A situation in which oligopolists interacting with one another each choose their best strategy given the strategies that all the other oligopolists have chosen is known as a ?

Related Mcqs:

1. Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?

   A. decrease; decrease
   B. increase; decrease
   C. decrease; increase
   D. increase; increase

2. If oligopolists engage in collusion and successfully from a cartel, the market outcome is ?

   A. the same as if it were served by competitive firms.
   B. efficient because cooperation improves efficiency
   C. the same as if it were served by a monopoly.
   D. known as a Nash equilibrium

3. According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?

   A. Good-value strategy
   B. Premium strategy
   C. Overcharging strategy
   D. Snob strategy

4. A company’s compensation plan should reflect its overall marketing strategy For example if the overall strategy is to grow rapidly and gain market share the compensation plan should reward ?

   A. loyalty and perseverance
   B. spot selling and old product rejuvenation
   C. high sales performance and encourage capturing new accounts
   D. high pressure situations and competitive reaction

5. A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?

   A. Price index
   B. Price indexing
   C. Price fixing
   D. Price choosing

6. When a marketing research organization chooses a segment of the population that represents the population as a whole, they have chosen a ?

   A. group
   B. bi-variant population
   C. sample
   D. market target

7. Export-led growth strategies tend to emphasize ?

   A. resource allocation based on the principle of absolute advantage
   B. resource allocation based on the principle of comparative advantage
   C. trade protection for import-competing firms
   D. trade protection for exporting-competing firms

8. successful ________ depends on how well a company blends its people organizational structure decision and reward systems, and company culture into a cohesive program that supports its strategies?

   A. marketing strategy
   B. marketing control
   C. marketing analysis
   D. marketing implementation

9. The process that turns marketing strategies and plans into marketing actions in order to accomplish strategic marketing objectives is called ?

   A. Marketing strategy
   B. Marketing control
   C. Marketing analysis
   D. Marketing implementation

10. When a company enters a new product category for which its current brand names are not appropriate it will likely follow which of the following brand strategies ?

    A. Product extensions
    B. Line extensions
    C. Brand extensions
    D. New brands