Which of the following is NOT true about competitive dynamics? High market commonality and high resource similarity indicate that the threat is high O When a competitor strikes a new competitive action, you should always respond back as much as you can Tactical actions tend to be involving smaller resource commitments than strategic actions High market dependence suggests that there will be a competitive response from the competitor

Which of the following is NOT true about competitive dynamics? High market commonality and high resource similarity indicate that the threat is high O When a competitor strikes a new competitive action, you should always respond back as much as you can Tactical actions tend to be involving smaller resource commitments than strategic actions High market dependence suggests that there will be a competitive response from the competitor

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 21E

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Similar questions

What are the features of a perfectly competitive market? Give two examples of competitive markets. How could a firm in such a market move to a less competitive market?
A competitive firm O Has the market power to compete effectively. O Confronts a downward-sloping firm demand curve. O Is large enough relative to the market to be taken into account by competitors. OIs a price taker.
Which of the following least likely contributes to market efficiency? Low transaction costs A large number of active market participants Rapid and low-cost access to information Limits to trading All of the above contribute to market efficiency.
Which of the following statements is true about agency efficiency? a. The costs from vertical integration exceed the costs from market exchange at low levels of asset specificity. b. The costs from vertical integration always exceed the costs from market exchange. c. The costs from vertical integration exceed the costs from market exchange at high levels of asset specificity. d. The costs from vertical integration are always less than the costs from market exchange.
Which of the following limits the market from becoming a fully efficient market? New information takes time to process. Obtaining new information is costly. The existence of closed end investment companies. Both a. and b. are correct. All of the above answers are correct. None of the above answers is correct.
Which of the following does not represent a primary motivation for business combinations?a. Combinations are often a vehicle to accelerate growth and competitiveness.b. Cost savings can be achieved through elimination of duplicate facilities and staff.c. Synergies may be available through quick entry for new and existing products into markets.d. Larger firms are less likely to fail.
Which of the following should be used to compute the sales mix so that the break-even computation is meaningful to management in a multiproduct firm? A. The most desirable mix. B. The least desirable mix. C. The expected mix. D. The most profitable mix.
Choose the correct. Which of the following does not represent a primary motivation for business combinations?a. Combinations are often a vehicle to accelerate growth and competitiveness.b. Cost savings can be achieved through elimination of duplicate facilities and staff.c. Synergies may be available through quick entry for new and existing products into markets.d. Larger firms are less likely to fail.
Question-. If a pure monopolist can price discriminate by separating buyers into two or more groups: A. the marginal revenue curve will now shift to a position above the demand curve. B.marginal revenue will become less at each level of output than it would be without price discrimination. C. the firm will face multiple marginal revenue curves. E. the marginal revenue curve and the total revenue curve will now coincide I think the answer is C?
In a balanced scorecard, a key strategic if-then statement is provided: if the number of defective units decreases, then market share will increase. Assume that the targeted reduction level of defective units was achieved but that the targeted market share increase was not achieved. Which statement best describes this outcome? a. The company has not successfully implemented its strategic plan. b. Single-loop feedback is needed. c. The hypothesized relationship is somehow invalid. d. Corrective action must be taken so that the strategy can be executed as intended.
Which of the following is a disadvantage of outsourcing? Group of answer choices A. freeing up capacity B. freeing up capital C. transferring production and technology risks D. limiting ability to upsize or downsize production
Which of the following is NOT something that is needed for a market to be efficient? A. A large number of buyers and sellers. B. Information being released in a random fashion. C. No transactions costs. D. None of the above. (In other words, ALL of the above are necessary for a market to be efficient.)