WPC 480 – FINAL EXAM

WPC 480 – FINAL EXAM Firms operating in the same market, offering similar products and targeting similar customers are competitors. a. True b. False True Competitive rivalry is the contest to be the first mover in an international market. a. True b. False False 00:1801:23 Competitive rivalry is the set of competitive actions and responses that occur among firms as they maneuver for an advantageous market position. a. True b. False True "Competitive dynamics" indicates that firms and their strategic actions are independent. a. True b. False False A strategy's success is determined not only by the firm's initial competitive actions but also by how well it anticipates competitors' responses to them and by how well the firm anticipates and responds to its competitors initial actions