Exam 11: Managing Global Competitive Dynamics

The United States has the world's oldest antitrust frameworks dating back to the 1890 Sherman Act.

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

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

Patenting adds value to a firm's resources when engaging with rivals.

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

Collusive price setting refers to price setting by monopolists or collusion parties at a level lower than the competitive level.

The defender strategy centers on local assets in areas in which MNEs are weak.

Blue ocean strategy focuses on attacking core markets defended by rivals.

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

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

Firms with a high degree of resource similarity are likely to have similar competitive actions.

Price leader is a firm that sets the highest price in the industry.

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

Laws that make it illegal for an exporter to sell goods below cost abroad with the intent to raise prices after eliminating local rivals are called _____ laws.

Explain how interaction differs between tacit collusion and explicit collusion.

Competitive dynamics are the actions and responses undertaken by competing firms.

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

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