Question 1

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. Organizational structure.
b. Use of stealth attacks.
c. Rapid responses, and willingness to answer challenges.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Which of the following will enable a...

Question 2

Explicit collusion is exemplified by:
a. Cartels.
b. Trusts.
c. Users of game theory.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Explicit collusion is exemplified by:
a. Cartels.
b. Trusts.
c....

Question 3

Which is true of strategy?
a. Business strategy has similarities with military strategy.
b. Military principles cannot be completely applied in business.
c. Militaries fight over territories, waters, and air spaces, firms compete in markets.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Which is true of strategy?
a. Business strategy...

Question 4

A firm's attack on a focal arena important to a competitor, but not the attacker's true target area, is referred to as:
a. Thrust.
b. Feint.
c. Gambit.
d. Miscalculation.
e. Practice attack.

Accepted Answer

The answer of A firm's attack on a focal arena...

Question 5

Which is not true concerning US anti trust policy today?
a. Legislation has legally permitted rivals to join hands in research and development R&D).
b. There is increased permissiveness regarding mergers among rivals.
c. Clarity of policy has improved.
d. The legal standards for interfirm cooperation are no longer ambiguous in the United States.
e. The legal standards for interfirm cooperation are ambiguous in many other countries.

Accepted Answer

The answer of Which is not true concerning US anti...

Question 6

"The extent to which a given competitor possesses strategic endowment comparable, in terms of both type and amount, to those of the focal firm" refers to similarity of:
a. Strategy.
b. Resources.
c. Markets.
d. Industry.
e. Economic environment.

Accepted Answer

The answer of "The extent to which a given competitor...

Question 7

The three drivers of counterattacks do not include:
a. Awareness.
b. Motivation.
c. Capability.
d. B and C above.
e. Vengeance.

Accepted Answer

The answer of The three drivers of counterattacks do not...

Question 8

Which of the following would not be considered an initial set of actions to gain competitive advantage:
a. Price cuts.
b. Advertising campaigns.
c. Market entries.
d. Counterattacks.
e. New product introductions.

Accepted Answer

The answer of Which of the following would not be...

Question 9

Firm A may be more successful in imitating Firm B if Firm B:
a. Is competitively aggressive.
b. Carries out complex actions.
c. Uses difficult to execute maneuvers.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Firm A may be more successful in...

Question 10

Issues affecting collaboration include:
a. Secrecy.
b. Exclusivity.
c. Informality.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Issues affecting collaboration include:
a. Secrecy.
b. Exclusivity.
c. Informality.
d....

Question 11

Which of the following are least likely to result in collusion?
a. High concentration ratio.
b. Heterogeneous products.
c. High entry barriers.
d. High market commonality.
e. Industry price leader exists.

Accepted Answer

The answer of Which of the following are least likely...

Question 12

The text points out that modern ideas of strategy, pioneered by Michael Porter, have turned IO economics "on its head." While IO economics attempts to prevent any firm from gaining sustained competitive advantage, the very purpose of strategy is to gain a sustainable advantage. Is that good or bad?

Accepted Answer

The answer of The text points out that modern ideas...

Question 13

Dumping involves selling something below cost. Using what you have learned in accounting or economics or perhaps by talking to someone familiar with these courses) point out why it might sometimes be difficult to prove that a firm is selling below cost.

Accepted Answer

The answer of Dumping involves selling something below cost. Using...

Question 14

In developing a strategy regarding competition or cooperation, it would be useful to not:
a. Understand the nature of your industry.
b. Strengthen capabilities that more effectively compete and/or cooperate.
c. Understand the rules of the game governing competition.
d. "Look ahead, reason back
e. All of the above.

Accepted Answer

The answer of In developing a strategy regarding competition or...

Question 15

The main types of attack include:
a. Thrust.
b. Feint.
c. Gambit.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of The main types of attack include:
a. Thrust.
b....

Question 16

Which of the following aspects of U.S. competition/antitrust policy has been opposed by the EU?
a. Collusive price setting.
b. Predatory pricing.
c. Extraterritoriality.
d. Court decisions.
e. Changes in policy.

Accepted Answer

The answer of Which of the following aspects of U.S....

Question 17

Which of the following is not a legal means of signaling?
a. Nonaggression or fat cat.
b. Direct discussion of reduced rivalry with competitors.
c. Truce seeking.
d. Communication via governments.
e. Strategic alliances.

Accepted Answer

The answer of Which of the following is not a...

Question 18

Cartels:
a. Involvecollusion.
b. Are often outlawed.
c. A and B above.
d. Entail the "prisoner's dilemma for participants.
e. All of the above.

Accepted Answer

The answer of Cartels:
a. Involvecollusion.
b. Are often outlawed.
c. A and...

Question 19

Industry-based considerations regarding strategy:
a. Focus on the nature of collusion.
b. Deal with the relationship between industry structures and firms' propensity to collude.
c. Deal with the relationship between industry structures and firms' propensity to collude to competing.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Industry-based considerations regarding strategy:
a. Focus on the...

Question 20

Dumping is defined as:
a. Shipping hazardous waste to locations in other countries.
b. An exporter selling below cost abroad.
c. Unloading unsold inventory from the US in other countries.
d. Excessive criticism of international rivals.
e. Getting rid of unprofitable operations.

Accepted Answer

The answer of Dumping is defined as:
a. Shipping hazardous waste...

Quiz 8: Managing Global Competitive Dynamics

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. Organizational structure. b. Use of stealth attacks. c. Rapid responses, and willingness to answer challenges. d. All of the above. e. None of the above.

Explicit collusion is exemplified by: a. Cartels. b. Trusts. c. Users of game theory. d. All of the above. e. None of the above.

Which is true of strategy? a. Business strategy has similarities with military strategy. b. Military principles cannot be completely applied in business. c. Militaries fight over territories, waters, and air spaces, firms compete in markets. d. All of the above. e. None of the above.

A firm's attack on a focal arena important to a competitor, but not the attacker's true target area, is referred to as: a. Thrust. b. Feint. c. Gambit. d. Miscalculation. e. Practice attack.

"The extent to which a given competitor possesses strategic endowment comparable, in terms of both type and amount, to those of the focal firm" refers to similarity of: a. Strategy. b. Resources. c. Markets. d. Industry. e. Economic environment.

The three drivers of counterattacks do not include: a. Awareness. b. Motivation. c. Capability. d. B and C above. e. Vengeance.

Which of the following would not be considered an initial set of actions to gain competitive advantage: a. Price cuts. b. Advertising campaigns. c. Market entries. d. Counterattacks. e. New product introductions.

Firm A may be more successful in imitating Firm B if Firm B: a. Is competitively aggressive. b. Carries out complex actions. c. Uses difficult to execute maneuvers. d. All of the above. e. None of the above.

Issues affecting collaboration include: a. Secrecy. b. Exclusivity. c. Informality. d. All of the above. e. None of the above.

Which of the following are least likely to result in collusion? a. High concentration ratio. b. Heterogeneous products. c. High entry barriers. d. High market commonality. e. Industry price leader exists.

The text points out that modern ideas of strategy, pioneered by Michael Porter, have turned IO economics "on its head." While IO economics attempts to prevent any firm from gaining sustained competitive advantage, the very purpose of strategy is to gain a sustainable advantage. Is that good or bad?

Dumping involves selling something below cost. Using what you have learned in accounting or economics or perhaps by talking to someone familiar with these courses) point out why it might sometimes be difficult to prove that a firm is selling below cost.

The main types of attack include: a. Thrust. b. Feint. c. Gambit. d. All of the above. e. None of the above.

Which of the following aspects of U.S. competition/antitrust policy has been opposed by the EU? a. Collusive price setting. b. Predatory pricing. c. Extraterritoriality. d. Court decisions. e. Changes in policy.

Which of the following is not a legal means of signaling? a. Nonaggression or fat cat. b. Direct discussion of reduced rivalry with competitors. c. Truce seeking. d. Communication via governments. e. Strategic alliances.

Cartels: a. Involvecollusion. b. Are often outlawed. c. A and B above. d. Entail the "prisoner's dilemma for participants. e. All of the above.

Dumping is defined as: a. Shipping hazardous waste to locations in other countries. b. An exporter selling below cost abroad. c. Unloading unsold inventory from the US in other countries. d. Excessive criticism of international rivals. e. Getting rid of unprofitable operations.