OIM 210 Practice Quiz 1 with Questions and Answers

OIM 210 Practice Quiz 1 with Questions and Answers The _____ problem exists when rivals watch a pioneer's efforts, learn from their successes and missteps, and then enter the market quickly with a comparable or superior product at a lower cost. Select one: a. late entrant b. early starter c. first mover d. intellectual property e. fast follower ANSWER e _____ refers to performing different tasks than rivals or the same tasks in a different way. Select one: a. Straddling b. Operational effectiveness c. Strategic positioning d. Vertical integration e. Scale advantage ANSWER c A firm is said to be _____ when it attempts to match the benefits of a successful position while maintaining its existing position. Select one: a. switching b. straddling