycle markets need to profit quickly from an innovative product for all of the following reasons EXCEPT

Firms operating in the same market, offering similar products and targeting similar customers are competitors.

Late movers are those firms that

Strategic Management and Strategic Competitiveness Emea Edition

The External Environment Opportunities, Threats, Industry Competition, and Competitor Analysis E

The Internal Organization Resources, Capabilities, Core Competencies, and Competitive Advantages

Integrating Internal and External Resources Open Innovation, Absorptive Capacity and Integration

Business-Level Strategy Emea Edition

Corporate-Level Strategy Emea Edition

Strategic Acquisition and Restructuring Emea Edition

International Strategy Emea Edition

Cooperative Strategy Emea Edition

Strategic Leadership Emea Edition

Corporate Governance Emea Edition

Organizational Structure and Controls Emea Edition

Strategic Entrepreneurship Emea Edition

Strategic Renewal Emea Edition

Filters

Exam 6: Competitive Rivalry and Competitive Dynamics Emea Edition

A company in a ____ industry is LEAST likely to make heavy use of patents and copyrights.

On the whole there are more competitive responses to

Without available resources (such as financial capital and people), the firm lacks the ability to attack a competitor or respond to its actions.

First movers are

Consumer goods producers are innovating in terms of healthy products. This type of incremental innovation is typical of

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

Define competitive actions and responses and explain the two types of competitive actions and responses.

In general, small firms are more likely than large firms to launch competitive actions and tend to do it more quickly.

In general, strategic actions elicit fewer competitive responses than do tactical actions.

A competitive action is a strategic or tactical action taken by a firm to gain or defend a competitive advantage or improve its market position.

Quality is a universal theme and is a necessary, but not a sufficient, condition for competitive success.

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

Market commonality is concerned with the number of markets with which the firm and a competitor are jointly involved and the degree of importance of the individual markets to each.

In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is

Multimarket competition occurs when firms

The benefits of being a first mover are most substantial in fast cycle markets.

An organization's loyalty to its own product is a competitive disadvantage in a ____ market.

Companies in fast-cycle markets need to profit quickly from an innovative product for all of the following reasons EXCEPT

Firms operating in the same market, offering similar products and targeting similar customers are competitors.

Late movers are those firms that

Strategic Management and Strategic Competitiveness Emea Edition

The External Environment Opportunities, Threats, Industry Competition, and Competitor Analysis E

The Internal Organization Resources, Capabilities, Core Competencies, and Competitive Advantages

Integrating Internal and External Resources Open Innovation, Absorptive Capacity and Integration

Business-Level Strategy Emea Edition

Corporate-Level Strategy Emea Edition

Strategic Acquisition and Restructuring Emea Edition

International Strategy Emea Edition

Cooperative Strategy Emea Edition

Strategic Leadership Emea Edition

Corporate Governance Emea Edition

Organizational Structure and Controls Emea Edition

Strategic Entrepreneurship Emea Edition

Strategic Renewal Emea Edition

Filters

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