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Exam 11: Managing Global Competitive Dynamics

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Question 41

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An industry without a price leader makes it easier for firms in that industry to form collusions.

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Question 42

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A thrust on rivals' core markets likely to result in a bloody price war is referred to as _____.

A)  a red ocean 
B)  a blue ocean 
C)  mutual forbearance 
D)  cross-market retaliation

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Question 43

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_____ refers to price setting at a level higher than the competitive level by monopolists.

Combining resource similarity and market commonality helps yield a framework of competitor analysis for any pair of rivals.

Explain how firms signal their intention to cooperate with their rivals in order to reduce competitive intensity.

A low degree of market commonality suggests that if a firm attacks in one market,its rivals may engage in cross-market retaliation.

The act of setting prices below cost to eliminate rivals while intending to raise them in the long run to make up for the initial losses is known as _____.

The International Trade Administration investigates antidumping cases in the United States.

_____ strategy centers on leveraging home-grown competencies abroad.

_____ is defined as the extent to which a given competitor possesses strategic endowment comparable,in terms of both type and amount,to those of the focal firm.

_____ determines the institutional mix of competition and cooperation that gives rise to the market system and also seeks to balance efficiency and fairness.

Price leader is a firm that sets the highest price in the industry.

Blue ocean strategy focuses on _____.

The United States has the world's oldest antitrust frameworks dating back to the 1890 Sherman Act.

Dumping is defined as a(n) _____.

Blue ocean strategy focuses on attacking core markets defended by rivals.

Mutual forbearance is a type of _____.

The process of anticipating rivals' actions in order to both revise a firm's plan and prepare to deal with rivals' response is called _____.