Question 1

Identify,explain,and provide examples of the component parts of any marketing strategy.

Accepted Answer

a.Answers will vary but should

Question 2

Which of the following marketing strategies is most appropriate for a differentiated business?

Accepted Answer

A) Emphasize low-cost distribution and low-cost advertising and promotion. 
B) Emphasize specialized distribution and targeted advertising and promotion at the lowest cost possible. 
C) Emphasize differentiated distribution,and advertising and promotion,on a large scale at the lowest cost possible. 
D) Emphasize differentiated distribution and advertising and promotion on a large scale. 
A) Emphasize low-cost distribution and low-cost advertising and promotion. 
B) Emphasize specialized distribution and targeted advertising and promotion at the lowest cost possible. 
C) Emphasize differentiated distribution,and advertising and promotion,on a large scale at the lowest cost possible. 
D) Emphasize differentiated distribution and advertising and promotion on a large scale.

Question 3

Differentiated businesses typically emphasize reward systems that encourage cost reductions and innovation.

Accepted Answer

A) True 
 B)False

Question 4

Low-cost businesses emphasize timely and pertinent information on the ongoing specialized processes that yield unique products/services.

Accepted Answer

A) True 
 B)False

Question 5

Differentiated businesses should emphasize specialized distribution and targeted advertising and promotion at the lowest cost possible.

Accepted Answer

A) True 
 B)False

Question 6

What differences in financial strategies would you expect to see between a business employing a low-cost strategy and one employing a differentiation strategy?

Accepted Answer

a.Low-cost businesses pursue financial s

Question 7

Learning is the idea that per-unit production costs decrease when volume increases.

Accepted Answer

A) True 
 B)False

Question 8

Explain the just-in-time inventory system.Identify situations in which JIT tends to be effective and ineffective.

Accepted Answer

a.The just-in-time (JIT)inventory system

Question 9

Low-cost businesses

Accepted Answer

A) emphasize reward systems that encourage cost reductions and innovation. 
B) emphasize timely and pertinent information on costs of operations. 
C) emphasize timely and pertinent information on the ongoing processes that yield unique products/services. 
D) None of the above. 
A) emphasize reward systems that encourage cost reductions and innovation. 
B) emphasize timely and pertinent information on costs of operations. 
C) emphasize timely and pertinent information on the ongoing processes that yield unique products/services. 
D) None of the above.

Question 10

Low-cost-differentiated businesses should emphasize mass distribution and promotion,regardless of cost.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following financial strategies is most appropriate for a low-cost business?

Accepted Answer

A) Lower financial costs by borrowing when credit costs are low and issuing stock when the market is strong. 
B) Emphasize obtaining resources and funding output improvements or innovations at the lowest possible costs. 
C) Emphasize obtaining resources and funding output improvements or innovations,even when financial costs may be high. 
D) None of the above. 
A) Lower financial costs by borrowing when credit costs are low and issuing stock when the market is strong. 
B) Emphasize obtaining resources and funding output improvements or innovations at the lowest possible costs. 
C) Emphasize obtaining resources and funding output improvements or innovations,even when financial costs may be high. 
D) None of the above.

Question 12

Which of the following is not a factor that can facilitate organizational learning capabilities?

Accepted Answer

A) consistency of perspectives across the organization. 
B) a climate of openness. 
C) a scanning imperative. 
D) All of the above can facilitate organizational learning capabilities. 
A) consistency of perspectives across the organization. 
B) a climate of openness. 
C) a scanning imperative. 
D) All of the above can facilitate organizational learning capabilities.

Question 13

Knowledge can be a source of competitive advantage regardless of the choice of generic strategy.

Accepted Answer

A) True 
 B)False

Question 14

Knowledge management refers to the sum of the capabilities of individuals in an organization.

Accepted Answer

A) True 
 B)False

Question 15

Differentiated businesses

Accepted Answer

A) emphasize reward systems that encourage cost reductions. 
B) Emphasize reward systems that encourage innovation. 
C) Emphasize reward systems that encourage cost reductions and innovation. 
D) None of the above. 
A) emphasize reward systems that encourage cost reductions. 
B) Emphasize reward systems that encourage innovation. 
C) Emphasize reward systems that encourage cost reductions and innovation. 
D) None of the above.

Question 16

Which of the following production strategies is most appropriate for a low-cost business?

Accepted Answer

A) Emphasize quality in operations even when the cost of doing so is high. 
B) Emphasize quality in operations when the cost of doing so is relatively low. 
C) Emphasize operation efficiencies through learning,economies of scale,and capital-labor substitution possibilities. 
D) Emphasize specialized quality in operations even when costs are high. 
A) Emphasize quality in operations even when the cost of doing so is high. 
B) Emphasize quality in operations when the cost of doing so is relatively low. 
C) Emphasize operation efficiencies through learning,economies of scale,and capital-labor substitution possibilities. 
D) Emphasize specialized quality in operations even when costs are high.

Question 17

Process R&D seeks to reduce operational costs and make them more efficient.

Accepted Answer

A) True 
 B)False

Question 18

Low cost businesses

Accepted Answer

A) emphasize reward systems that encourage cost reductions. 
B) Emphasize reward systems that encourage innovation. 
C) Emphasize reward systems that encourage cost reductions and innovation. 
D) None of the above. 
A) emphasize reward systems that encourage cost reductions. 
B) Emphasize reward systems that encourage innovation. 
C) Emphasize reward systems that encourage cost reductions and innovation. 
D) None of the above.

Question 19

Which of the following marketing strategies is most appropriate for a low-cost-differentiation business?

Accepted Answer

A) Emphasize low-cost distribution and low-cost advertising and promotion. 
B) Emphasize specialized distribution and targeted advertising and promotion at the lowest cost possible. 
C) Emphasize differentiated distribution,and advertising and promotion,on a large scale at the lowest cost possible. 
D) Emphasize differentiated distribution and advertising and promotion on a large scale. 
A) Emphasize low-cost distribution and low-cost advertising and promotion. 
B) Emphasize specialized distribution and targeted advertising and promotion at the lowest cost possible. 
C) Emphasize differentiated distribution,and advertising and promotion,on a large scale at the lowest cost possible. 
D) Emphasize differentiated distribution and advertising and promotion on a large scale.

Question 20

Which of the following is not a component part of the experience curve?

Accepted Answer

A) economies of scale 
B) capital-labor substitution 
C) learning 
D) All of the above are components of the experience curve. 
A) economies of scale 
B) capital-labor substitution 
C) learning 
D) All of the above are components of the experience curve.

Identify,explain,and provide examples of the component parts of any marketing strategy.

Which of the following marketing strategies is most appropriate for a differentiated business?

Differentiated businesses typically emphasize reward systems that encourage cost reductions and innovation.

Low-cost businesses emphasize timely and pertinent information on the ongoing specialized processes that yield unique products/services.

Differentiated businesses should emphasize specialized distribution and targeted advertising and promotion at the lowest cost possible.

What differences in financial strategies would you expect to see between a business employing a low-cost strategy and one employing a differentiation strategy?

Learning is the idea that per-unit production costs decrease when volume increases.

Explain the just-in-time inventory system.Identify situations in which JIT tends to be effective and ineffective.

Low-cost businesses

Low-cost-differentiated businesses should emphasize mass distribution and promotion,regardless of cost.

Which of the following financial strategies is most appropriate for a low-cost business?

Which of the following is not a factor that can facilitate organizational learning capabilities?

Knowledge can be a source of competitive advantage regardless of the choice of generic strategy.

Knowledge management refers to the sum of the capabilities of individuals in an organization.

Differentiated businesses

Which of the following production strategies is most appropriate for a low-cost business?

Process R&D seeks to reduce operational costs and make them more efficient.

Low cost businesses

Which of the following marketing strategies is most appropriate for a low-cost-differentiation business?

Which of the following is not a component part of the experience curve?

Fundamentals of Strategic Management

Industry Competition

External Environment: Political Economic Forces

External Environment: Social Technological Forces

Organization Mission Direction

Corporate-Level Strategies

Business Unit Strategies

Strategy Formulation

Strategy Execution-Organizational Structure

Strategy Execution: Strategic Change,culture Leadership

Strategic Control

Filters

Exam 8: Functional Strategies

Identify,explain,and provide examples of the component parts of any marketing strategy.

Which of the following marketing strategies is most appropriate for a differentiated business?

Differentiated businesses typically emphasize reward systems that encourage cost reductions and innovation.

Low-cost businesses emphasize timely and pertinent information on the ongoing specialized processes that yield unique products/services.

Differentiated businesses should emphasize specialized distribution and targeted advertising and promotion at the lowest cost possible.

What differences in financial strategies would you expect to see between a business employing a low-cost strategy and one employing a differentiation strategy?

Learning is the idea that per-unit production costs decrease when volume increases.

Explain the just-in-time inventory system.Identify situations in which JIT tends to be effective and ineffective.

Low-cost businesses

Low-cost-differentiated businesses should emphasize mass distribution and promotion,regardless of cost.

Which of the following financial strategies is most appropriate for a low-cost business?

Which of the following is not a factor that can facilitate organizational learning capabilities?

Knowledge can be a source of competitive advantage regardless of the choice of generic strategy.

Knowledge management refers to the sum of the capabilities of individuals in an organization.

Differentiated businesses

Which of the following production strategies is most appropriate for a low-cost business?

Process R&D seeks to reduce operational costs and make them more efficient.

Low cost businesses

Which of the following marketing strategies is most appropriate for a low-cost-differentiation business?

Which of the following is not a component part of the experience curve?

Fundamentals of Strategic Management

Industry Competition

External Environment: Political Economic Forces

External Environment: Social Technological Forces

Organization Mission Direction

Corporate-Level Strategies

Business Unit Strategies

Strategy Formulation

Strategy Execution-Organizational Structure

Strategy Execution: Strategic Change,culture Leadership

Strategic Control

Filters