Kindly answer the question 53 to 71 just answer true or false only. some answers fill in blanks only.

53. Awareness, which is a prerequisite to any competitive action or response taken by a firm, 63. Often, successful imitation of the first mover's innovations allows the second mover to refers to the extent to which competitors recognize the degree of their mutual avoid the mistakes and the major investments required of the pioneering first movers. interdependence that results from market commonality and resource similarity! 64. The first mover can expect a successful second-mover competitor to study its market 54. Awareness tends to be greatest when firms have highly similar resources (in terms of types entries and to respond with a new entry into the market within a short time period. and amounts) to use while competing against -markets 65. Thus, a corporate-level strategy specifies actions a firm takes to gain a competitive $5. Market commonality affects the firm's perceptions and resulting motivation. advantage by selecting and managing a group of different businesses competing in 56. For example, a firm is generally more likely to attack the rival with whom it has low market different product markets. commonality than the one with whom it competes in multiple markets. 66. Firms can acquire competitors (.. or buy a supplier or customer (vertical 57. Similar resources suggest similar abilities to attack and respond. integration) 58. Choosing not to respond can ultimately result in failure, as happened with at least some 67. Because the diversified firm operates in several different and unique product markets and local retailers who didn't respond to Walmart's competitive actions! likely in several businesses. it forms two types of strategies: corporate-level 59. The value of the final set of predictions the firm develops about each of its competitors (companywide) and business-level (competitive). competitive actions and responses is enhanced by studying the Likelihood of Attack" 68. As is the case with a business-level strategy, a corporate-level strategy is expected to help factors (such as first-mover benefits and organizational size) and the "Likelihood of the firm earn above average returns by creating value.6 Some suggest that few corporate- Response" factors (such as the actor's reputation). level strategies actually create value. 60. A competitive response is a strategic or tactical action the firm takes to counter the effects 69. Product diversification, a primary form of corporate-level strategies, concerns the scope of as well as "how managers buy, of a competitor's competitive action! the markets and industries in which the firm compe 61. In general, first movers emphasize research and development (R& D) as a path to develop create, and sell different sinesses to match skills and strengths with opportunities presented to the firm. innovative goods and services that customers will value. 10 Firms that focus on one or very few businesses and markets can earn positive returns, 62. To be a first mover, the firm must have the readily available resources to significantly invest in RED as well as to rapidly and successfully produce and market a stream of because they develop -.... and can provide superior service to their customers. innovative products 1. While each is distinct, some similar technologies are used in the production and equipment