Exam 11: Managing Global Competitive Dynamics

If a firm is operating in an environment with a high pressure for globalization,which of the following is the most preferred strategy? 

What is resource similarity? How does it affect firm rivalries?

Antitrust laws are only applicable to foreign firms.

Which of the following industry characteristics contributes to collusion? 

In order to win a predation case in the US,"an attempt to monopolize" must be proved against the accused.

Low barriers to entry into an industry make collusion between firms difficult.

____ best suits situations where the pressures to globalize are relatively low,and local firms' strengths lie in a deep understanding of local markets.

A high degree of _____ suggests that if a firm attacks in one market,its rivals may engage in cross-market retaliation.

The price leader's _____ is defined as sufficient resources possessed to deter and combat defection.

The American antitrust policy is considered to be _____.

If a firm is operating in an environment that is customized to home market,which of the following is the most preferred strategy? 

Tacit collusions typically lead to a cartel or trust.

The strategy that centers on a firm expanding overseas is called the dodger strategy.

Formal institutions governing domestic competition are broadly guided by competition policy.

Cartel is an output- and price-fixing entity involving multiple competitors.

Which of the following industrial characteristics makes a collusion difficult but leads to competition? 

A _____ antirust policy would protect established firms that have already invested and nurtured an industry from new entrants.

____ is an attack on a competitor's other markets if this competitor attacks a firm's original market.

_____ is defined as a plan to raise prices after eliminating local rivals.

_____ is designed to combat monopolies and cartels.