Question 1

Most firms have the resources to pursue multiple strategies at once.

Accepted Answer

A) True 
 B)False

Question 2

Large firms always have advantages over small firms.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following statements are true about Orange County Choppers?

Accepted Answer

A)  Example of a low-cost strategy 
B)  Highest market share in motorcycle manufacturing industry 
C)  Example of a differentiation strategy 
A)  Example of a low-cost strategy 
B)  Highest market share in motorcycle manufacturing industry 
C)  Example of a differentiation strategy

Question 4

Which of the following characteristics is not true of hypercompetition?

Accepted Answer

A)  Temporary sustainability of competition advantage 
B)  Avoid competition 
C)  Disequilibrium/instability of marketplace 
D)  Focus is internal - on the firm 
E)  Source of competitive advantage is internal to the firm 
F) Strategy is to attack, disrupt rivals 
A)  Temporary sustainability of competition advantage 
B)  Avoid competition 
C)  Disequilibrium/instability of marketplace 
D)  Focus is internal - on the firm 
E)  Source of competitive advantage is internal to the firm 
F) Strategy is to attack, disrupt rivals

Question 5

What are some of the characteristics of hypercompetition? Provide an example.

Accepted Answer

Some of the characteristics of hypercomp

Question 6

How would you characterize the current environment of the GEMAYA (Google, ebay, MSN, Amazon, Yahoo, AOL) firms? Do you expect this to change in the next five years? Why?

Accepted Answer

Student answers will vary. One possible

Question 7

Buyers are more powerful if the input they are buying is important to their processes, or if the cost of switching to other inputs is high.

Accepted Answer

A) True 
 B)False

Question 8

____________ strategies drop currently profitable products to produce improvements ahead of market demand.

Accepted Answer

A)  Hypercompetition 
B)  Oligopoly 
C)  Cannibalization 
D)  Collaborative 
A)  Hypercompetition 
B)  Oligopoly 
C)  Cannibalization 
D)  Collaborative

Question 9

What are the five macroeconomic forces that influence competitive conditions? Choose an industry and provide an example of each.

Accepted Answer

The five macroeconomic forces are techno

Question 10

The Bell System company is an example of a regulated monopoly.

Accepted Answer

A) True 
 B)False

Question 11

What is a cannibalization strategy? Provide an example of a firm that provides a cannibalization strategy.

Accepted Answer

Cannibalization strategies drop currentl

Question 12

Suppliers are powerful if their buyers cannot produce needed inputs themselves.

Accepted Answer

A) True 
 B)False

Question 13

Hypercompetition exists when a significant number of rivals compete intensely and less predictably for competitive advantage.

Accepted Answer

A) True 
 B)False

Question 14

When and why might competitors collaborate? Provide three examples.

Accepted Answer

Possible answers might include research

Question 15

Which of the following increases supplier power?

Accepted Answer

A)  There are a greater number of suppliers. 
B)  Supplies constitute a large proportion of the inputs for the buyer 
C)  Buyers are able to produce the inputs themselves. 
D)  Buyers face low switching costs. 
A)  There are a greater number of suppliers. 
B)  Supplies constitute a large proportion of the inputs for the buyer 
C)  Buyers are able to produce the inputs themselves. 
D)  Buyers face low switching costs.

Question 16

The ___________ environment describes the role of regional and national differences in credit availability, growth rates, foreign exchange rates and trade balances.

Accepted Answer

A)  Demographic 
B)  Political/Legal 
C)  Technological 
D)  Economic 
A)  Demographic 
B)  Political/Legal 
C)  Technological 
D)  Economic

Question 17

Oligopoly theory describes relatively passive or benign competition among a limited number of firms.

Accepted Answer

A) True 
 B)False

Question 18

A strategist involved in a hypercompetitive environment who attempts to play an oligopoly game (e.g., erect entrance barriers, tacitly collude with rivals) is destined to fail.

Accepted Answer

A) True 
 B)False

Question 19

The basic idea of industry analysis is to understand how each of the competitive forces influences _____________.

Accepted Answer

A)  Competitors 
B)  Customers 
C)  Profitability 
D)  Rivalry 
A)  Competitors 
B)  Customers 
C)  Profitability 
D)  Rivalry

Question 20

Substitutes do not have the potential to disrupt the patterns of industry rivalry.

Accepted Answer

A) True 
 B)False

Most firms have the resources to pursue multiple strategies at once.

Large firms always have advantages over small firms.

Which of the following statements are true about Orange County Choppers?

Which of the following characteristics is not true of hypercompetition?

What are some of the characteristics of hypercompetition? Provide an example.

How would you characterize the current environment of the GEMAYA (Google, ebay, MSN, Amazon, Yahoo, AOL) firms? Do you expect this to change in the next five years? Why?

Buyers are more powerful if the input they are buying is important to their processes, or if the cost of switching to other inputs is high.

____________ strategies drop currently profitable products to produce improvements ahead of market demand.

What are the five macroeconomic forces that influence competitive conditions? Choose an industry and provide an example of each.

The Bell System company is an example of a regulated monopoly.

What is a cannibalization strategy? Provide an example of a firm that provides a cannibalization strategy.

Suppliers are powerful if their buyers cannot produce needed inputs themselves.

Hypercompetition exists when a significant number of rivals compete intensely and less predictably for competitive advantage.

When and why might competitors collaborate? Provide three examples.

Which of the following increases supplier power?

The ___________ environment describes the role of regional and national differences in credit availability, growth rates, foreign exchange rates and trade balances.

Oligopoly theory describes relatively passive or benign competition among a limited number of firms.

A strategist involved in a hypercompetitive environment who attempts to play an oligopoly game (e.g., erect entrance barriers, tacitly collude with rivals) is destined to fail.

The basic idea of industry analysis is to understand how each of the competitive forces influences _____________.

Substitutes do not have the potential to disrupt the patterns of industry rivalry.

Defining Strategy

Developing Resources

Serving Customers

Seeking Opportunity

Specifying a Business Model

Considering Corporate Strategy

Thinking Globally

Acting Responsibly

Ensuring Execution

Managing Knowledge

Providing Leadership

Filters

Exam 5: Competing With Rivals

Most firms have the resources to pursue multiple strategies at once.

Large firms always have advantages over small firms.

Which of the following statements are true about Orange County Choppers?

Which of the following characteristics is not true of hypercompetition?

What are some of the characteristics of hypercompetition? Provide an example.

How would you characterize the current environment of the GEMAYA (Google, ebay, MSN, Amazon, Yahoo, AOL) firms? Do you expect this to change in the next five years? Why?

Buyers are more powerful if the input they are buying is important to their processes, or if the cost of switching to other inputs is high.

____________ strategies drop currently profitable products to produce improvements ahead of market demand.

What are the five macroeconomic forces that influence competitive conditions? Choose an industry and provide an example of each.

The Bell System company is an example of a regulated monopoly.

What is a cannibalization strategy? Provide an example of a firm that provides a cannibalization strategy.

Suppliers are powerful if their buyers cannot produce needed inputs themselves.

Hypercompetition exists when a significant number of rivals compete intensely and less predictably for competitive advantage.

When and why might competitors collaborate? Provide three examples.

Which of the following increases supplier power?

The ___________ environment describes the role of regional and national differences in credit availability, growth rates, foreign exchange rates and trade balances.

Oligopoly theory describes relatively passive or benign competition among a limited number of firms.

A strategist involved in a hypercompetitive environment who attempts to play an oligopoly game (e.g., erect entrance barriers, tacitly collude with rivals) is destined to fail.

The basic idea of industry analysis is to understand how each of the competitive forces influences _____________.

Substitutes do not have the potential to disrupt the patterns of industry rivalry.

Defining Strategy

Developing Resources

Serving Customers

Seeking Opportunity

Specifying a Business Model

Considering Corporate Strategy

Thinking Globally

Acting Responsibly

Ensuring Execution

Managing Knowledge

Providing Leadership

Filters