Question 1

Firms in a slow-cycle market are shielded from imitators for long periods of time.

Accepted Answer

A) True 
 B)False

Question 2

Competitors are more likely to respond to strategic or tactical actions when they are taken by a market leader.

Accepted Answer

A) True 
 B)False

Question 3

Walt Disney's focus on ____ is typical of a slow-cycle market.

Accepted Answer

A)  innovation 
B)  total quality 
C)  proprietary rights 
D)  economies of scale 
A)  innovation 
B)  total quality 
C)  proprietary rights 
D)  economies of scale

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Competitive dynamics refers to the total set of actions and responses taken by all firms competing within a market.

Accepted Answer

A) True 
 B)False

Question 6

Reverse engineering is characteristic of

Accepted Answer

A)  first movers. 
B)  fast-cycle markets. 
C)  market leaders. 
D)  price predators. 
A)  first movers. 
B)  fast-cycle markets. 
C)  market leaders. 
D)  price predators.

Question 7

A second mover

Accepted Answer

A)  is typically ineffective in its response to the first mover. 
B)  attempts to provide a product with greater customer value than the first mover's product. 
C)  usually incurs higher expenses than the first mover since it must engage in reverse engineering. 
D)  typically has a higher survival rate than first movers which typically take greater risks. 
A)  is typically ineffective in its response to the first mover. 
B)  attempts to provide a product with greater customer value than the first mover's product. 
C)  usually incurs higher expenses than the first mover since it must engage in reverse engineering. 
D)  typically has a higher survival rate than first movers which typically take greater risks.

Question 8

Which organization has the highest market dependence?

Accepted Answer

A)  a chain of rapid-service oil change shops 
B)  a manufacturer of chemicals for the international pharmaceutical industry 
C)  a regional department store having 26 locations in the Northwest 
D)  a company that specializes in making replacement tiles for the space shuttle 
A)  a chain of rapid-service oil change shops 
B)  a manufacturer of chemicals for the international pharmaceutical industry 
C)  a regional department store having 26 locations in the Northwest 
D)  a company that specializes in making replacement tiles for the space shuttle

Question 9

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

Accepted Answer

A) True 
 B)False

Question 10

Large firms are likely to initiate more competitive actions along with more strategic actions during a given period.

Accepted Answer

A) True 
 B)False

Question 11

____ relates to the gains or losses a firm will experience if it attacks a rival or responds to an attack by a rival.

Accepted Answer

A)  Motivation 
B)  Awareness 
C)  Responsiveness 
D)  Ability 
A)  Motivation 
B)  Awareness 
C)  Responsiveness 
D)  Ability

Question 12

Sustained competitive advantage is most achievable in a ____ market.

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

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

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 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

Two firms that have similar resources, but do not share markets would not be direct and mutually acknowledged competitors.

Accepted Answer

A) True 
 B)False

Question 17

A firm can expect that every launch of a successful new product will be followed by a counterattack by competitors, even in a slow-cycle market.

Accepted Answer

A) True 
 B)False

Question 18

Goods or services in standard-cycle markets reflect

Accepted Answer

A)  organizations that serve a mass market. 
B)  numerous first mover advantages. 
C)  an inability to sustain a competitive advantage except for brief periods of time. 
D)  competitive advantages that are shielded from imitation. 
A)  organizations that serve a mass market. 
B)  numerous first mover advantages. 
C)  an inability to sustain a competitive advantage except for brief periods of time. 
D)  competitive advantages that are shielded from imitation.

Question 19

Firms that are typically late movers usually have little organizational slack.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Firms in a slow-cycle market are shielded from imitators for long periods of time.

Competitors are more likely to respond to strategic or tactical actions when they are taken by a market leader.

Walt Disney's focus on ____ is typical of a slow-cycle market.

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

Competitive dynamics refers to the total set of actions and responses taken by all firms competing within a market.

Reverse engineering is characteristic of

A second mover

Which organization has the highest market dependence?

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

Large firms are likely to initiate more competitive actions along with more strategic actions during a given period.

____ relates to the gains or losses a firm will experience if it attacks a rival or responds to an attack by a rival.

Sustained competitive advantage is most achievable in a ____ market.

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

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.

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

Two firms that have similar resources, but do not share markets would not be direct and mutually acknowledged competitors.

A firm can expect that every launch of a successful new product will be followed by a counterattack by competitors, even in a slow-cycle market.

Goods or services in standard-cycle markets reflect

Firms that are typically late movers usually have little organizational slack.

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

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

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Exam 6: Competitive Rivalry and Competitive Dynamics Emea Edition

Firms in a slow-cycle market are shielded from imitators for long periods of time.

Competitors are more likely to respond to strategic or tactical actions when they are taken by a market leader.

Walt Disney's focus on ____ is typical of a slow-cycle market.

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

Competitive dynamics refers to the total set of actions and responses taken by all firms competing within a market.

Reverse engineering is characteristic of

A second mover

Which organization has the highest market dependence?

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

Large firms are likely to initiate more competitive actions along with more strategic actions during a given period.

____ relates to the gains or losses a firm will experience if it attacks a rival or responds to an attack by a rival.

Sustained competitive advantage is most achievable in a ____ market.

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

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.

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

Two firms that have similar resources, but do not share markets would not be direct and mutually acknowledged competitors.

A firm can expect that every launch of a successful new product will be followed by a counterattack by competitors, even in a slow-cycle market.

Goods or services in standard-cycle markets reflect

Firms that are typically late movers usually have little organizational slack.

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

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