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University of North Dakota

MGMT 475

Quiz 5

1)Which of the following is true of Walmart?

Bubble-Up, Inc., is a small manufacturer of educational toys for children under age 10. It has co- existed with three other competitors in the educational toy industry for over 20 years, each of them maintaining a stable market share. There is a widespread rumor that Mega-Toy, Inc., the market leader in the broad children's toy market, has decided to target educational toys. Which of the following statements is MOST likely true?
The larger the resources of a firm taking a competitive action compared with the resources of the other firms in the industry, the the response will be of these other firms.
An organization's loyalty to its own product is a competitive disadvantage in a(n) market.

Which of the following organizations has the highest market dependence?
Competitive dynamics refers to the:
Reverse engineering is characteristic of:
Late movers are those firms that:
Which of the following companies committed significant resources to enter the information service market and, given its success, was imitated by other competitors?
Which of the following statements is false?
Competitive rivalry has more effect on a firm's strategies than the firm's other strategies.
The flat-panel television market where prices have come down and competition has become more stable is best characterized as:
Research suggests that a firm with greater multimarket contact is likely to initiate an attack, but likely to respond aggressively when attacked.
The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The key to success is to find your niche and focus on it, regardless of what anyone else does." The CEO:
Firms with few competitive resources are more likely to:
Without quality, the firm's products:

Competition between candy makers (e.g., Hershey, Mars, Cadbury, Nestlé, and Godiva) where firms compete in package design (including package downsizing) and ease of availability is characteristic of a(n):
Both and affect the awareness and motivation of a firm to undertake actions and responses.
Sustained competitive advantage is most achievable in a market.
The competitive actions and responses in markets are designed to seek large market shares, to gain customer loyalty through brand names, and to carefully control the firm's operations in order to consistently provide the same positive experience for customers.

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