Exam 5: Competitive Rivalry and Competitive Dynamics

Rapid-Built Homes specializes in low-cost prefabricated, modular homes that can be erected in a matter of days anywhere in the country. Rapid-Built focuses on entire subdivisions of homes developed by real estate speculators. ModernModular Homes (ModMod) specializes in modular homes designed by architects, which can be built anywhere in the country. The buyers usually build the home themselves from kits on their own lots. ModMod sells fewer than 100 house kits per year. ModMod is run by two professors of architecture as a sideline business. According to the "Framework of Competitive Analysis," we can say that Rapid-Built and ModMod

(Multiple Choice)

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Question 61

Quality affects competitive rivalry because a competitor whose products suffer from poor quality likely will ___ until _.

(Multiple Choice)

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Question 62

Research suggests that a firm with greater multimarket contact is ___ likely to initiate and attack, and _ likely to respond aggressively when attacked.

(Multiple Choice)

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Question 63

The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The key to success is to find your niche and focus on it, regardless of what anyone else does." The CEO:

(Multiple Choice)

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Question 64

In order to compete effectively, standard-cycle firms need all of the following EXCEPT:

(Multiple Choice)

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Question 65

Two firms, such as a small local, family-owned Italian restaurant and Olive Garden share few markets and have little similarity in resources, but are nonetheless direct and mutually acknowledged competitors.

(True/False)

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Question 66

Firms operating in the same market, offering similar products and targeting similar customers are competitors.

(True/False)

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Question 67

The more dependent a firm is on its market, the more aggressively it will defend it from another competitor.

(True/False)

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Question 68

In general, firms are more aware of competitors who have similar resources and who:

(Multiple Choice)

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Question 69

Lobelia's Nursery and Garden Resource Center has long provided high-quality, typical types of seasonal bedding plants to customers in the Mobile, Alabama, metropolitan area. It has traditionally competed with the other plant nurseries within a 50-mile radius of Mobile. Recently, Lobelia has opened a branch in Fairfax, Virginia. Lobelia's research shows that most Fairfax nurseries have only one location. Lobelia can expect the local Fairfax nurseries to

(Multiple Choice)

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Question 70

Walmart initially used a focused cost-leadership strategy to compete only in small communities by using sophisticated logistics systems and efficient purchasing practices to gain a competitive advantage. The response of local competitors was _ because they .

(Multiple Choice)

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Question 71

Sustained competitive advantage is most achievable in a ____ market.

(Multiple Choice)

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Question 72

An organization's loyalty to its own product is a competitive disadvantage in a(n) ____ market.

(Multiple Choice)

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Question 73

Which of the following is the most strategic action by Walmart?

(Multiple Choice)

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Question 74

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

(True/False)

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Question 75

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

(True/False)

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Question 76

Bubble-Up, Inc., is a small manufacturer of educational toys for children under age 10. It has co-existed with three other competitors in the educational toy industry for over 20 years, each of them maintaining a stable market share. There is a wide-spread rumor that Mega-Toy, Inc., the market leader in the broad children's toy market, has decided to target educational toys. Which one of these statements is most likely TRUE?

(Multiple Choice)

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Question 77

An organization with high profitability, such as Walmart, will be able to develop high organizational slack.

(True/False)

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Question 78

In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is:

(Multiple Choice)

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Question 79

A firm can predict that a competitor whose products suffer from poor quality is likely to be less aggressive in its competitive actions until those quality problems are corrected.

(True/False)

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Question 80

Showing 61 - 80 of 107

Quality affects competitive rivalry because a competitor whose products suffer from poor quality likely will ___ until _.

Research suggests that a firm with greater multimarket contact is ___ likely to initiate and attack, and _ likely to respond aggressively when attacked.

The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The key to success is to find your niche and focus on it, regardless of what anyone else does." The CEO:

In order to compete effectively, standard-cycle firms need all of the following EXCEPT:

Two firms, such as a small local, family-owned Italian restaurant and Olive Garden share few markets and have little similarity in resources, but are nonetheless direct and mutually acknowledged competitors.

Firms operating in the same market, offering similar products and targeting similar customers are competitors.

The more dependent a firm is on its market, the more aggressively it will defend it from another competitor.

In general, firms are more aware of competitors who have similar resources and who:

Walmart initially used a focused cost-leadership strategy to compete only in small communities by using sophisticated logistics systems and efficient purchasing practices to gain a competitive advantage. The response of local competitors was _ because they .

Sustained competitive advantage is most achievable in a ____ market.

An organization's loyalty to its own product is a competitive disadvantage in a(n) ____ market.

Which of the following is the most strategic action by Walmart?

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

An organization with high profitability, such as Walmart, will be able to develop high organizational slack.

In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is:

A firm can predict that a competitor whose products suffer from poor quality is likely to be less aggressive in its competitive actions until those quality problems are corrected.

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters

Exam 5: Competitive Rivalry and Competitive Dynamics

Quality affects competitive rivalry because a competitor whose products suffer from poor quality likely will _____________ until ___________.

Research suggests that a firm with greater multimarket contact is _______ likely to initiate and attack, and _____ likely to respond aggressively when attacked.

The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The key to success is to find your niche and focus on it, regardless of what anyone else does." The CEO:

In order to compete effectively, standard-cycle firms need all of the following EXCEPT:

Two firms, such as a small local, family-owned Italian restaurant and Olive Garden share few markets and have little similarity in resources, but are nonetheless direct and mutually acknowledged competitors.

Firms operating in the same market, offering similar products and targeting similar customers are competitors.

The more dependent a firm is on its market, the more aggressively it will defend it from another competitor.

In general, firms are more aware of competitors who have similar resources and who:

Walmart initially used a focused cost-leadership strategy to compete only in small communities by using sophisticated logistics systems and efficient purchasing practices to gain a competitive advantage. The response of local competitors was _______ because they ______.

Sustained competitive advantage is most achievable in a ____ market.

An organization's loyalty to its own product is a competitive disadvantage in a(n) ____ market.

Which of the following is the most strategic action by Walmart?

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate.

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.

An organization with high profitability, such as Walmart, will be able to develop high organizational slack.

In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is:

A firm can predict that a competitor whose products suffer from poor quality is likely to be less aggressive in its competitive actions until those quality problems are corrected.

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters

Quality affects competitive rivalry because a competitor whose products suffer from poor quality likely will ___ until _.

Research suggests that a firm with greater multimarket contact is ___ likely to initiate and attack, and _ likely to respond aggressively when attacked.

Walmart initially used a focused cost-leadership strategy to compete only in small communities by using sophisticated logistics systems and efficient purchasing practices to gain a competitive advantage. The response of local competitors was _ because they .