First mover advantage - Study guides, Class notes & Summaries

WGU C211 - Global Economics for Managers - PA Review What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries? - ANSWER Domestic Demand Conditions What is the bandwagon effect? - ANSWER The movement of investors in the same direction at the same time A country has seen a decrease in inflation. What is the effect on the country's currency e...

Strategy correct answers an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Core Competencies correct answers unique capabilities of a firm that service as a source of competitive advantage for a firm over its rivals. Strategic competitiveness correct answers achieved when a firm successfully formulates and implements a value-creating strategy Competitive advantage correct answers achieved when a firm's cu...

Competitors (*Chapter 6*) correct answers Firms operating in the same market, offering similar products and targeting similar customers. Competitive Rivalry correct answers Ongoing set of competitive actions and competitive responses occurring between *two competitors* as they contend with each other for an advantageous market position (Coke vs. Pepsi). Competitive Dynamics correct answers Total set of actions and responses of all firms competing within a market. Significant commitment of ...

C211 OA - Partial OA Questions and Answers Latest 2022 Fall - WGU. C211 Global Economics Which political view of foreign direct investment (FDI) is most widely used by governments in the current international business environment? Radicalism Protectionism Communism nationalism 5. Which factors predict the degree of rivalry between a pair of competitors? 2 choices Market commonality Cost structure Resource similarity Organizational structure 6. Which factors predicts how local f...

Market concentration/competitive intensity correct answers extent or degree to which a relatively small number of firms account for a relatively large percentage of the market An industry in which market share is "concentrated" in the hands of a few firm is likely to be correct answers less competitive than one in which market share is dispersed among many small firms HHI correct answers is often used to measure market concentrations HHI = 1 correct answers Firm is a monoply Blue o...

International Business Questions and Answers 100% Pass Three basic decisions facing firms who are contemplating international expansion 1. Which market(s) to enter 2. When to enter, and on what scale 3. How to enter Goal is long profit potential Timing of Entry Entry is early when firm enters foreign market before others, and is late when other firms have already established themselves. First Mover Advantages Advantages that develop as the first firm to enter a market. Include...

WGU C211 Study Guide Questions with 100% Correct Answers Views of globalization (Chp 1.4) - Correct Answer ️️ -1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - Correct Answer ️️ -Location specific advantage = Possession of natural resources and related transport and communication infrastructure ...

Describe the leadership crisis at Facebook. correct answers Facebooks leadership solely focused on exponential growth but failed to consider serious negative effects on its stakeholders and firms reputation: Lenient privacy controls led to 3rd parties being able to siphon off personal data and foreign interference during the 2016 US presidential election. Describe the mission of Teach for America (TFA) correct answers A non-profit whose mission is to provide an excellent education to under...

WGU C211 Economics Pre-Assessment 2024 What are the weaknesses of the theory of mercantilism? Choose two. - ANSWER The theory leads to inefficient allocation of resources. Application of the theory reduces the wealth of the nation in the long run. What is the bandwagon effect? - ANSWER The movement of investors in the same direction at the same time. A country...

Competitors (*Chapter 6*) correct answers Firms operating in the same market, offering similar products and targeting similar customers. Competitive Rivalry correct answers Ongoing set of competitive actions and competitive responses occurring between *two competitors* as they contend with each other for an advantageous market position (Coke vs. Pepsi). Competitive Dynamics correct answers Total set of actions and responses of all firms competing within a market. Significant commitment of ...