Exam 5: Competitive Rivalry and Competitive Dynamics

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Which company below committed significant resources to enter the information services market and, given its success, was imitated by other competitors?

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Define awareness, motivation, and ability in reference to competitive behavior.

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Which industry can be LEAST described as a slow-cycle market?

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Firms are likely to imitate the actions of a competitor that is noted for risky, complex, and unpredictable behavior because this is a way to imitate unobservable core competencies.

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Which of the following is TRUE of Walmart?

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Fast-cycle markets are characterized by "generational products," which start out with a substantial technological advance in the performance of a product category followed by incremental technological advances as new generations of products are introduced.

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____ relates to the gains or losses a firm will experience if it attacks a rival or responds to an attack by a rival.

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