Question 1

The majority of entrepreneurial start-ups are financed with angel financing.

Accepted Answer

A) True 
 B)False

Question 2

New entry into markets,whether by start-ups or by incumbent firms,rarely threatens existing competitors.

Accepted Answer

A) True 
 B)False

Question 3

In 2005,Plum Organics entered the market with convenient organic baby food and snack foods for children.It now has over 20 products,saw sales grow by 44 percent in 2015,and claims over 7 percent market share in the baby food segment.It used which new entry strategy in 2005?

Accepted Answer

A) imitative 
B) pioneering 
C) differentiated 
D) adaptive 
A) imitative 
B) pioneering 
C) differentiated 
D) adaptive

Question 4

Shakespeare & Co.was reimagined in 2015 to meet the current needs of the market when Dan Neller purchased the NY bookstore.He provided a place to find the hottest books,the ability to print more obscure titles,and a rare level of service that made the store feel like a destination.He used which generic strategy to achieve competitive advantages?

Accepted Answer

A) overall cost leadership 
B) differentiation 
C) focus 
D) low cost leadership 
A) overall cost leadership 
B) differentiation 
C) focus 
D) low cost leadership

Question 5

Entrepreneurial new entry is often perceived as a competitive threat to incumbent firms because most market needs are being met,either directly or indirectly,by existing firms.

Accepted Answer

A) True 
 B)False

Question 6

When any two firms have both a high degree of market commonality and highly similar resources,a ________ threat is present.

Accepted Answer

A) weaker competitive 
B) successful marketing 
C) stronger competitive 
D) stronger marketing 
A) weaker competitive 
B) successful marketing 
C) stronger competitive 
D) stronger marketing

Question 7

When launching a new venture,finding a way to begin doing business must ________ generate cash flow,build credibility,attract good employees,and overcome the liability of newness.

Accepted Answer

A) slowly 
B) quickly 
C) steadily 
D) painlessly 
A) slowly 
B) quickly 
C) steadily 
D) painlessly

Question 8

Small businesses create the majority of new jobs in the U.S.economy.

Accepted Answer

A) True 
 B)False

Question 9

According to the text,which of the following does not make it difficult for entrepreneurial firms to effectively pursue a strategy of differentiation?

Accepted Answer

A) Differentiation strategies are often expensive to enact. 
B) Incumbent firms are constantly seeking opportunities to specialize in market niches. 
C) It may be difficult for a young firm to establish a strong brand identity. 
D) Implementing superior new technologies may be challenging for entrepreneurial firms. 
A) Differentiation strategies are often expensive to enact. 
B) Incumbent firms are constantly seeking opportunities to specialize in market niches. 
C) It may be difficult for a young firm to establish a strong brand identity. 
D) Implementing superior new technologies may be challenging for entrepreneurial firms.

Question 10

Which of the following is not a factor that affects how a competitor will respond to a competitive attack?

Accepted Answer

A) how dependent the competitor is on that industry or particular market segment 
B) the degree of market power and reputation of the company that initiated the attack 
C) the stock market reaction to the initial competitive attack 
D) the resources which are available for a firm to respond 
A) how dependent the competitor is on that industry or particular market segment 
B) the degree of market power and reputation of the company that initiated the attack 
C) the stock market reaction to the initial competitive attack 
D) the resources which are available for a firm to respond

Question 11

Seeking products or services that have been successful in one market and introducing the same basic product or service in another segment of the market is referred to as ________ new entry.

Accepted Answer

A) adaptive 
B) imitative 
C) proactive 
D) pioneering 
A) adaptive 
B) imitative 
C) proactive 
D) pioneering

Question 12

________ provide(s)a key avenue for growth for many young and small firms through partnering to obtain resources and to expand into new markets.

Accepted Answer

A) Strategic alliances 
B) Funding 
C) Banking 
D) Research and development 
A) Strategic alliances 
B) Funding 
C) Banking 
D) Research and development

Question 13

Which of the following is not one of the reasons a company might launch new competitive actions?

Accepted Answer

A) to obtain first mover advantages 
B) to improve market position 
C) to find new sources of raw materials 
D) to capitalize on growing demand 
A) to obtain first mover advantages 
B) to improve market position 
C) to find new sources of raw materials 
D) to capitalize on growing demand

Question 14

Which of the following is the most important resource for a start-up activity?

Accepted Answer

A) social recognition 
B) land 
C) personnel 
D) money 
A) social recognition 
B) land 
C) personnel 
D) money

The majority of entrepreneurial start-ups are financed with angel financing.

New entry into markets,whether by start-ups or by incumbent firms,rarely threatens existing competitors.

In 2005,Plum Organics entered the market with convenient organic baby food and snack foods for children.It now has over 20 products,saw sales grow by 44 percent in 2015,and claims over 7 percent market share in the baby food segment.It used which new entry strategy in 2005?

Entrepreneurial new entry is often perceived as a competitive threat to incumbent firms because most market needs are being met,either directly or indirectly,by existing firms.

When any two firms have both a high degree of market commonality and highly similar resources,a ________ threat is present.

When launching a new venture,finding a way to begin doing business must ________ generate cash flow,build credibility,attract good employees,and overcome the liability of newness.

Small businesses create the majority of new jobs in the U.S.economy.

According to the text,which of the following does not make it difficult for entrepreneurial firms to effectively pursue a strategy of differentiation?

Which of the following is not a factor that affects how a competitor will respond to a competitive attack?

Seeking products or services that have been successful in one market and introducing the same basic product or service in another segment of the market is referred to as ________ new entry.

________ provide(s)a key avenue for growth for many young and small firms through partnering to obtain resources and to expand into new markets.

Which of the following is not one of the reasons a company might launch new competitive actions?

Which of the following is the most important resource for a start-up activity?

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 8: Entrepreneurial Strategy and Competitive Dynamics

The majority of entrepreneurial start-ups are financed with angel financing.

New entry into markets,whether by start-ups or by incumbent firms,rarely threatens existing competitors.

In 2005,Plum Organics entered the market with convenient organic baby food and snack foods for children.It now has over 20 products,saw sales grow by 44 percent in 2015,and claims over 7 percent market share in the baby food segment.It used which new entry strategy in 2005?

Entrepreneurial new entry is often perceived as a competitive threat to incumbent firms because most market needs are being met,either directly or indirectly,by existing firms.

When any two firms have both a high degree of market commonality and highly similar resources,a ________ threat is present.

When launching a new venture,finding a way to begin doing business must ________ generate cash flow,build credibility,attract good employees,and overcome the liability of newness.

Small businesses create the majority of new jobs in the U.S.economy.

According to the text,which of the following does not make it difficult for entrepreneurial firms to effectively pursue a strategy of differentiation?

Which of the following is not a factor that affects how a competitor will respond to a competitive attack?

Seeking products or services that have been successful in one market and introducing the same basic product or service in another segment of the market is referred to as ________ new entry.

________ provide(s)a key avenue for growth for many young and small firms through partnering to obtain resources and to expand into new markets.

Which of the following is not one of the reasons a company might launch new competitive actions?

Which of the following is the most important resource for a start-up activity?

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters