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

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.

(True/False)

4.9/5

(33)

Question 41

Outright sales or sale and leaseback free up considerable cash and improve returns. This is an example of which turnaround strategy used by successful companies?

(Multiple Choice)

4.9/5

(47)

Question 42

The size of pricing and differentiation advantages between competitors decreases in which stage of the market life cycle?

(Multiple Choice)

4.9/5

(31)

Question 43

Rivals would find it difficult to challenge Atlas Door in the short run because of

(Multiple Choice)

4.9/5

(40)

Question 44

Hardware chains such as Ace and True Value are losing market share to rivals such as Lowe's and Home Depot in spite of them using a focus strategy. Why?

(Multiple Choice)

4.7/5

(39)

Question 45

Overhead costs associated with the number of layers of management in a firm are part of the ________ activities of the value chain.

(Multiple Choice)

4.8/5

(34)

Question 46

A platform business is like a matchmaker in that it can bring together buyers and sellers. An example of a successful platform provider is Facebook. By attracting and retaining users through expanding services it differentiates itself from more narrowly-focused competitors such as Twitter.

(True/False)

4.9/5

(34)

Question 47

Zulily, an online retailer, competes with Amazon and other online retailers by

(Multiple Choice)

4.9/5

(41)

Question 48

Proctor and Gamble announced that it would sell off or close down up to 100 of its brands. This is an example of which turnaround strategy used by successful companies?

(Multiple Choice)

4.8/5

(32)

Question 49

A firm following a focus strategy must focus on

(Multiple Choice)

4.8/5

(36)

Question 50

Which of these statements regarding the industry life cycle is true?

(Multiple Choice)

4.9/5

(31)

Question 51

At one CVS drugstore, a four-pack of Energizer AA batteries was on sale at 2.99 USD compared with a Duracell four-pack at 4.59 USD. The Duracell market share dropped 2 percent in a recenttwo-year period, and its profits declined over 30 percent. Why did this happen?

(Multiple Choice)

4.8/5

(24)

Question 52

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?

(Multiple Choice)

4.9/5

(40)

Question 53

Ryanair and Spirit Airlines depend upon revenue from services not related to the actual flight. These services increase their

(Multiple Choice)

4.8/5

(33)

Question 54

Research shows that which one of the following is not a strategy used by firms engaged in successful turnarounds?

(Multiple Choice)

4.9/5

(32)

Question 55

Which of the following is most often true of mature markets?

(Multiple Choice)

4.8/5

(32)

Question 56

A firm typically achieves an absolute cost advantage by offering a product or service to a target market using standardization to derive the greatest benefits from economies of scale and experience.

(Multiple Choice)

4.7/5

(36)

Question 57

Which of the following statements about the introduction stage of the market life cycle is true?

(Multiple Choice)

4.8/5

(31)

Question 58

Given the attractiveness of premium pricing during the growth stage of the market life cycle, managers should emphasize short-term results to increase profits.

(True/False)

5.0/5

(39)

Question 59

Most turnarounds require a firm to carefully analyze its relevant environments. ________ analysis results in actions aimed at reduced costs and higher efficiency.

(Multiple Choice)

4.8/5

(27)

Question 60

Showing 41 - 60 of 105

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.

Outright sales or sale and leaseback free up considerable cash and improve returns. This is an example of which turnaround strategy used by successful companies?

The size of pricing and differentiation advantages between competitors decreases in which stage of the market life cycle?

Rivals would find it difficult to challenge Atlas Door in the short run because of

Hardware chains such as Ace and True Value are losing market share to rivals such as Lowe's and Home Depot in spite of them using a focus strategy. Why?

Overhead costs associated with the number of layers of management in a firm are part of the ________ activities of the value chain.

A platform business is like a matchmaker in that it can bring together buyers and sellers. An example of a successful platform provider is Facebook. By attracting and retaining users through expanding services it differentiates itself from more narrowly-focused competitors such as Twitter.

Zulily, an online retailer, competes with Amazon and other online retailers by

Proctor and Gamble announced that it would sell off or close down up to 100 of its brands. This is an example of which turnaround strategy used by successful companies?

A firm following a focus strategy must focus on

Which of these statements regarding the industry life cycle is true?

At one CVS drugstore, a four-pack of Energizer AA batteries was on sale at 2.99 USD compared with a Duracell four-pack at 4.59 USD. The Duracell market share dropped 2 percent in a recenttwo-year period, and its profits declined over 30 percent. Why did this happen?

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?

Ryanair and Spirit Airlines depend upon revenue from services not related to the actual flight. These services increase their

Research shows that which one of the following is not a strategy used by firms engaged in successful turnarounds?

Which of the following is most often true of mature markets?

A firm typically achieves an absolute cost advantage by offering a product or service to a target market using standardization to derive the greatest benefits from economies of scale and experience.

Which of the following statements about the introduction stage of the market life cycle is true?

Given the attractiveness of premium pricing during the growth stage of the market life cycle, managers should emphasize short-term results to increase profits.

Most turnarounds require a firm to carefully analyze its relevant environments. ________ analysis results in actions aimed at reduced costs and higher efficiency.

Strategic Management Creating Competitive Advantages

Analyzing the External Environment of the Firm Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets Moving beyond a Firm's 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

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

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.

Outright sales or sale and leaseback free up considerable cash and improve returns. This is an example of which turnaround strategy used by successful companies?

The size of pricing and differentiation advantages between competitors decreases in which stage of the market life cycle?

Rivals would find it difficult to challenge Atlas Door in the short run because of

Hardware chains such as Ace and True Value are losing market share to rivals such as Lowe's and Home Depot in spite of them using a focus strategy. Why?

Overhead costs associated with the number of layers of management in a firm are part of the ________ activities of the value chain.

A platform business is like a matchmaker in that it can bring together buyers and sellers. An example of a successful platform provider is Facebook. By attracting and retaining users through expanding services it differentiates itself from more narrowly-focused competitors such as Twitter.

Zulily, an online retailer, competes with Amazon and other online retailers by

Proctor and Gamble announced that it would sell off or close down up to 100 of its brands. This is an example of which turnaround strategy used by successful companies?

A firm following a focus strategy must focus on

Which of these statements regarding the industry life cycle is true?

At one CVS drugstore, a four-pack of Energizer AA batteries was on sale at 2.99 USD compared with a Duracell four-pack at 4.59 USD. The Duracell market share dropped 2 percent in a recenttwo-year period, and its profits declined over 30 percent. Why did this happen?

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?

Ryanair and Spirit Airlines depend upon revenue from services not related to the actual flight. These services increase their

Research shows that which one of the following is not a strategy used by firms engaged in successful turnarounds?

Which of the following is most often true of mature markets?

A firm typically achieves an absolute cost advantage by offering a ________ product or service to a ________ target market using standardization to derive the greatest benefits from economies of scale and experience.

Which of the following statements about the introduction stage of the market life cycle is true?

Given the attractiveness of premium pricing during the growth stage of the market life cycle, managers should emphasize short-term results to increase profits.

Most turnarounds require a firm to carefully analyze its relevant environments. ________ analysis results in actions aimed at reduced costs and higher efficiency.

Strategic Management Creating Competitive Advantages

Analyzing the External Environment of the Firm Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets Moving beyond a Firm's 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

A firm typically achieves an absolute cost advantage by offering a product or service to a target market using standardization to derive the greatest benefits from economies of scale and experience.