Question 1

A firm following a focus strategy must focus on

Accepted Answer

A) governmental regulations. 
B) a market segment or group of segments. 
C) rising cost of inputs. 
D) avoiding entering international markets. 
A) governmental regulations. 
B) a market segment or group of segments. 
C) rising cost of inputs. 
D) avoiding entering international markets.

Question 2

In evaluating the sustainability of the Atlas Door competitive advantages over the long run,it is important to evaluate the ability of rivals to

Accepted Answer

A) easily imitate its strategy. 
B) communicate with its customers. 
C) consistently overprice their products. 
D) find new suppliers. 
A) easily imitate its strategy. 
B) communicate with its customers. 
C) consistently overprice their products. 
D) find new suppliers.

Question 3

Which type of competitive strategy is characterized by convincing rivals not to enter a price war,protection from customer pressure to lower prices,and the ability to better withstand cost increases from suppliers?

Accepted Answer

A) differentiation 
B) overall low-cost leadership 
C) differentiation focus 
D) cost leadership focus 
A) differentiation 
B) overall low-cost leadership 
C) differentiation focus 
D) cost leadership focus

Question 4

An important advantage of first movers in a market is that they may establish brand recognition that may later serve as an important switching cost.

Accepted Answer

A) True 
 B)False

Question 5

Factors that lead to a low-cost position also provide substantial entry barriers to substitute and new products as is demonstrated by the retailer,Aldi,whose focus on minimizing costs across the entire operation permits it to position well against competitors such as Walmart.

Accepted Answer

A) True 
 B)False

A firm following a focus strategy must focus on

In evaluating the sustainability of the Atlas Door competitive advantages over the long run,it is important to evaluate the ability of rivals to

Which type of competitive strategy is characterized by convincing rivals not to enter a price war,protection from customer pressure to lower prices,and the ability to better withstand cost increases from suppliers?

An important advantage of first movers in a market is that they may establish brand recognition that may later serve as an important switching cost.

Factors that lead to a low-cost position also provide substantial entry barriers to substitute and new products as is demonstrated by the retailer,Aldi,whose focus on minimizing costs across the entire operation permits it to position well against competitors such as Walmart.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

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Exam 5: Business-Level Strategy: Creating and Sustaining Competitive Advantages

A firm following a focus strategy must focus on

In evaluating the sustainability of the Atlas Door competitive advantages over the long run,it is important to evaluate the ability of rivals to

Which type of competitive strategy is characterized by convincing rivals not to enter a price war,protection from customer pressure to lower prices,and the ability to better withstand cost increases from suppliers?

An important advantage of first movers in a market is that they may establish brand recognition that may later serve as an important switching cost.

Factors that lead to a low-cost position also provide substantial entry barriers to substitute and new products as is demonstrated by the retailer,Aldi,whose focus on minimizing costs across the entire operation permits it to position well against competitors such as Walmart.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters