BUSI 400 Learnsmart Chapter 8 Liberty University Complete Answers

BUSI 400 Learnsmart Chapter 8 Liberty University Complete Answers

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Co-opetition has many benefits for companies that compete; however, they sometimes come under government scrutiny and are accused of , a practice that has legal consequences in the United States.

commonality is whether or not competitors are vying for the same customers and how many markets they share in common.

Creators of new venture should be particularly careful to evaluate both the and before entering a new market.

A type of competitive action that requires significant planning and resource allocation is called actions.

Acts that might provoke competitors to react, such as new market entry or price cutting, is the component of competitive dynamic analysis known as .

is a firm’s awareness of tis closest competitors and the kind of competitive actions they might be planning.

Which of the following attributes of new venture allow them to be more successful than larger firms in deploying low cost-leadership strategies?

Opportunity evaluation involves analyzing an opportunity to determine whether it is viable and strong enough to .

The two factors that are used to assess whether or not companies are close competitors are commonality and similarity.

Which of the following statements about the major danger that new entrants face are correct?

New venture managers in the process of evaluating the threats and industry conditions should use Porter’s Five Forces model to consider which of the following?

In the United States, the federal government provides support for entrepreneurial firms in which of the following key arenas?

A firm that has a high concentration of its business in a particular industry is said to have high dependence in that industry.

A company with an individual founder is more likely to succeed than a company founded by a management team of 3 to 5 individuals.

Which of the following statements about the types of financial resources for new business are true?

Small firms using combination strategies attempt to achieve something truly distinctive by combining the best features of which of the following strategies?

Which of the following statements regarding pioneering new entries are correct?

Which of the following factors must be present in order for an entrepreneurial venture to create new value?

Which of the following are the most important sources of financial resources for entrepreneurs?

A larger firm with “deep pockets” would likely respond to a competitor by doing which one of the following?

Hobbies, past work experiences, suggestions by family and friends, technological developments and needs of customers are all sources of .

Which of the following statements about types of financial resources for new business are true?

Which of the following statements about single-industry businesses and competitive reactions is true?

Both pioneering and adaptive entrants usually involve some sort of strategy to set their entry apart.

Match the type of alliance (on the left) with its potential pitfalls (on the right).

A(n) new entry describes a firm’s entry into an industry with products or services that capitalize on proven market successes and that usually includes a strong marketing orientation.