Question 1

A cost leader's lower costs allow it to continue to earn profits during times of heavy competition.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is NOT one of the questions that development of a competitive strategy should raise?

Accepted Answer

A)  Should we compete on the basis of lower cost? 
B)  Should we compete head-to-head with major competitors? 
C)  Should we differentiate our products or services on some basis other than cost? 
D)  Should we compete by garnering political support of influential leaders? 
E)  Should we compete in a niche market that we can satisfy which is superior to that of the competition? 
A)  Should we compete on the basis of lower cost? 
B)  Should we compete head-to-head with major competitors? 
C)  Should we differentiate our products or services on some basis other than cost? 
D)  Should we compete by garnering political support of influential leaders? 
E)  Should we compete in a niche market that we can satisfy which is superior to that of the competition?

Question 3

A car's cruise control, known as a "bell and whistle," is an example of which of the eight dimensions of quality?

Accepted Answer

A)  performance 
B)  features 
C)  reliability 
D)  durability 
E)  aesthetics 
A)  performance 
B)  features 
C)  reliability 
D)  durability 
E)  aesthetics

Question 4

In a TOWS Matrix, SO Strategies

Accepted Answer

A)  are generated by thinking of ways in which a company or business unit could use its strengths to take advantage of opportunities. 
B)  attempt to take advantage of opportunities by overcoming weaknesses. 
C)  are basically defensive and primarily act to minimize weaknesses and avoid threats. 
D)  consider a company's or unit's strengths as a way to avoid threats. 
E)  are ways to get strategists to think "out of the box." 
A)  are generated by thinking of ways in which a company or business unit could use its strengths to take advantage of opportunities. 
B)  attempt to take advantage of opportunities by overcoming weaknesses. 
C)  are basically defensive and primarily act to minimize weaknesses and avoid threats. 
D)  consider a company's or unit's strengths as a way to avoid threats. 
E)  are ways to get strategists to think "out of the box."

A cost leader's lower costs allow it to continue to earn profits during times of heavy competition.

Which of the following is NOT one of the questions that development of a competitive strategy should raise?

A car's cruise control, known as a "bell and whistle," is an example of which of the eight dimensions of quality?

In a TOWS Matrix, SO Strategies

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 6: Strategy Formulation: Situation Analysis and Business Strategy

A cost leader's lower costs allow it to continue to earn profits during times of heavy competition.

Which of the following is NOT one of the questions that development of a competitive strategy should raise?

A car's cruise control, known as a "bell and whistle," is an example of which of the eight dimensions of quality?

In a TOWS Matrix, SO Strategies

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters