Question 1

When a company chooses to have another firm perform a business process or service that is part of the company's value chain this is called:

Accepted Answer

A)  Offshoring 
B)  Disaggregating 
C)  Outsourcing 
D)  Disintermediation 
A)  Offshoring 
B)  Disaggregating 
C)  Outsourcing 
D)  Disintermediation C

Question 2

When selecting a business level strategy,the firm determines who will be served,what customer needs will be satisfied,and how those needs will be satisfied.

Accepted Answer

A) True 
 B)False  True

Question 3

At the maturity stage of the life cycle,revenue growth accelerates rapidly.

Accepted Answer

A) True 
 B)False  False

Question 4

A company has chosen a focus strategy when it markets to a narrow customer segment or within a smaller geographic area.

Accepted Answer

A) True 
 B)False

Question 5

A firm that caters to a very specific segment of its market is pursuing which generic strategy?

Accepted Answer

A)  Differentiation 
B)  Focus 
C)  Cost leadership 
D)  Best cost 
A)  Differentiation 
B)  Focus 
C)  Cost leadership 
D)  Best cost

Question 6

A business-level strategy can best be thought of as the overarching philosophy of value creation within the company.

Accepted Answer

A) True 
 B)False

Question 7

Define strategy and business-level strategy. What is the difference between these two concepts?

Accepted Answer

•In general,a strategy consists of the c

Question 8

In differentiation strategies,the emphasis is on creating value through uniqueness.

Accepted Answer

A) True 
 B)False

Question 9

The focused differentiation strategy differs from the differentiation strategy in that:

Accepted Answer

A)  The focused differentiators have a broader competitive scope 
B)  The value-creating activities of focused differentiators are more constrained 
C)  Focused differentiators target a narrower customer market 
D)  There are fewer risks with the focused differentiation strategy 
A)  The focused differentiators have a broader competitive scope 
B)  The value-creating activities of focused differentiators are more constrained 
C)  Focused differentiators target a narrower customer market 
D)  There are fewer risks with the focused differentiation strategy

Question 10

A business-level strategy consists of the competitive approach of a single line-of-business instead of the entire corporation.

Accepted Answer

A) True 
 B)False

Question 11

The industry life cycle portrays how sales volume for a class of products changes over its lifetime.

Accepted Answer

A) True 
 B)False

Question 12

A firm that pursues a cost leadership strategy:

Accepted Answer

A)  Seeks cost efficiency in a broad market setting 
B)  Is too interested in lowering costs to bother with technological advances 
C)  Always has the lowest price 
D)  Uses differentiation to attract customers 
A)  Seeks cost efficiency in a broad market setting 
B)  Is too interested in lowering costs to bother with technological advances 
C)  Always has the lowest price 
D)  Uses differentiation to attract customers

Question 13

Business-level strategy formulation pertains to:

Accepted Answer

A)  Domain direction and navigation 
B)  Domain definition 
C)  Domain recognition 
D)  Domain precondition 
A)  Domain direction and navigation 
B)  Domain definition 
C)  Domain recognition 
D)  Domain precondition

Question 14

The degree to which a company competes broadly or narrowly within geographic or customer segments characterizes its decision about ________.

Accepted Answer

A)  Economies of scale 
B)  Market scope 
C)  The learning curve 
D)  Switching costs 
A)  Economies of scale 
B)  Market scope 
C)  The learning curve 
D)  Switching costs

Question 15

What are some of the risks associated with a low-cost strategy?

Accepted Answer

.If a company is not the low-cost leader

Question 16

A firm successfully implementing a differentiation strategy would expect:

Accepted Answer

A)  Customers to be sensitive to price increases 
B)  To charge premium prices 
C)  Customers to perceive the product as standard 
D)  To have high levels of power over suppliers 
A)  Customers to be sensitive to price increases 
B)  To charge premium prices 
C)  Customers to perceive the product as standard 
D)  To have high levels of power over suppliers

Question 17

A strategy that is a combination of low cost leadership and differentiation is:

Accepted Answer

A)  Unlikely to be successful because of limited resources 
B)  Best cost 
C)  Cost focus 
D)  None of the above 
A)  Unlikely to be successful because of limited resources 
B)  Best cost 
C)  Cost focus 
D)  None of the above

Question 18

Which of the following is an advantage of pursuing cost leadership?

Accepted Answer

A)  Sales always increase with increasing amounts of output 
B)  Loss of sales does not reduce scale benefits 
C)  The strategy easily accommodates changes in the market 
D)  A firm may charge the same price as its competitors but make a higher profit 
A)  Sales always increase with increasing amounts of output 
B)  Loss of sales does not reduce scale benefits 
C)  The strategy easily accommodates changes in the market 
D)  A firm may charge the same price as its competitors but make a higher profit

Question 19

IKEA offers young customers a selection of home furnishings featuring good design,function,and acceptable quality at low prices.IKEA is using which business level strategy?

Accepted Answer

A)  Cost leadership 
B)  Focused cost leadership 
C)  Differentiation 
D)  Focused differentiation 
A)  Cost leadership 
B)  Focused cost leadership 
C)  Differentiation 
D)  Focused differentiation

Question 20

A business-level strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in specific product markets.

Accepted Answer

A) True 
 B)False

When a company chooses to have another firm perform a business process or service that is part of the company's value chain this is called:

When selecting a business level strategy,the firm determines who will be served,what customer needs will be satisfied,and how those needs will be satisfied.

At the maturity stage of the life cycle,revenue growth accelerates rapidly.

A company has chosen a focus strategy when it markets to a narrow customer segment or within a smaller geographic area.

A firm that caters to a very specific segment of its market is pursuing which generic strategy?

A business-level strategy can best be thought of as the overarching philosophy of value creation within the company.

Define strategy and business-level strategy. What is the difference between these two concepts?

In differentiation strategies,the emphasis is on creating value through uniqueness.

The focused differentiation strategy differs from the differentiation strategy in that:

A business-level strategy consists of the competitive approach of a single line-of-business instead of the entire corporation.

The industry life cycle portrays how sales volume for a class of products changes over its lifetime.

A firm that pursues a cost leadership strategy:

Business-level strategy formulation pertains to:

The degree to which a company competes broadly or narrowly within geographic or customer segments characterizes its decision about ________.

What are some of the risks associated with a low-cost strategy?

A firm successfully implementing a differentiation strategy would expect:

A strategy that is a combination of low cost leadership and differentiation is:

Which of the following is an advantage of pursuing cost leadership?

IKEA offers young customers a selection of home furnishings featuring good design,function,and acceptable quality at low prices.IKEA is using which business level strategy?

A business-level strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in specific product markets.

What is Strategy

Strategic Objectives

Governance,Ethics & Corporate Social Responsibility in Strategy

Culture and Strategy

The Internal Environment

The External Environment

Corporate-Level Strategy

International Strategy

Competitive Rivalry & Competitive Dynamics

Strategic Leadership

Strategic Failure and Turnaround

Strategic Change

Strategic Implementation

Organizational Structure and Controls

Strategic Entrepreneurship

Filters

Exam 7: Business-Level Strategy

When a company chooses to have another firm perform a business process or service that is part of the company's value chain this is called:

When selecting a business level strategy,the firm determines who will be served,what customer needs will be satisfied,and how those needs will be satisfied.

At the maturity stage of the life cycle,revenue growth accelerates rapidly.

A company has chosen a focus strategy when it markets to a narrow customer segment or within a smaller geographic area.

A firm that caters to a very specific segment of its market is pursuing which generic strategy?

A business-level strategy can best be thought of as the overarching philosophy of value creation within the company.

Define strategy and business-level strategy. What is the difference between these two concepts?

In differentiation strategies,the emphasis is on creating value through uniqueness.

The focused differentiation strategy differs from the differentiation strategy in that:

A business-level strategy consists of the competitive approach of a single line-of-business instead of the entire corporation.

The industry life cycle portrays how sales volume for a class of products changes over its lifetime.

A firm that pursues a cost leadership strategy:

Business-level strategy formulation pertains to:

The degree to which a company competes broadly or narrowly within geographic or customer segments characterizes its decision about ________.

What are some of the risks associated with a low-cost strategy?

A firm successfully implementing a differentiation strategy would expect:

A strategy that is a combination of low cost leadership and differentiation is:

Which of the following is an advantage of pursuing cost leadership?

IKEA offers young customers a selection of home furnishings featuring good design,function,and acceptable quality at low prices.IKEA is using which business level strategy?

A business-level strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in specific product markets.

What is Strategy

Strategic Objectives

Governance,Ethics & Corporate Social Responsibility in Strategy

Culture and Strategy

The Internal Environment

The External Environment

Corporate-Level Strategy

International Strategy

Competitive Rivalry & Competitive Dynamics

Strategic Leadership

Strategic Failure and Turnaround

Strategic Change

Strategic Implementation

Organizational Structure and Controls

Strategic Entrepreneurship

Filters