WPC 470 Final (Combined) Actual Exam Questions
With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
Firms operating in the same market,
offering similar products, and targeting competitors.
similar customers are:
The ongoing set of competitive actions
and competitive responses that occurs
competitive rivalry.
among firms as they maneuver for an
advantageous market position is:
By introducing Google Pay in response
to Apple Pay, Google hopes to build and
competitive behavior.
defend its competitive advantages and
improve its market position through:
One constant improvement among
smartphones of all brands is camera
quality. As soon as Samsung, Google,
or Apple introduces an updated phone,
competitive dynamics
the others respond with equal or better
quality in their next update. These com-
petitive moves can be encompassed as
the of that market.
Company A makes tomato sauce sold
Which of the following is an example of to consumers in grocery stores and to
multimarket competition? restaurants. Company B sells tomato
sauce to consumers in grocery stores.
The number of markets with which a firm
and a competitor are jointly involved and
market commonality.
the degree of importance of the individ-
ual markets to each is referred to as:
FedEx and United Parcel Service (UPS)
compete in many of the same markets
and have similar types of truck and air-
plane fleets, similar levels of financial resource similarity.
capital, and other similarities. These tan-
gible and intangible resources between
the two firms describe the:
Sandra is developing a competitor analy-
sis for two florists. Which of the follow-
, WPC 470 Final (Combined) Actual Exam Questions
With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
ing information in the analysis will be
the basis for predicting the competitors'
Market commonality
behavior in the form of their competitive
actions and responses?
Rumor has it a new restaurant is com-
ing to town called Italia Noodles. How-
ever, the owners are waiting to compare
competitor analysis.
market commonalities and resource sim-
ilarities to other local Italian restaurants.
Italia Noodles is conducting a:
Which of the following may result if Bel-
la's Eatery does not conduct a competi- Formation of competitive blind spots
tor analysis?
Awareness, motivation, and ability are
competitive behavior
drivers of:
Awareness affects the extent to which
the firm understands the consequences competitive actions and responses.
of its:
A new family-owned organic grocery
store has been successful since its
grand opening nearly a year ago. With
little competition in the area, the organic
grocery store has been particularly suc-
cessful in selling organic food to con-
sumers. The grocer has just found out
that Whole Foods will be starting con-
struction on a new store nearby. The gro-
cery store feels that its family ownership c. Ability
and locally grown food offerings give it a
position in which to take action against
the developing Whole Foods. However,
as a small business, the organic gro-
cery store does not have the financial
means to launch a rivalry against Whole
Foods. In this instance, the organic gro-
cery store is missing which driver of com-
petitive behavior?
, Which of the following relates to a firm's
resources and the flexibility they pro- Ability
vide?
Which of the following is a market-based
move that firms take to fine-tune a strat- Tactical action
egy?
Which of the following characteristics . Relatively easy to implement and re-
best describes tactical actions? verse
A fast-food chain, Bob's Bigger Burgers,
has just launched a campaign to market
its new pound-and-a-half burger against
its competitor, Lou's Burgers, who previ-
competitive action.
ously sold the biggest burger at a pound
and a quarter. Bob's Bigger Burgers'
strategic move against Lou's Burgers is
a:
Ishanti owns the only yoga studio in
town. However, a national gym is open-
ing in a few months. Historically, busi-
nesses like hers have closed after the . A strategic action
national chain opened nearby. Which of
the following options should Ishanti im-
plement?
A firm that responds to the first mover's
competitive action, typically through imi- second mover.
tation, is called a:
Which of the following firms is more likely
A small firm
to take competitive action?
Which of the following is NOT a reason
for a firm to respond to a competitor's The firms have resource dissimilarity.
action?
Car maker BAAS is known for its risky
competitive behavior, including drastical- Competitors will be less likely to respond
ly changing its prices over short time because of BAAS' risky behavior.
spans. Based on this information, which
With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
Firms operating in the same market,
offering similar products, and targeting competitors.
similar customers are:
The ongoing set of competitive actions
and competitive responses that occurs
competitive rivalry.
among firms as they maneuver for an
advantageous market position is:
By introducing Google Pay in response
to Apple Pay, Google hopes to build and
competitive behavior.
defend its competitive advantages and
improve its market position through:
One constant improvement among
smartphones of all brands is camera
quality. As soon as Samsung, Google,
or Apple introduces an updated phone,
competitive dynamics
the others respond with equal or better
quality in their next update. These com-
petitive moves can be encompassed as
the of that market.
Company A makes tomato sauce sold
Which of the following is an example of to consumers in grocery stores and to
multimarket competition? restaurants. Company B sells tomato
sauce to consumers in grocery stores.
The number of markets with which a firm
and a competitor are jointly involved and
market commonality.
the degree of importance of the individ-
ual markets to each is referred to as:
FedEx and United Parcel Service (UPS)
compete in many of the same markets
and have similar types of truck and air-
plane fleets, similar levels of financial resource similarity.
capital, and other similarities. These tan-
gible and intangible resources between
the two firms describe the:
Sandra is developing a competitor analy-
sis for two florists. Which of the follow-
, WPC 470 Final (Combined) Actual Exam Questions
With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
ing information in the analysis will be
the basis for predicting the competitors'
Market commonality
behavior in the form of their competitive
actions and responses?
Rumor has it a new restaurant is com-
ing to town called Italia Noodles. How-
ever, the owners are waiting to compare
competitor analysis.
market commonalities and resource sim-
ilarities to other local Italian restaurants.
Italia Noodles is conducting a:
Which of the following may result if Bel-
la's Eatery does not conduct a competi- Formation of competitive blind spots
tor analysis?
Awareness, motivation, and ability are
competitive behavior
drivers of:
Awareness affects the extent to which
the firm understands the consequences competitive actions and responses.
of its:
A new family-owned organic grocery
store has been successful since its
grand opening nearly a year ago. With
little competition in the area, the organic
grocery store has been particularly suc-
cessful in selling organic food to con-
sumers. The grocer has just found out
that Whole Foods will be starting con-
struction on a new store nearby. The gro-
cery store feels that its family ownership c. Ability
and locally grown food offerings give it a
position in which to take action against
the developing Whole Foods. However,
as a small business, the organic gro-
cery store does not have the financial
means to launch a rivalry against Whole
Foods. In this instance, the organic gro-
cery store is missing which driver of com-
petitive behavior?
, Which of the following relates to a firm's
resources and the flexibility they pro- Ability
vide?
Which of the following is a market-based
move that firms take to fine-tune a strat- Tactical action
egy?
Which of the following characteristics . Relatively easy to implement and re-
best describes tactical actions? verse
A fast-food chain, Bob's Bigger Burgers,
has just launched a campaign to market
its new pound-and-a-half burger against
its competitor, Lou's Burgers, who previ-
competitive action.
ously sold the biggest burger at a pound
and a quarter. Bob's Bigger Burgers'
strategic move against Lou's Burgers is
a:
Ishanti owns the only yoga studio in
town. However, a national gym is open-
ing in a few months. Historically, busi-
nesses like hers have closed after the . A strategic action
national chain opened nearby. Which of
the following options should Ishanti im-
plement?
A firm that responds to the first mover's
competitive action, typically through imi- second mover.
tation, is called a:
Which of the following firms is more likely
A small firm
to take competitive action?
Which of the following is NOT a reason
for a firm to respond to a competitor's The firms have resource dissimilarity.
action?
Car maker BAAS is known for its risky
competitive behavior, including drastical- Competitors will be less likely to respond
ly changing its prices over short time because of BAAS' risky behavior.
spans. Based on this information, which
