Exam 5: Competitive Rivalry and Competitive Dynamics

Large firms with significant slack resources (i.e., are able to launch a greater number of competitive actions) but who remain flexible and act like small firms (i.e., are able to launch a variety of actions) will be more successful against rivals.

Because Coca-Cola, Nestle, and PepsiCo all sell a product (bottled water) that is essentially the same and all three giant companies are engaged in battles for market share using incremental changes in their products and seeking loyalty to brand names, it is most likely that the bottled water market is a(n):

Quality is:

Define competitive actions and responses and explain the two types of competitive actions and responses.

What factors contribute to the likelihood of a response to a competitive action?

Both ____ and ____ affect the awareness and motivation of a firm to undertake actions and responses.

A second mover:

Reverse engineering is characteristic of:

Walmart has recently opened a store in Alsatia, Missouri. Several local small retailers have decided that choosing not to respond to Walmart's competitive actions is a viable long-term option, because although the companies have high market commonality they have little resource similarity. These small retailers are correct in their decision.

Intensified rivalry within an industry results in:

"Competitive dynamics" indicates that firms and their strategic actions are independent.

Competitive rivalry has the most effect on a firm's ____ strategies than the firm's other strategies.

Firms with few competitive resources are more likely to:

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

Multimarket competition occurs when firms:

A firm is likely to respond to an attack by a competitor in all of the following situations EXCEPT when:

Companies in fast-cycle markets need to profit quickly from an innovative product for all of the following reasons EXCEPT:

Boeing's decision to commit the resources required to build the super-efficient 787 midsized jetliner is an example of a tactical action.

Which of the following statements is FALSE?

Research suggests that a firm with greater multimarket contact is less likely to initiate an attack, but more likely to respond aggressively when attacked.