Managing Competitive Dynamics Flashcard-8

Front

Cross-market retaliation occurs in markets where rivals have little overlap, seldom occurs among rivals, often leads to tacit collusion, or is more common in situations with greater market commonality?

Back

is more common in situations with greater market commonality.

Front

Which Act or case created the Federal Trade Commission to regulate the behavior of firms? Options: Sherman Act of 1890, Clayton Act of 1914, Standard Oil Case (1911), Aluminum Company of America Case (1945)

Back

Clayton Act of 1914

Front

A higher end car company also operates a low-cost subsidiary to combat low-cost rivals. This is an example of what strategy?

Back

Fighter brand

Front

In essence, strategy is interaction in which:

Back

action and reactions lead to competitive advantage.

Front

In the framework for competitor analysis between two rivals, which of the following would have the highest intensity of rivalry? Low resource similarity and high market commonality, High resource similarity and high market commonality, Low resource similarity and low market commonality, High resource similarity and low market commonality

Back

High resource similarity and low market commonality

Front

A mechanical approach to determining whether antitrust activities are taking place:

Back

has been abandoned.

Front

Cartels:

Back

involve collusion.

Front

Firm A indirectly coordinates a limit on price increases on its products that compete with Firm B’s products. Firm A is engaging in:

Back

tacit collusion.

Front

When considering strategic actions for global competition, the first step for a strategist is to: thoroughly understand the nature of your industry.

Back

thoroughly understand the nature of your industry.

Front

A firm’s ability to attack in multiple markets is a(n):

Back

resource-based consideration.