WorksheetsCompetitive Rivalry 12:30-2
Total questions: 20
Worksheet time: 7mins
A strategic action receives
Strategy implementation
Strategic response
Tactical action
Tactical response
A global economist who conceptualized “first mover”
Joseph Shcumpeter
Joseph Schumpeter
Arnold Shcumppeter
Arnold Schumpeter
Large firms are more likely than small companies to launch competitive actions and tend to do it more quickly.
True
False
It exists when the firm’s goods or services meet or exceed customers’ expectations.
Competitive edge
Strategic action
Quality
First mover
Tactical action/response is a market-based move that is taken to fine-tune a strategy; it involves fewer resources and is relatively ___________________.
Easy to implement and reverse
Easy to implement and hard to reverse
Hard to reverse and implement
Hard to reverse and easy to implement
Firms operating in the same market, offering similar products and targeting similar customers are competitors.
True
False
Competitive rivalry is the set of competitive actions and responses that occur among firms as they maneuver for an advantageous market position.
True
False
Competitive dynamics refers to the:
circumstances in which competitors are aware of the degree of their mutual
interdependence resulting from market commonality and resource similarity.
set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position.
total set of actions and responses taken by all firms competing within a market.
ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position
Multimarket competition occurs when firms:
sell different products to the same customer.
have a high level of awareness of their competitors' strategic intent
simultaneously enter into an attack strategy
compete against each other in several geographic or product markets.
Competitive behavior is the set of competitive actions and responses a firm takes to build or defend its competitive advantages and to improve its market position.
True
False
Firms with high market commonality and highly similar resources are direct and mutually acknowledged competitors
True
False
Market commonality is concerned with the number of markets with which the firm and a competitor are jointly involved and the degree of importance of the individual markets to each.
True
False
Research suggests that a firm with greater multimarket contact is less likely to initiate an attack, but more likely to respond aggressively when attacked.
True
False
In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is:
similar competitive rivalry.
less competitive rivalry.
more competitive rivalry.
no competitive rivalry.
Research suggests that a firm with greater multimarket contact is _____ likely to initiate and attack, and ___ likely to respond aggressively when attacked.
more; more
less; more
less; less
more; less
What is the positive or negative attribute ascribed by one rival to another based on past competitive behavior?
Actor
Reputation
Competitor
Market Dependence
The firm studies responses that a competitor has taken previously when attacked to predict unlikely responses.
True
False
Firms can predict that competitors with ________ market dependence are likely to respond strongly to attacks threatening their market position,
High
Low
Standard
Competitive advantages are sustainable in ___ cycle markets.
Slow
Fast
Standard
What is the extent to which a firm’s revenues or profits are derived from a particular market?
Actor
Reputation
Competitor
Market Dependence
