Question 1

Cutting prices or increasing marketing efforts are examples of tactical competitive actions.

Accepted Answer

A) True 
 B)False

Question 2

Square provides a means for small businesses to process credit and debit card sales without signing up for a traditional credit card arrangement of monthly fees and minimum charges.When its business grew rapidly,Apple,Google,and PayPal responded with ________ actions?

Accepted Answer

A)  pioneering 
B)  imitative 
C)  adaptive 
D)  differentiated 
A)  pioneering 
B)  imitative 
C)  adaptive 
D)  differentiated

Question 3

Which of the following is not one of the three characteristics of entrepreneurial leadership mentioned by the text?

Accepted Answer

A)  clarifying job responsibilities 
B)  dedication and drive 
C)  commitment to excellence 
D)  vision 
A)  clarifying job responsibilities 
B)  dedication and drive 
C)  commitment to excellence 
D)  vision

Question 4

When attacked,older and larger firms tend to respond more quickly,but their responses are often more predictable.

Accepted Answer

A) True 
 B)False

Question 5

Forbearance is a particularly aggressive type of competitive attack.

Accepted Answer

A) True 
 B)False

Question 6

The Amazon approach to selling books,using the Internet and offering superior customer service,gave it a strong entry strategy.This is an example of a focus strategy.

Accepted Answer

A) True 
 B)False

Question 7

Mint entered the market in 2005 with comprehensive online money management systems that tells users what they are spending by aggregating financial information from online bank and credit card accounts.Today it has over 20 million users and is helping them manage over 3 billion USD in assets.It used which new entry strategy in 2005?

Accepted Answer

A)  imitative 
B)  adaptive 
C)  pioneering 
D)  differentiated 
A)  imitative 
B)  adaptive 
C)  pioneering 
D)  differentiated

Question 8

Casper Sleep makes mattresses,according to Strategy Spotlight 8.3 in the textbook.Which generic strategy most closely represents theirs?

Accepted Answer

A)  differentiation 
B)  low-cost leadership 
C)  focus 
D)  combination 
A)  differentiation 
B)  low-cost leadership 
C)  focus 
D)  combination

Question 9

Which of the following is not one of the reasons a company might launch new competitive actions?

Accepted Answer

A)  to obtain first mover advantages 
B)  to improve market position 
C)  to find new sources of raw materials 
D)  to capitalize on growing demand 
A)  to obtain first mover advantages 
B)  to improve market position 
C)  to find new sources of raw materials 
D)  to capitalize on growing demand

Question 10

Founded in 1995,Under Armour,Inc.sells undershirts and other athletic gear using moisture-wicking fabric for sweaty sports.By 2016,it reached the number two athletic clothing firm spot with over 4.5 billion in sales.It used which new entry strategy in 2005?

Accepted Answer

A)  imitative 
B)  pioneering 
C)  adaptive 
D)  differentiated 
A)  imitative 
B)  pioneering 
C)  adaptive 
D)  differentiated

Question 11

Which of the following is the most important resource for a start-up activity?

Accepted Answer

A)  social recognition 
B)  land 
C)  personnel 
D)  money 
A)  social recognition 
B)  land 
C)  personnel 
D)  money

Question 12

Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derived most of their profits from extended warranties.According to the Stalk and Lachenauer book,this is an example of the strategy to

Accepted Answer

A)  plagiarize with pride. 
B)  deceive the competition. 
C)  devastate rivals profit sanctuaries. 
D)  unleash massive and overwhelming force. 
A)  plagiarize with pride. 
B)  deceive the competition. 
C)  devastate rivals profit sanctuaries. 
D)  unleash massive and overwhelming force.

Question 13

________ is the process of identifying,selecting,and developing new venture opportunities.

Accepted Answer

A)  Innovativeness 
B)  Bootstrapping 
C)  Opportunity recognition 
D)  Brainstorming 
A)  Innovativeness 
B)  Bootstrapping 
C)  Opportunity recognition 
D)  Brainstorming

Question 14

The new entry strategy that a firm chooses is dependent upon the ________ and the ________ of the new business concept.

Accepted Answer

A)  riskiness; cost 
B)  riskiness; potential sales 
C)  riskiness; innovativeness 
D)  idea; innovativeness 
A)  riskiness; cost 
B)  riskiness; potential sales 
C)  riskiness; innovativeness 
D)  idea; innovativeness

Cutting prices or increasing marketing efforts are examples of tactical competitive actions.

Square provides a means for small businesses to process credit and debit card sales without signing up for a traditional credit card arrangement of monthly fees and minimum charges.When its business grew rapidly,Apple,Google,and PayPal responded with ________ actions?

Which of the following is not one of the three characteristics of entrepreneurial leadership mentioned by the text?

When attacked,older and larger firms tend to respond more quickly,but their responses are often more predictable.

Forbearance is a particularly aggressive type of competitive attack.

The Amazon approach to selling books,using the Internet and offering superior customer service,gave it a strong entry strategy.This is an example of a focus strategy.

Casper Sleep makes mattresses,according to Strategy Spotlight 8.3 in the textbook.Which generic strategy most closely represents theirs?

Which of the following is not one of the reasons a company might launch new competitive actions?

Founded in 1995,Under Armour,Inc.sells undershirts and other athletic gear using moisture-wicking fabric for sweaty sports.By 2016,it reached the number two athletic clothing firm spot with over 4.5 billion in sales.It used which new entry strategy in 2005?

Which of the following is the most important resource for a start-up activity?

Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derived most of their profits from extended warranties.According to the Stalk and Lachenauer book,this is an example of the strategy to

________ is the process of identifying,selecting,and developing new venture opportunities.

The new entry strategy that a firm chooses is dependent upon the and the of the new business concept.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's Tangible Resources

Business-level Strategy: Creating and Sustaining Competitive Advantages

Corporate-level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 8: Entrepreneurial Strategy and Competitive Dynamics

Cutting prices or increasing marketing efforts are examples of tactical competitive actions.

Square provides a means for small businesses to process credit and debit card sales without signing up for a traditional credit card arrangement of monthly fees and minimum charges.When its business grew rapidly,Apple,Google,and PayPal responded with ________ actions?

Which of the following is not one of the three characteristics of entrepreneurial leadership mentioned by the text?

When attacked,older and larger firms tend to respond more quickly,but their responses are often more predictable.

Forbearance is a particularly aggressive type of competitive attack.

The Amazon approach to selling books,using the Internet and offering superior customer service,gave it a strong entry strategy.This is an example of a focus strategy.

Casper Sleep makes mattresses,according to Strategy Spotlight 8.3 in the textbook.Which generic strategy most closely represents theirs?

Which of the following is not one of the reasons a company might launch new competitive actions?

Founded in 1995,Under Armour,Inc.sells undershirts and other athletic gear using moisture-wicking fabric for sweaty sports.By 2016,it reached the number two athletic clothing firm spot with over 4.5 billion in sales.It used which new entry strategy in 2005?

Which of the following is the most important resource for a start-up activity?

Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derived most of their profits from extended warranties.According to the Stalk and Lachenauer book,this is an example of the strategy to

________ is the process of identifying,selecting,and developing new venture opportunities.

The new entry strategy that a firm chooses is dependent upon the ________ and the ________ of the new business concept.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's Tangible Resources

Business-level Strategy: Creating and Sustaining Competitive Advantages

Corporate-level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

The new entry strategy that a firm chooses is dependent upon the and the of the new business concept.