Practice Quiz 1:
1) ____________________ are Firms operating in the same market offering similar products, target
similar customer
a. Rivals
b. Nemesis
c. Competitors
d. Enemies
2) ____________________ are Ongoing competitive actions/responses that occur among firms as they
try for advantageous market position
a. Competitive Rivalry
b. Competitor Rivalry
c. Nemesis Rivalry
d. Rival Rivalry
3) ____________________ are the Competitive actions/responses firm takes to build/defend
competitive advantages
a. Rival Behavior
b. Competitor Behavior
c. Nemesis Behavior
d. Competitive Behavior
4) ____________________ firms compete against each other in several markets
a. “Walmart competition”
b. Multimarket Competition
c. Diverse Competition
d. Expansive Competition
5) ____________________ are All competitive behaviors taken by competing firms within market
a. Competitive Dynamics
b. Behavioral Competition
c. Competitive Behavior
d. Competitive Actions
6) What are the 4 steps in the model of competitive rivalry?
a. ________________________________________
b. ________________________________________
c. ________________________________________
d. ________________________________________
7) ____________________ is the Number of markets where firm and competitor jointly involved and
how important individual markets are to each
a. Joint Logistics
b. Market Commonality
c. Market Team-Up
d. Joint Market Production
8) ____________________ are How firm’s tangible and intangible resources are comparable to
competitors
a. Asset Similarity
b. Balance Sheet Similarity
c. Comparable Similarity
d. Resource Similarity
9) ____________________ is the Extent to which competitors recognize degree of mutual
independence
a. Awareness
b. Independence
c. Observation
d. Spectrum
10) When is awareness greatest?
a. When firms have unsimilar resources
