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Practice Quiz 1 - Strategic Management | MNGT 4800, Exams of Strategic Management

Material Type: Exam; Professor: Mazzei; Class: STRATEGIC MANAGEMENT; Subject: Management; University: Auburn University - Main Campus; Term: Spring 2013;

Typology: Exams

2012/2013

Uploaded on 04/01/2013

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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
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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

b. When firms have highly unsimilar resources c. When firms have similar resources d. When firms have highly similar resources

  1. ____________________ is a Firm’s incentive to take action or respond to competitor’s attack a. Drive b. Motivation c. Incentives d. Desire
  2. ____________________ Relates to each firm’s resources and the flexibility they provide a. Ability b. Flexibility c. Maneuverability d. Expansiveness
  3. What causes a greater delay in the response between the firm and competition? a. Small resource imbalance b. Medium resource imbalance c. Greater resource imbalance d. No resource imbalance
  4. What are the 4 Strategic and Tactical Actions? a. ________________________________________ b. ________________________________________ c. ________________________________________ d. ________________________________________
  5. What are the 2 things that competitors engage in? a. ________________________________________ b. ________________________________________
  6. __________________is the Extent to which firms revenues/profits derived from particular market a. Market Dependence b. Firm Dependence c. Product Dependence d. Revenue Dependence
  7. What are the characteristics of slow-cycle markets? a. ________________________________________
  8. What are the characteristics of fast-cycle markets? a. ________________________________________
  9. What are the characteristics of standard-cycle markets? a. ________________________________________
  10. What are the 3 types of diversification? a. ________________________________________ b. ________________________________________ c. ________________________________________
  11. ____________________ is Value created by units working together exceeds value of same units create working independently a. Teamwork b. Groupwork c. Team Decisions d. Synergy
  12. What are the 7 reasons for acquisitions? a. ________________________________________ b. ________________________________________ c. ________________________________________
  1. ____________________ are Two or more firms develop contractual relationship to share some of their unique resources and capabilities to create advantage a. Joint Firms b. Partnering Firms c. Equity Strategic Alliance d. Nonequity Strategic Alliance
  2. What are the 4 things to identify for international opportunities? a. ________________________________________ b. ________________________________________ c. ________________________________________ d. ________________________________________
  3. What are the 2 strategic competitiveness outcomes? a. ________________________________________ b. ________________________________________
  4. What are the 4 determinants of a national advantage? a. ________________________________________ b. ________________________________________ c. ________________________________________ d. ________________________________________
  5. What are the 2 environmental trends? a. ________________________________________ b. ________________________________________
  6. What are the 2 risks in international environment? a. ________________________________________ b. ________________________________________
  7. True/False Returns do not level off after diversification passes a certain point a. True b. False
  8. What are the 7 things that help acquisitions to succeed? a. ________________________________________ b. ________________________________________ c. ________________________________________ d. ________________________________________ e. ________________________________________ f. ________________________________________ g. ________________________________________
  9. ____________________ is when firms combine their resources and capabilities to create competitive advantage a. Cooperative Strategy b. Strategic Alliance c. Corporate Team-Up d. Cooperative Maximization
  10. ____________________ is a Strategy where firms work together to achieve shared objective a. Cooperative Strategy b. Strategic Alliance c. Corporate Team-Up

d. Cooperative Macimization