FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 8: Entrepreneurial Strategy and Competitive Dynamics

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 21

Multiple Choice

Review LaterAdd Note

Review Later

Which of the following is not a factor that makes it more difficult for new ventures to be successful as differentiators?

A) The strategy is thought to be expensive to put into action.
B) Establishing a brand,important to a differentiation strategy,is thought to be expensive.
C) Superior innovation is often very costly.
D) Customer service is often costly,but it does not affect a differentiation strategy.

E) None of the above
F) A) and C)

Correct Answer

verified

Show Answer

Question 22

True/False

Review LaterAdd Note

Review Later

When attacked,older and larger firms tend to respond more quickly,but their responses are often more predictable.

A) True
B) False

Correct Answer

verified

Show Answer

Question 23

Multiple Choice

Review LaterAdd Note

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

Which of the following statements about venture capital is false?

Amazon is an example of a company that used the differentiation strategy to enter the market.The differentiation features included

New entry is among the most common reasons why a cycle of competitive actions and reactions gets started among similar competitors.

Generally speaking the opportunity recognition process consists of two phases of activity.They are ________ and ________.

When a company chooses to use guerrilla marketing,it is using a ________ competitive action.

Running Press launched the Miniature Editions line of books in 1993.Today it has sold over 20 million copies.Which of the following most closely represents their strategy?

TOMS Shoes generates interest in its products without a large advertising budget.It uses a Facebook page to create buzz.This is an example of a

The Wall Street Journal and New York Times have seen the intensity of their rivalry increase.One factor driving this is that The Wall Street Journal has moved from financial news reporting to general national and global news reporting and finally,to adding local New York news.The rivalry of these two news providers has increased due to

A small firm may be unable to mount a serious attack due to lack of resources.As a result,it is more likely to react to ________ actions,such as incentive pricing or enhanced service offerings,because they are less costly to attack than large-scale strategic actions.

Opportunity recognition is the process of identifying and selecting entrepreneurial opportunities.It does not involve the development of those ideas.

What are competitive dynamics and how does this explain why strategies evolve in response to actions of close competitors?

Southwest Airlines began its no frills,no meals strategy in the late 1960s as a direct assault on the major carriers of the day.What type of competitive action does this represent?

According to the text,for an entrepreneurial start-up to be successful,three ingredients are critical.What are they?

Discuss the phases of activity involved in the opportunity recognition process that lead to viable new venture opportunities.Explain how this is more than identifying ideas.

Spanx,the footless pantyhose and other undergarments for women company was founded in 2000.It combined nylon and Lycra to create a new type of undergarment that is comfortable and eliminates panty lines.It now produces over 200 products,generating over 250 million USD in annual sales.It used which new entry strategy in 2005?

A focus strategy must not include elements of differentiation and overall cost leadership in order to be successful.

Strategic competitive actions include all the following except