Question 1

The characteristics of home demand for a firm's products or services include all but one of the following:

Accepted Answer

A)  the composition of home demand. 
B)  the size of the home demand. 
C)  pattern of the growth of the home demand. 
D)  means by which the home demand pushes or pulls foreign markets. 
E)  the size of the competitors share of the home demand. 
A)  the composition of home demand. 
B)  the size of the home demand. 
C)  pattern of the growth of the home demand. 
D)  means by which the home demand pushes or pulls foreign markets. 
E)  the size of the competitors share of the home demand. E

Question 2

The automobile industry has become fiercely competitive on a global basis.The initial success of foreign automakers in the United States was due to all of the following reasons except:

Accepted Answer

A)  reluctance of U.S. manufacturers to design high-quality cars. 
B)  inability of U.S. manufacturers to manufacture high-quality cars. 
C)  reluctance of U.S. manufacturers to make inexpensive small cars. 
D)  bigger cars meant bigger profits for U.S. manufacturers. 
E)  U.S. manufacturers did not realize drivers' preferences. 
A)  reluctance of U.S. manufacturers to design high-quality cars. 
B)  inability of U.S. manufacturers to manufacture high-quality cars. 
C)  reluctance of U.S. manufacturers to make inexpensive small cars. 
D)  bigger cars meant bigger profits for U.S. manufacturers. 
E)  U.S. manufacturers did not realize drivers' preferences. E

Question 3

Walmart refuses to stock CDs bearing parental advisory stickers for explicit lyrics or violent imagery.Recording artists who want their recordings available at Walmart have the option of altering lyrics and song titles or deleting offending tracks.Likewise,artists are sometimes asked to change album cover art if Walmart deems it offensive.Considering the elements of the five forces model this is an example of:

Accepted Answer

A)  buyer power. 
B)  supplier power. 
C)  threat of new entrants. 
D)  threat of substitute products. 
E)  access to distribution channels. 
A)  buyer power. 
B)  supplier power. 
C)  threat of new entrants. 
D)  threat of substitute products. 
E)  access to distribution channels. A

Question 4

According to Michael Porter's research on the competitive advantage of nations,Switzerland's large synthetic dye industry and the success of the Swiss pharmaceuticals can be explained in terms of:

Accepted Answer

A)  factor conditions. 
B)  demand conditions. 
C)  strategy, structure, and rivalry. 
D)  related and supporting industries. 
E)  formation of the European Union. 
A)  factor conditions. 
B)  demand conditions. 
C)  strategy, structure, and rivalry. 
D)  related and supporting industries. 
E)  formation of the European Union.

Question 5

The development of the MP3 file format for music was accompanied by the increased popularity of peer-to-peer (p-to-p)file swapping among music fans.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not one of the four arenas in which dynamic strategic interactions are played out in hypercompetitive industries?

Accepted Answer

A)  cost/quality 
B)  timing and know-how 
C)  entry barriers 
D)  deep pockets 
E)  buyer and supplier power 
A)  cost/quality 
B)  timing and know-how 
C)  entry barriers 
D)  deep pockets 
E)  buyer and supplier power

Question 7

In the global watch industry,the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland.In the strategic framework known as hypercompetition,Swatch's success is an example of interactions in which arena?

Accepted Answer

A)  cost/quality 
B)  timing and know how 
C)  entry barriers 
D)  deep pockets 
E)  sporting events 
A)  cost/quality 
B)  timing and know how 
C)  entry barriers 
D)  deep pockets 
E)  sporting events

Question 8

Jaguar produced so few cars that it couldn't get volume discounts from components suppliers.Jaguar managers sometimes could not even determine the "fair" price for a particular part.In terms of Porter's competitive forces framework,Jaguar's strategic disadvantage stemmed from low:

Accepted Answer

A)  buyer power. 
B)  supplier power. 
C)  threat of new entrants. 
D)  threat of substitute products. 
E)  access to distribution channels. 
A)  buyer power. 
B)  supplier power. 
C)  threat of new entrants. 
D)  threat of substitute products. 
E)  access to distribution channels.

Question 9

What is hypercompetition? Briefly discuss conditions under which hypercompetition takes place.

Accepted Answer

The term "hypercompetition" is used to d

Question 10

Del Vecchio,the Italian entrepreneur's business principles include all but one of the following:

Accepted Answer

A)  "Made in Italy" is important. 
B)  Must cut costs to keep production at home. 
C)  Invest in automation. 
D)  Hire qualified personnel. 
E)  Invest in Robots, not workers. 
A)  "Made in Italy" is important. 
B)  Must cut costs to keep production at home. 
C)  Invest in automation. 
D)  Hire qualified personnel. 
E)  Invest in Robots, not workers.

Question 11

In Michael Porter's model,"buyers" refers to manufacturers (e.g.,GM)and retailers (e.g.Walmart),rather than consumers.

Accepted Answer

A) True 
 B)False

Question 12

The strong rivalry in the U.S.market between Dell,Gateway,Hewlett-Packard,Apple,and other computer companies has helped make the United States a world leader in personal computers.

Accepted Answer

A) True 
 B)False

Question 13

A useful way of gaining insight into competitors is through industry analysis.

Accepted Answer

A) True 
 B)False

Question 14

Several factors can create intense rivalry among firms.These factors include all of the following factors except:

Accepted Answer

A)  firms focus on market share at the expense of others. 
B)  firms feel pressure due to fixed costs and produce at full capacity. 
C)  lack of differentiation in products and services. 
D)  upward pressure on prices and profitability. 
E)  absence of switching costs for customers. 
A)  firms focus on market share at the expense of others. 
B)  firms feel pressure due to fixed costs and produce at full capacity. 
C)  lack of differentiation in products and services. 
D)  upward pressure on prices and profitability. 
E)  absence of switching costs for customers.

Question 15

Analyzed in terms of Porter's five forces model,Walmart's ability to dictate terms to the music industry is one indication of the retail giant's supplier power.

Accepted Answer

A) True 
 B)False

Question 16

How do chance events play a role in shaping the competitive environment?

Accepted Answer

Chance events are occurrences that are b

Question 17

The key to maintaining competitive advantage,according to Dr.W.E.Deming as well as your textbook authors,is:

Accepted Answer

A)  being committed to constant improvement. 
B)  being first to market with all products. 
C)  outsourcing key components. 
D)  challenging all market leaders. 
E)  stressing low-price advantage in all areas. 
A)  being committed to constant improvement. 
B)  being first to market with all products. 
C)  outsourcing key components. 
D)  challenging all market leaders. 
E)  stressing low-price advantage in all areas.

Question 18

Rugman and D'Cruz have developed an alternative framework to Porter's five forces model.The framework,based on business networks,is called:

Accepted Answer

A)  the differentiation model. 
B)  strategic intent. 
C)  the flagship model. 
D)  the hypercompetition model. 
E)  the Rugman & D'Cruz model. 
A)  the differentiation model. 
B)  strategic intent. 
C)  the flagship model. 
D)  the hypercompetition model. 
E)  the Rugman & D'Cruz model.

Question 19

The country with the highest number of companies with Global Competitive Advantage is:

Accepted Answer

A)  the United Kingdom. 
B)  the United States. 
C)  Japan. 
D)  France. 
E)  Germany. 
A)  the United Kingdom. 
B)  the United States. 
C)  Japan. 
D)  France. 
E)  Germany.

Question 20

Building layers of advantage,searching for loose bricks,changing the rules of competitive engagement,and collaborating are elements of Hamel and Prahalad's framework for:

Accepted Answer

A)  quality advantage. 
B)  positioning. 
C)  competitive innovation. 
D)  marketing management. 
E)  innovation leadership. 
A)  quality advantage. 
B)  positioning. 
C)  competitive innovation. 
D)  marketing management. 
E)  innovation leadership.

The characteristics of home demand for a firm's products or services include all but one of the following:

The automobile industry has become fiercely competitive on a global basis.The initial success of foreign automakers in the United States was due to all of the following reasons except:

According to Michael Porter's research on the competitive advantage of nations,Switzerland's large synthetic dye industry and the success of the Swiss pharmaceuticals can be explained in terms of:

The development of the MP3 file format for music was accompanied by the increased popularity of peer-to-peer (p-to-p)file swapping among music fans.

Which of the following is not one of the four arenas in which dynamic strategic interactions are played out in hypercompetitive industries?

In the global watch industry,the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland.In the strategic framework known as hypercompetition,Swatch's success is an example of interactions in which arena?

Jaguar produced so few cars that it couldn't get volume discounts from components suppliers.Jaguar managers sometimes could not even determine the "fair" price for a particular part.In terms of Porter's competitive forces framework,Jaguar's strategic disadvantage stemmed from low:

What is hypercompetition? Briefly discuss conditions under which hypercompetition takes place.

Del Vecchio,the Italian entrepreneur's business principles include all but one of the following:

In Michael Porter's model,"buyers" refers to manufacturers (e.g.,GM)and retailers (e.g.Walmart),rather than consumers.

The strong rivalry in the U.S.market between Dell,Gateway,Hewlett-Packard,Apple,and other computer companies has helped make the United States a world leader in personal computers.

A useful way of gaining insight into competitors is through industry analysis.

Several factors can create intense rivalry among firms.These factors include all of the following factors except:

Analyzed in terms of Porter's five forces model,Walmart's ability to dictate terms to the music industry is one indication of the retail giant's supplier power.

How do chance events play a role in shaping the competitive environment?

The key to maintaining competitive advantage,according to Dr.W.E.Deming as well as your textbook authors,is:

Rugman and D'Cruz have developed an alternative framework to Porter's five forces model.The framework,based on business networks,is called:

The country with the highest number of companies with Global Competitive Advantage is:

Building layers of advantage,searching for loose bricks,changing the rules of competitive engagement,and collaborating are elements of Hamel and Prahalad's framework for:

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Importing,Exporting,and Sourcing

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Leadership, Organization, and Corporate Social Responsibility

Filters

Exam 16: Strategic Elements of Competitive Advantage

The characteristics of home demand for a firm's products or services include all but one of the following:

The automobile industry has become fiercely competitive on a global basis.The initial success of foreign automakers in the United States was due to all of the following reasons except:

According to Michael Porter's research on the competitive advantage of nations,Switzerland's large synthetic dye industry and the success of the Swiss pharmaceuticals can be explained in terms of:

The development of the MP3 file format for music was accompanied by the increased popularity of peer-to-peer (p-to-p)file swapping among music fans.

Which of the following is not one of the four arenas in which dynamic strategic interactions are played out in hypercompetitive industries?

In the global watch industry,the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland.In the strategic framework known as hypercompetition,Swatch's success is an example of interactions in which arena?

Jaguar produced so few cars that it couldn't get volume discounts from components suppliers.Jaguar managers sometimes could not even determine the "fair" price for a particular part.In terms of Porter's competitive forces framework,Jaguar's strategic disadvantage stemmed from low:

What is hypercompetition? Briefly discuss conditions under which hypercompetition takes place.

Del Vecchio,the Italian entrepreneur's business principles include all but one of the following:

In Michael Porter's model,"buyers" refers to manufacturers (e.g.,GM)and retailers (e.g.Walmart),rather than consumers.

The strong rivalry in the U.S.market between Dell,Gateway,Hewlett-Packard,Apple,and other computer companies has helped make the United States a world leader in personal computers.

A useful way of gaining insight into competitors is through industry analysis.

Several factors can create intense rivalry among firms.These factors include all of the following factors except:

Analyzed in terms of Porter's five forces model,Walmart's ability to dictate terms to the music industry is one indication of the retail giant's supplier power.

How do chance events play a role in shaping the competitive environment?

The key to maintaining competitive advantage,according to Dr.W.E.Deming as well as your textbook authors,is:

Rugman and D'Cruz have developed an alternative framework to Porter's five forces model.The framework,based on business networks,is called:

The country with the highest number of companies with Global Competitive Advantage is:

Building layers of advantage,searching for loose bricks,changing the rules of competitive engagement,and collaborating are elements of Hamel and Prahalad's framework for:

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Importing,Exporting,and Sourcing

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Leadership, Organization, and Corporate Social Responsibility

Filters