University of North Dakota MGMT 475 Quiz 5 1)Which of the following is true of Walmart? Bubble-Up, Inc

University of North Dakota

MGMT 475

Quiz 5

1)Which of the following is true of Walmart?

2. 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?
3. 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.
4. An organization's loyalty to its own product is a competitive disadvantage in a(n)                                     market.

5. Which of the following organizations has the highest market dependence?
6. Competitive dynamics refers to the:
7. Reverse engineering is characteristic of:
8. Late movers are those firms that:
9. Which of the following companies committed significant resources to enter the information service market and, given its success, was imitated by other competitors?
10. Which of the following statements is false?
11. Competitive rivalry has more effect on a firm's                         strategies than the firm's other strategies.
12. The flat-panel television market where prices have come down and competition has become more stable is best characterized as:
13. Research suggests that a firm with greater multimarket contact is                      likely to initiate an attack, but                                               likely to respond aggressively when attacked.
14. 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:
15. Firms with few competitive resources are more likely to:
16. Without quality, the firm's products: