Exam 11: Managing Global Competitive Dynamics

____ is the strategy that focuses on a firm engaging in rapid learning and then expanding overseas.

_____ occurs when firms engage the same rivals in numerous markets.

Which combination of resource similarity and market commonality results in the most intense competition? 

Firms are allowed to organize strategic alliances with rivals for cost reduction.

Antitrust policies aim to balance efficiency and fairness in trade.

An industry with heterogeneous products,in which rivals are forced to compete on price,is likely to lead to collusion.

Making a rival aware of an attack makes it easier for the attacker to achieve its objective.

Explain the three drivers of counterattacks.

Prisoners' dilemma is a type of game in which the outcome depends on two parties deciding whether to cooperate or to defect.

Which of the following is defined as the degree of overlap between two rivals' markets? 

A price leader is a firm that ____ in the industry.

The lowest intensity of rivalry between competitors is the result of high resource similarity and low market commonality.

Which of the following is a theory that studies the interactions between two parties that compete and/or cooperate with each other? 

____ centers on cooperating through joint ventures with MNEs and sell-offs to MNEs.

The antitrust policies in the United States make it difficult for incumbents to raise entry barriers for new entrants.

Minimizing an opponent's awareness,motivation,and capabilities is more likely to result in successful attacks.

Explain how interaction differs between tacit collusion and explicit collusion.

The percentage of total industry sales accounted for by the top firms is called _____.

Mutual forbearance refers to retaliatory attacks on a competitor's other markets if this competitor attacks a firm's original market.

Market commonality refers to the degree of similarity between two rival's products.