Question 1

Forbearance is a particularly aggressive type of competitive attack.

Accepted Answer

A) True 
 B)False

Question 2

Most entrepreneurial firms first seek financing from venture capitalists in order to begin activity.

Accepted Answer

A) True 
 B)False

Question 3

Co-opetition,where competitors work together behind the scenes,is a form of illegal tacit collusion.

Accepted Answer

A) True 
 B)False

Question 4

Intense rivalry involving actions and responses among similar competitors vying for the same customers in a marketplace is known as

Accepted Answer

A)   competitive dynamics.
B)   resource similarity.
C)   threat of substitutes.
D)   pioneering new entry.E) A) and B)
F) B) and D)

Question 5

Which of the below best describes the competitive tendencies of small firms?

Accepted Answer

A)   Small firms tend to signal their competitive actions long before they launch those actions, because they lack legitimacy in the marketplace.
B)   Small firms typically have more resources available as they undertake competitive attacks than do large firms.
C)   Small firms are more nimble and can respond quickly to competitive attacks.
D)   Small firms are more nimble and cannot respond quickly to competitive attacks.E) None of the above
F) B) and C)

Question 6

Unilever has taken a dominant position (65 percent market share) in the Vietnamese laundry detergent market by employing an investment and marketing campaign that decimated the market position of the local,incumbent competitors.According to the Stalk and Lachenauer book,this is an example of ________________ strategy.

Accepted Answer

A)   plagiarize with pride
B)   deceive the competition
C)   raise competitor costs
D)   unleash massive and overwhelming forceE) B) and C)
F) All of the above

Question 7

The cycle of actions and reactions that occur in daily business leads to new value creation and ongoing advancement of economic well-being.

Accepted Answer

A) True 
 B)False

Question 8

Small Business Administration and government regulations prohibit small businesses from bidding on government contracts.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not a primary source of financing for entrepreneurial start-ups?

Accepted Answer

A)   investments by family and friends
B)   public equity
C)   private investors
D)   personal savingsE) A) and D)
F) All of the above

Question 10

In the context of competitive dynamics,tactical actions involve major commitments of distinctive and specific resources to strategic initiatives.

Accepted Answer

A) True 
 B)False

Question 11

Tuft and Needle is a low-cost bed mattress manufacturer that finds it difficult to overcome competition using an overall cost leadership strategy.

Accepted Answer

A) True 
 B)False

Question 12

Competitive dynamics of the rivalry among similar competitors can alter company strategy.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is NOT one of the characteristics of an entrepreneurial opportunity?

Accepted Answer

A)   affordable
B)   attractive
C)   achievable
D)   value creatingE) C) and D)
F) A) and B)

Question 14

The U.S.Small Business Administration supports small business through all of the following except

Accepted Answer

A)   government contracting.
B)   investing venture capital.
C)   underwriting loans.
D)   training and counseling.E) A) and C)
F) B) and D)

Question 15

When launching a new venture,finding a way to begin doing business must ___________ generate cash flow,build credibility,attract good employees,and overcome the liability of newness.

Accepted Answer

A)   slowly
B)   quickly
C)   steadily
D)   painlesslyE) A) and C)
F) All of the above

Exam 8: Entrepreneurial Strategy and Competitive Dynamics

In the context of competitive dynamics,tactical actions involve major commitments of distinctive and specific resources to strategic initiatives.

Correct Answer
verified

The cycle of actions and reactions that occur in daily business leads to new value creation and ongoing advancement of economic well-being.

Correct Answer
verified

Intense rivalry involving actions and responses among similar competitors vying for the same customers in a marketplace is known as

Correct Answer
verified

Which of the following is NOT one of the characteristics of an entrepreneurial opportunity?

Correct Answer
verified

Most entrepreneurial firms first seek financing from venture capitalists in order to begin activity.

Correct Answer
verified

Which of the below best describes the competitive tendencies of small firms?

Correct Answer
verified

Small Business Administration and government regulations prohibit small businesses from bidding on government contracts.

Correct Answer
verified

Competitive dynamics of the rivalry among similar competitors can alter company strategy.

Correct Answer
verified

Correct Answer
verified

Forbearance is a particularly aggressive type of competitive attack.

Correct Answer
verified

When launching a new venture,finding a way to begin doing business must ___________ generate cash flow,build credibility,attract good employees,and overcome the liability of newness.

Correct Answer
verified

The U.S.Small Business Administration supports small business through all of the following except

Correct Answer
verified

Co-opetition,where competitors work together behind the scenes,is a form of illegal tacit collusion.

Correct Answer
verified

Tuft and Needle is a low-cost bed mattress manufacturer that finds it difficult to overcome competition using an overall cost leadership strategy.

Correct Answer
verified

Which of the following is not a primary source of financing for entrepreneurial start-ups?

Correct Answer
verified

Exam 8: Entrepreneurial Strategy and Competitive Dynamics

In the context of competitive dynamics,tactical actions involve major commitments of distinctive and specific resources to strategic initiatives.

Correct AnswerverifiedShow Answer

The cycle of actions and reactions that occur in daily business leads to new value creation and ongoing advancement of economic well-being.

Correct AnswerverifiedShow Answer

Intense rivalry involving actions and responses among similar competitors vying for the same customers in a marketplace is known as

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the characteristics of an entrepreneurial opportunity?

Correct AnswerverifiedShow Answer

Most entrepreneurial firms first seek financing from venture capitalists in order to begin activity.

Correct AnswerverifiedShow Answer

Which of the below best describes the competitive tendencies of small firms?

Correct AnswerverifiedShow Answer

Small Business Administration and government regulations prohibit small businesses from bidding on government contracts.

Correct AnswerverifiedShow Answer

Competitive dynamics of the rivalry among similar competitors can alter company strategy.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Forbearance is a particularly aggressive type of competitive attack.

Correct AnswerverifiedShow Answer

When launching a new venture,finding a way to begin doing business must ___________ generate cash flow,build credibility,attract good employees,and overcome the liability of newness.

Correct AnswerverifiedShow Answer

The U.S.Small Business Administration supports small business through all of the following except

Correct AnswerverifiedShow Answer

Co-opetition,where competitors work together behind the scenes,is a form of illegal tacit collusion.

Correct AnswerverifiedShow Answer

Tuft and Needle is a low-cost bed mattress manufacturer that finds it difficult to overcome competition using an overall cost leadership strategy.

Correct AnswerverifiedShow Answer

Which of the following is not a primary source of financing for entrepreneurial start-ups?

Correct AnswerverifiedShow Answer

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