Question : 71) Chance events play a role in shaping the competitive : 1353500

71) Chance events play a role in shaping the competitive environment. Chance events are occurrences which include all but one of the following:

A) major technological breakthroughs.

B) wars and their aftermath.

C) oil crisis.

D) currency fluctuations.

E) annual business meeting.

72) Del Vecchio, the Italian entrepreneur’s business principles include all but one of the following:

A) “Made in Italy” is important.

B) Must cut costs to keep production at home.

C) Invest in automation.

D) Hire qualified personnel.

E) Invest in Robots, not workers.

73) The ________ framework was developed by Professor Richard D’Aveni to describe a business environment in which no form of competitive advantage can be sustained for long because of escalating and accelerating competitive forces.

A) five forces model

B) generic strategies

C) strategic intent

D) hypercompetition

E) factor conditions

74) The characteristics of home demand for a firm’s products or services include all but one of the following:

A) the composition of home demand.

B) the size of the home demand.

C) pattern of the growth of the home demand.

D) means by which the home demand pushes or pulls foreign markets.

E) the size of the competitors share of the home demand.

75) In the global watch industry, the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland. In the strategic framework known as hypercompetition, Swatch’s success is an example of interactions in which arena?

A) cost/quality

B) timing and know how

C) entry barriers

D) deep pockets

E) sporting events

76) According to strategy expert Richard D’Aveni, the actions taken by Swatch in the global watch industry illustrate hypercompetitive dynamic maneuvering in which arena?

A) cost/quality

B) timing and know-how

C) entry barriers

D) deep pockets

E) Olympics

77) The country with the highest number of companies with Global Competitive Advantage is:

A) the United Kingdom.

B) the United States.

C) Japan.

D) France.

E) Germany.

78) Which of the following is not one of the four arenas in which dynamic strategic interactions are played out in hypercompetitive industries?

A) cost/quality

B) timing and know-how

C) entry barriers

D) deep pockets

E) buyer and supplier power

79) According to the hypercompetition model of competitive advantage, which of the following allows the firm to create an entirely new product or market?

A) know-how advantage

B) timing advantage

C) outflanking

D) switching costs

E) countermoves

80) The visionary strategy of the Chief Executive Officer of Volkswagen which included switching the German plants entirely to the new model, failed due to all but one of the following reasons:

A) resistance on the part of German unions.

B) confusion among American dealers about where it was made.

C) investment of billions of dollars in Skoda autoworks in Czechoslovakia.

D) investment in SEAT in Spain.

E) continued demand for Beetle model in the United States.