Competitive Strategy Interview Question:

An industry is defined as which of the following-

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1. Group of firms developing similar products
2. A group of firms that operate in a specific field of expertise
3. Group of firms that offer products that are close substitutes for each other
4. All of the above
5. None of the above

Answer: Group of firms that offer products that are close substitutes for each other
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Competitive Strategy Interview Question:

An industry is defined as which of the following-

Top Competitive Strategy Questions

Market challengers use a range of offensive strategies to attack the market leaders and other competitors. Which of the following is a market challenger strategy that uses a diversification approach, often into new technological and geographical areas and unrelated areas to overcome the opposition?

Defense strategies are utilized by market leaders against their attackers. When competitors attack the market leaders weaknesses, such as Japanese care manufacturers entering the USA market with smaller and cheaper cars, this is referred to as what type of defense strategy?

The first approach of any competitor analysis is to establish is what?

Which of the following strategies could a market leader implement to maintain its commanding leadership position?

Top Business and Economics Categories

Taxation Interview Questions.

Economics Interview Questions.

Accounts Receivable (AR) Interview Questions.

General Ledger Interview Questions.

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