CH 11 GBE

_____ 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.

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

Which of the following is a theory that studies the interactions between two parties that compete and/or cooperate with each other?

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 _____.

____ centers on cooperating through joint ventures with MNEs and sell­offs to MNEs.

If a firm is operating in an environment with a high pressure for globalization, which of the following is the most preferred strategy?

_____ is designed to combat monopolies and cartels.

____ is an attack on a competitor's other markets if this competitor attacks a firm's original market.

Which of the following sets of words describes the initial set of actions a firm uses to gain competitive advantage and the other firm's response to it?

Which of the following is defined as the degree of overlap between two rivals’
markets?

____ best suits situations where the pressures to globalize are relatively low, and local firms' strengths lie in a deep understanding of local markets.

A high degree of _____ suggests that if a firm attacks in one market, its rivals may engage in cross­market retaliation.

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

Which of the following industry characteristics contributes to collusion?

____ is the strategy that focuses on a firm engaging in rapid learning and then
expanding overseas.

The price leader’s _____ is defined as sufficient resources possessed to deter and combat defection.

_____ strategy centers on leveraging home­-grown competencies abroad.

A _____ antirust policy would protect established firms that have already invested and nurtured an industry from new entrants.

_____ occurs when firms engage the same rivals in numerous markets.

A price leader is a firm that ____ in the industry.

The American antitrust policy is considered to be _____.

If a firm is operating in an environment that is customized to home market, which of the following is the most preferred strategy?

Which combination of resource similarity and market commonality results in the least intense competition?

Which combination of resource similarity and market commonality results in the most intense competition?

If globalization pressures for a firm are relatively low, and if the firm has skills and assets that are transferable overseas, which of the following is the best strategy for the firm to use?

Dumping is defined as a(n) _____.

"People of the same trade seldom meet together, even for merriment and diversion, but their conversation often ends in a conspiracy against the public." This quote from Adam Smith is referring to which of the following business relationship terms?

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

_____ is defined as a plan to raise prices after eliminating local rivals.

Which of the following industrial characteristics makes a collusion difficult but leads to competition?

Mutual forbearance is a type of _____.

Laws that make it illegal for an exporter to sell goods below cost abroad with the intent to raise prices after eliminating local rivals are called _____ laws.

Blue ocean strategy focuses on _____.

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

The percentage of total industry sales accounted for by the top firms is called: