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Exam 10: Competitive Rivalry & Competitive Dynamics

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Question 1

True/False

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Competitive rivalry is the contest to be the first mover in an international market.

A) True
B) False

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Question 2

Multiple Choice

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Multimarket competition occurs when firms:

A) Sell different products to the same customer
B) Have a high level of awareness of their competitors' strategic intent
C) Simultaneously enter into an attack strategy
D) Compete against each other in several geographic or product markets

E) None of the above
F) A) and D)

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D

Question 3

Multiple Choice

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Which of the following will enable a firm to be competitive even if there is a lack of top management commitment and employee involvement?

A tactical competitive action involves a significant commitment of specific and distinctive organizational resources.

It is much easier for a competitor to implement strategic actions than tactical actions.

Intensified rivalry within an industry results in decreased average profitability for the firms within it.

Identify the four types of business-level cooperative strategies and the advantages and disadvantages of each.

The two primary drivers of hypercompetition are the emergence of the global economy and technology.

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

The global airline industry is one in which:

To be a first mover,the firm must have readily available resources to invest in R&D as well as to rapidly and successfully produce and market a stream of innovative products.

First movers are:

How do financial statements help us determine whether or not a firm holds a sustainable competitive advantage in the marketplace?

Under what conditions does it make sense to cooperate with one or more other companies?

Firms with high market commonality and highly similar resources are direct and mutually acknowledged competitors.

Which of the following would not be considered an initial set of actions to gain competitive advantage:

What are the advantages and disadvantages of being a first mover,second mover,and late mover?

Being a first mover in an industry or market guarantees that a company will develop a sustainable strategic position.

Often,successful imitation of the first mover's innovations allows the second mover to avoid the mistakes and major investments of the first mover.

First movers can gain a sustained competitive advantage when they reduce their costs through reverse engineering.