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WEEK 5 Quiz

Authored by Burhan Duran

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University

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WEEK 5 Quiz
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the "New Age of Competition"?

Decrease in competition between firms

Increase in collaboration between firms

Dramatic increase in competitive actions and reactions

Slower decision-making processes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one consequence of the accelerating rate of competition?

Longer time to make decisions

Decrease in the speed of new ideas

Increase in the speed of data and information flow

Fewer competitors in the market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of competition driven by globalization?

Oracle Corporation hiring a detective agency to spy on Microsoft

The rise of Chinese and South Korean manufacturers in the wireless handset industry

Broadcasters facing competition from conventional rivals

P&G spying on a rival in the hair care business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way firms respond to intense competition?

By reducing the number of new products introduced

By engaging in corporate espionage

By slowing down their decision-making processes

By avoiding technological advancements

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one effect of globalization on competition?

Decrease in the number of competitors

Increase in the complexity of organizational functions

Slower response times between firms

Reduced market share for new brands

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a result of globalization?

New competitors entering markets

Increased cooperation between firms

Diverse sets of competitors in new markets

New brand names reaching new customers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one significant change driven by technological advancements?

Decrease in the speed of competitive response

Increase in the cost of information

Greater flexibility in production processes

Reduced importance of knowledge in industries

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