Dealing with competition - MCQs with answers - Part 2

Dealing with competition - MCQs with answers - Part 2

Analyzing competitors

1. After company identifies primary competitors, it must look out for

a) Strategies
b) Objectives
c) Strengths and weaknesses
d) All of the above

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2. In a strategic group

a) A group of companies follows same strategies in a specified market
b) A group of companies follows different strategies in a specified market
c) A group of companies follows same strategies in different target markets
d) None of the above

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3. In the concept of red ocean thinking,

a) Firms aggressively compete with each other on basis of incremental improvement in quality
b) Firms aggressively compete with each other on basis of incremental improvement in cost
c) Firms aggressively compete with each other on basis of incremental improvement in quality, cost or both
d) Firms don't compete with each other

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4. Blue-ocean thinking focus on

a) Creating services and products for which they are no direct peers
b) Creating services and products in a competitive market
c) Following the leaders
d) None of the above

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5. Most of the U.S firms function on a ________________ due to the stock market pressures.

a) Market-share maximization model
b) Short-term profit maximization model
c) Long-term profit maximization model
d) None of the above

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6. Japanese firms largely operate on a_____________

a) Market-share maximization model
b) Short-term profit maximization model
c) Long-term profit maximization model
d) None of the above

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7. Blue ocean strategy is based on

a) Formulation principles
b) Execution principles
c) Both a & b
d) None of the above

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8. Execution Principle in Blue Ocean strategy focuses on

a) Overcoming key organizational hurdles
b) Extending demand
c) Focusing on big picture
d) Reconstructing market boundaries

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9. Formulation Principle in Blue Ocean Strategy focuses on

a) Extending demand
b) Focusing on big picture
c) Reconstructing market boundaries
d) All of the above

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10. There is a need for competitor to assess ____________ variable for analyzing peers.

a) Share of market
b) Share of mind
c) Share of heart
d) All of the above

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