Exam 11: Competitive Strategy

An organization watches it rivals closely and chooses actions that mimic what its rivals are doing.This is an example of a _____.

Any factor that increases the costs, lowers the profit margins, or limits the market share of entrants to a market is called a(n) _____.

A company wants to form the foundation of a competitive strategy.It decides to assess its strengths and weaknesses.In this case, the company should first assess its _____.

Nash equilibrium is represented by a set of moves in a game that:

A researcher wants to study an organization that strives at achieving the best outcome and ensures that the outcome is stable.In this case, the organization has developed the concept of _____.

An organization has few rivals in the industry.These rivals are considering such moves as price changes, capacity adjustments, or new product features.Which of the following will help the organization predict the strategic actions most likely to be taken by its rivals?

An automobile manufacturing firm has dominated its market by consistently releasing automobile upgrades and enhancements.Which of the following is being exemplified in this case?

Which of the following statements is true about an infinitely repeated game?

An insurance company has procured all the capacity available in its market for $100 million.Thus, the company has placed a lock on the resources that other firms may require to develop their products.Which of the following is being exemplified in this case?

Lucy, a researcher, wants to identify the main differences in different healthcare firms competing to deliver value.She studies the relative price, product line breadth, and geographic placement to identify the differences.Which of the following is Lucy likely to rely on to identify how the firms compete?