Question Details

The primary drivers of hypercompetition




1.	Above-average returns are
a.	higher profits than the firm earned last year.
b.	higher profits than the industry averaged over the last 10 years.
c.	profits in excess of what an investor expects to earn from a historical pattern of performance of the firm.
d.	profits in excess of what an investor expects to earn from other investments with a similar level of risk.



	2.	The primary drivers of hypercompetition are
a.	rising global socio-economic instability and increased inflation.
b.	the emergence of a global economy and rapid technological change.
c.	increased global competition and decreasing tariffs.
d.	increased availability of capital and increased competition.




	3.	The advent of inexpensive high-performance digital cameras may be an example of
a.	a disruptive technology.
b.	global competition.
c.	knowledge intensity.
d.	hypercompetition.




	4.	All of the following are assumptions of the industrial organization (I/O) model EXCEPT
a.	organizational decision makers are rational and committed to acting in the firm- best interests.
b.	resources to implement strategies are firm-specific and attached to firms over the long-term.
c.	the external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns.
d.	firms in given industries, or given industry segments, are assumed to control similar strategically relevant resources.



	5.	Which of the following statements is most consistent under the I/O view? Performance of the firm is most directly attributable to
a.	the power of the financial market stakeholders.
b.	the resources the firm possesses.
c.	the profitability of the industry the firm competes in.
d.	hypercompetition within the industry.




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