Question 1

Competition in an industry tends to drive rates of return on invested capital up towards the level of "perfect competition."

Accepted Answer

A) True 
 B)False  False

Question 2

The rivalry between Dell,Hewlett-Packard,Gateway,Compaq,and Apple forces all the players to undertake all of the following except:

Accepted Answer

A) develop new products. 
B) improve existing products. 
C) lower costs and prices. 
D) develop new technologies. 
E) change the rules of engagement. 
A) develop new products. 
B) improve existing products. 
C) lower costs and prices. 
D) develop new technologies. 
E) change the rules of engagement. E

Question 3

Intel achieved success by using "Intel Inside" advertising campaign and logo that appears on many brands of PCs.This is an example of barrier to entry classified as:

Accepted Answer

A) new capacity. 
B) product differentiation. 
C) competitor response. 
D) new approaches to customer needs. 
E) distribution channels. 
A) new capacity. 
B) product differentiation. 
C) competitor response. 
D) new approaches to customer needs. 
E) distribution channels. B

Question 4

Research by Morgan Stanley indicates that the United States is home to more companies with global competitive advantage than any other country.

Accepted Answer

A) True 
 B)False

Question 5

In the tech world,about 90% of the world's nearly one billion PCs run on Microsoft's operating systems and 80% use Intel's microprocessors.This represents which aspect of the Porter's five forces model?

Accepted Answer

A) bargaining power of suppliers 
B) bargaining power of buyers 
C) threat of substitute products 
D) rivalry among competitors 
E) threat of new entrants 
A) bargaining power of suppliers 
B) bargaining power of buyers 
C) threat of substitute products 
D) rivalry among competitors 
E) threat of new entrants

Question 6

Maytag has been called "the Rolls-Royce of washers and dryers," and it can be said that it has achieved a competitive advantage by means of differentiation.

Accepted Answer

A) True 
 B)False

Question 7

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 8

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 9

There have been considerable changes that have taken effect since Porter presented his theories.One such impact is due to the tremendous technological advancement.In light of these changes,examine what potential impact technology has on some of his theories.

Accepted Answer

With the digital revolution,there are se

Question 10

Apple's success with iPhone prompted Samsung and others to enter the market.This is an example of the "perfect competition."

Accepted Answer

A) True 
 B)False

Question 11

Taiwan's Acer prospered by following founder Stan Shih's strategy of approaching the world computer market from the periphery.By the time Acer was ready to target the United States in earnest,it was already the number one PC brand in key countries in Latin America,Southeast Asia,and the Middle East.This is an example of which component of competitive innovation?

Accepted Answer

A) collaboration 
B) layers of advantage 
C) loose bricks 
D) generic 
E) supplier power 
A) collaboration 
B) layers of advantage 
C) loose bricks 
D) generic 
E) supplier power

Question 12

Dell's factories can assemble a complete PC in 3 minutes.With a build-to-order strategy at the heart of its business model,Dell's sales staff maintains close ties with customers.This approach represents which aspect of the Porter's five forces model?

Accepted Answer

A) rivalry among competitors 
B) bargaining power of buyers 
C) threat of substitute products 
D) threat of new entrants 
E) bargaining power of suppliers 
A) rivalry among competitors 
B) bargaining power of buyers 
C) threat of substitute products 
D) threat of new entrants 
E) bargaining power of suppliers

Question 13

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 14

Rivalry among firms refers to all the actions taken by firms in the industry to improve their positions and gain advantage over each other.

Accepted Answer

A) True 
 B)False

Question 15

Caterpillar's attention was focused elsewhere when Komatsu made its first international entry into the Eastern European Market.Based on the strategic intent framework,this is an example of:

Accepted Answer

A) changing the rules. 
B) collaborating. 
C) comparative advantage. 
D) layers of advantage. 
E) loose bricks. 
A) changing the rules. 
B) collaborating. 
C) comparative advantage. 
D) layers of advantage. 
E) loose bricks.

Question 16

"Hypercompetition" refers to companies that are successful and find sustainable competitive advantages.

Accepted Answer

A) True 
 B)False

Question 17

According to D'Aveni,in today's business environment,short product life cycles,short product design cycles,new technologies,and globalization undermine market stability;thereby an acceleration of competitive forces takes place.

Accepted Answer

A) True 
 B)False

Question 18

Michael Porter's generic strategy framework is derived from the basic types of competitive advantage and the scope of the target market served.

Accepted Answer

A) True 
 B)False

Question 19

Michael Porter's five forces model and Rugman and D'Cruz's flagship model are both based on the concept of corporate individualism.

Accepted Answer

A) True 
 B)False

Question 20

"Factor conditions" refers to a country's endowment with resources which may have been created or inherited.

Accepted Answer

A) True 
 B)False

Competition in an industry tends to drive rates of return on invested capital up towards the level of "perfect competition."

The rivalry between Dell,Hewlett-Packard,Gateway,Compaq,and Apple forces all the players to undertake all of the following except:

Intel achieved success by using "Intel Inside" advertising campaign and logo that appears on many brands of PCs.This is an example of barrier to entry classified as:

Research by Morgan Stanley indicates that the United States is home to more companies with global competitive advantage than any other country.

In the tech world,about 90% of the world's nearly one billion PCs run on Microsoft's operating systems and 80% use Intel's microprocessors.This represents which aspect of the Porter's five forces model?

Maytag has been called "the Rolls-Royce of washers and dryers," and it can be said that it has achieved a competitive advantage by means of differentiation.

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

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.

There have been considerable changes that have taken effect since Porter presented his theories.One such impact is due to the tremendous technological advancement.In light of these changes,examine what potential impact technology has on some of his theories.

Apple's success with iPhone prompted Samsung and others to enter the market.This is an example of the "perfect competition."

Dell's factories can assemble a complete PC in 3 minutes.With a build-to-order strategy at the heart of its business model,Dell's sales staff maintains close ties with customers.This approach represents which aspect of the Porter's five forces model?

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

Rivalry among firms refers to all the actions taken by firms in the industry to improve their positions and gain advantage over each other.

Caterpillar's attention was focused elsewhere when Komatsu made its first international entry into the Eastern European Market.Based on the strategic intent framework,this is an example of:

"Hypercompetition" refers to companies that are successful and find sustainable competitive advantages.

According to D'Aveni,in today's business environment,short product life cycles,short product design cycles,new technologies,and globalization undermine market stability;thereby an acceleration of competitive forces takes place.

Michael Porter's generic strategy framework is derived from the basic types of competitive advantage and the scope of the target market served.

Michael Porter's five forces model and Rugman and D'Cruz's flagship model are both based on the concept of corporate individualism.

"Factor conditions" refers to a country's endowment with resources which may have been created or inherited.

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

Competition in an industry tends to drive rates of return on invested capital up towards the level of "perfect competition."

The rivalry between Dell,Hewlett-Packard,Gateway,Compaq,and Apple forces all the players to undertake all of the following except:

Intel achieved success by using "Intel Inside" advertising campaign and logo that appears on many brands of PCs.This is an example of barrier to entry classified as:

Research by Morgan Stanley indicates that the United States is home to more companies with global competitive advantage than any other country.

In the tech world,about 90% of the world's nearly one billion PCs run on Microsoft's operating systems and 80% use Intel's microprocessors.This represents which aspect of the Porter's five forces model?

Maytag has been called "the Rolls-Royce of washers and dryers," and it can be said that it has achieved a competitive advantage by means of differentiation.

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

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.

There have been considerable changes that have taken effect since Porter presented his theories.One such impact is due to the tremendous technological advancement.In light of these changes,examine what potential impact technology has on some of his theories.

Apple's success with iPhone prompted Samsung and others to enter the market.This is an example of the "perfect competition."

Dell's factories can assemble a complete PC in 3 minutes.With a build-to-order strategy at the heart of its business model,Dell's sales staff maintains close ties with customers.This approach represents which aspect of the Porter's five forces model?

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

Rivalry among firms refers to all the actions taken by firms in the industry to improve their positions and gain advantage over each other.

Caterpillar's attention was focused elsewhere when Komatsu made its first international entry into the Eastern European Market.Based on the strategic intent framework,this is an example of:

"Hypercompetition" refers to companies that are successful and find sustainable competitive advantages.

According to D'Aveni,in today's business environment,short product life cycles,short product design cycles,new technologies,and globalization undermine market stability;thereby an acceleration of competitive forces takes place.

Michael Porter's generic strategy framework is derived from the basic types of competitive advantage and the scope of the target market served.

Michael Porter's five forces model and Rugman and D'Cruz's flagship model are both based on the concept of corporate individualism.

"Factor conditions" refers to a country's endowment with resources which may have been created or inherited.

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