WPC 480 SIMULATION QUESTIONS &
SUCCESS GUIDE EXAM CLEARED 2026.
◍ Competitive rivalry is the contest to be the first mover in an
international market.
a. True
b. False Answer:False
◍ 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 Answer:True
◍ "Competitive dynamics" indicates that firms and their strategic
actions are independent.
a. True
b. False Answer: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.
a. True
b. False Answer:True
◍ Firms with high market commonality and highly similar resources
are direct and mutually acknowledged competitors.
a. True
b. False Answer:True
◍ Market commonality is concerned with the number of markets with
which the firm and a competitor are jointly involved and the degree of
importance of the individual markets to each.
a. True
b. False Answer:True
◍ Coca Cola and PepsiCo compete across a number of products (e.g.,
soft drinks, bottled water) and geographic markets (U.S. and foreign
markets) indicating that both companies have market commonality.
a. True
b. False Answer:True
,◍ Research suggests that a firm with greater multimarket contact is
less likely to initiate an attack, but more likely to respond
aggressively when attacked.
a. True
b. False Answer:True
◍ Extensive market commonality guarantees intense competition in
an industry.
a. True
b. False Answer:False
◍ Bayou Belle Water markets water drawn only from a single artesian
well in Southern Louisiana. It has a loyal following in its region.
Since Bayou Belle markets the water, just as Coca-Cola, Nestle, and
PepsiCo do, Bayou Belle has high resource similarity with these
international firms.
a. True
b. False Answer:False
◍ Two firms, such as Fed Ex and UPS that have similar resources and
common markets would be direct and mutually acknowledged
competitors.
, a. True
b. False Answer:True
◍ Two firms, such as a small local, family-owned Italian restaurant
and Olive Garden share few markets and have little similarity in
resources, but are nonetheless direct and mutually acknowledged
competitors.
a. True
b. False Answer:False
◍ Awareness tends to be greatest when firms have highly similar
resources and compete in multiple markets.
a. True
b. False Answer:True
◍ Under the framework of competitive action and response, "ability"
refers to an attacking or responding firm's knowledge of the
competitive market characteristics.
a. True
b. False Answer:False
SUCCESS GUIDE EXAM CLEARED 2026.
◍ Competitive rivalry is the contest to be the first mover in an
international market.
a. True
b. False Answer:False
◍ 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 Answer:True
◍ "Competitive dynamics" indicates that firms and their strategic
actions are independent.
a. True
b. False Answer: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.
a. True
b. False Answer:True
◍ Firms with high market commonality and highly similar resources
are direct and mutually acknowledged competitors.
a. True
b. False Answer:True
◍ Market commonality is concerned with the number of markets with
which the firm and a competitor are jointly involved and the degree of
importance of the individual markets to each.
a. True
b. False Answer:True
◍ Coca Cola and PepsiCo compete across a number of products (e.g.,
soft drinks, bottled water) and geographic markets (U.S. and foreign
markets) indicating that both companies have market commonality.
a. True
b. False Answer:True
,◍ Research suggests that a firm with greater multimarket contact is
less likely to initiate an attack, but more likely to respond
aggressively when attacked.
a. True
b. False Answer:True
◍ Extensive market commonality guarantees intense competition in
an industry.
a. True
b. False Answer:False
◍ Bayou Belle Water markets water drawn only from a single artesian
well in Southern Louisiana. It has a loyal following in its region.
Since Bayou Belle markets the water, just as Coca-Cola, Nestle, and
PepsiCo do, Bayou Belle has high resource similarity with these
international firms.
a. True
b. False Answer:False
◍ Two firms, such as Fed Ex and UPS that have similar resources and
common markets would be direct and mutually acknowledged
competitors.
, a. True
b. False Answer:True
◍ Two firms, such as a small local, family-owned Italian restaurant
and Olive Garden share few markets and have little similarity in
resources, but are nonetheless direct and mutually acknowledged
competitors.
a. True
b. False Answer:False
◍ Awareness tends to be greatest when firms have highly similar
resources and compete in multiple markets.
a. True
b. False Answer:True
◍ Under the framework of competitive action and response, "ability"
refers to an attacking or responding firm's knowledge of the
competitive market characteristics.
a. True
b. False Answer:False
