Question 1

An extender strategy is being used when local firms engage in rapid learning to approach the capabilities of the MNEs and then expand overseas.

Accepted Answer

A) True 
 B)False

Question 2

In some of the discussions of strategy.It was suggested that a firm might attempt to mislead a rival as to the firm's true objective (i.e. ,feint).Is that unethical? Explain.

Accepted Answer

The answer of In some of the discussions of strategy.It...

Question 3

Which of the following is not a legal means of signaling?

Accepted Answer

A)  Strategic alliances. 
B)  Direct discussion of reduced rivalry with competitors. 
C)  Truce seeking. 
D)  Communication via governments.

Question 4

Which of the following are least likely to result in collusion?

Accepted Answer

A)  High concentration ratio. 
B)  Heterogeneous products. 
C)  High entry barriers. 
D)  Presence of an industry price leader.

Question 5

​To make an attack more likely to succeed,a firm needs to:

Accepted Answer

A)  ​Make sure the rival is aware of the attack. 
B)  ​Attack only strong rivals. 
C)  ​Follow a blue ocean strategy. 
D)  ​Go after rivals' core markets.

Question 6

The main types of attack include:

Accepted Answer

A)  Defender. 
B)  Dodger. 
C)  Gambit. 
D)  Mutual forbearance.

Question 7

​Which of the following can be considered a form of "dumping"?

Accepted Answer

A)  ​Selling a product "below cost." 
B)  ​Coupons. 
C)  ​Putting backlog of inventory on the market. 
D)  ​All of the above.

Question 8

Which of the following is NOT one of the major influences in antitrust law in the United States?

Accepted Answer

A)  ​Sherman Act of 1890. 
B)  ​Clayton Act of 1914. 
C)  ​Glass-Steagall Act of 1934. 
D)  ​Hart-Scott-Rodino Act of 1976.

Question 9

In the interest of maintaining high standards for international trade,the U.S.has at various times attempted to legislate the behavior of U.S.based companies.It has even at times tried to apply U.S.standards to those from other countries.Does this make sense to you?

Accepted Answer

The answer of In the interest of maintaining high standards...

Question 10

Strategy involves planning for actions rather than reactions or interaction.

Accepted Answer

A) True 
 B)False

Question 11

​Which of the following factors is not involved in determining whether an industry is conducive for collusion?

Accepted Answer

A)  ​Concentration ratio. 
B)  ​Homogeneity of products. 
C)  ​Game theory. 
D)  ​Entry barriers.

Question 12

​When faced with a competitor that could take away a firm's current customers,the firm should immediately launch a price war.

Accepted Answer

A) True 
 B)False

Question 13

​Anticompetitive actions can easily be distinguished from competitive actions.

Accepted Answer

A) True 
 B)False

Question 14

Bargaining can take place through signals and actions.

Accepted Answer

A) True 
 B)False

Question 15

Antitrust laws were mostly created primarily in response to the realities of domestic competition.​

Accepted Answer

A) True 
 B)False

Question 16

A firm's attack on a focal arena important to a competitor,but not the attacker's true target area,is referred to as:

Accepted Answer

A)  Thrust. 
B)  Feint. 
C)  Gambit. 
D)  Miscalculation.

Question 17

Cross-market retaliation:

Accepted Answer

A)  Seldom occurs among rivals. 
B)  Occurs in markets where rivals have little overlap. 
C)  Is more common in situations with greater market commonality. 
D)  None of the above.

Question 18

Under antitrust law,a company can be in trouble for setting prices too high but not for setting them too low.

Accepted Answer

A) True 
 B)False

Question 19

​For MNEs,initial dominance means that they will be able to stay on top in a given market.

Accepted Answer

A) True 
 B)False

Question 20

If the attacked market is of marginal value,managers may decide not to counterattack.

Accepted Answer

A) True 
 B)False

Exam 8: Managing Global Competitive Dynamics

An extender strategy is being used when local firms engage in rapid learning to approach the capabilities of the MNEs and then expand overseas.

In some of the discussions of strategy.It was suggested that a firm might attempt to mislead a rival as to the firm's true objective (i.e. ,feint).Is that unethical? Explain.

Which of the following is not a legal means of signaling?

Which of the following are least likely to result in collusion?

​To make an attack more likely to succeed,a firm needs to:

The main types of attack include:

​Which of the following can be considered a form of "dumping"?

Which of the following is NOT one of the major influences in antitrust law in the United States?

In the interest of maintaining high standards for international trade,the U.S.has at various times attempted to legislate the behavior of U.S.based companies.It has even at times tried to apply U.S.standards to those from other countries.Does this make sense to you?

Strategy involves planning for actions rather than reactions or interaction.

​Which of the following factors is not involved in determining whether an industry is conducive for collusion?

​When faced with a competitor that could take away a firm's current customers,the firm should immediately launch a price war.

​Anticompetitive actions can easily be distinguished from competitive actions.

Bargaining can take place through signals and actions.

Antitrust laws were mostly created primarily in response to the realities of domestic competition.​

A firm's attack on a focal arena important to a competitor,but not the attacker's true target area,is referred to as:

Cross-market retaliation:

Under antitrust law,a company can be in trouble for setting prices too high but not for setting them too low.

​For MNEs,initial dominance means that they will be able to stay on top in a given market.

If the attacked market is of marginal value,managers may decide not to counterattack.

To make an attack more likely to succeed,a firm needs to:

Which of the following can be considered a form of "dumping"?

Which of the following factors is not involved in determining whether an industry is conducive for collusion?

When faced with a competitor that could take away a firm's current customers,the firm should immediately launch a price war.

Anticompetitive actions can easily be distinguished from competitive actions.

Antitrust laws were mostly created primarily in response to the realities of domestic competition.

For MNEs,initial dominance means that they will be able to stay on top in a given market.