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Exam 8: Entrepreneurial Strategy and Competitive Dynamics

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Question 41

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New entry is among the most common reasons why a cycle of competitive actions and reactions gets started among similar competitors.

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Question 42

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According to the textbook,which of the following is NOT a common new entry strategy?

A) imitative new entry
B) adaptive new entry
C) pioneering new entry
D) proactive new entry

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Question 43

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Amazon is an example of a company that used the differentiation strategy to enter the market.The differentiation features included

Once an adaptive entrant has achieved initial success,the company is safe from copycat competition.

Under Armour Inc.,founded in 1995,makes undershirts and other athletic gear using moisture-wicking fabric.This is an example of a pioneering new entry.

The process of identifying,selecting,and developing new venture opportunities is known as

Venture capitalists and angel investors regard the management team as the most important asset of an entrepreneurial venture.

When attacked,older and larger firms tend to respond more quickly,but their responses are often more predictable.

When any two firms have both a high degree of market commonality and highly similar resources,a ______________ threat is present.

The majority of entrepreneurial start-ups are financed with angel financing.

Which of the following is the most important resource for a start-up activity?

All of the following are examples of strategic actions a firm might take except

The majority of entrepreneurial start-ups are financed through monies from

According to the text,new ventures launched by entrepreneurial teams are more likely to be successful than ventures launched by

Opportunities can be found through a structured search process.The example of Ancient Ales with their innovative line of craft beers demonstrates which of the following types of structured search?

Venture capital is a form of public equity financing used to help young firms grow rapidly.

When GM offers discounts and incentives,rivals Ford and Chrysler cannot afford to ignore the challenge and quickly follow suit.These arguments are an example of

Opportunity recognition is the process of identifying and selecting Entrepreneurial opportunities.It does not involve the development of those ideas.

Strategic competitive actions include all of the following except

As investors,venture capitalists rarely provide any help or services to entrepreneurial firms other than financing.