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

To generate above average returns, a firm following an overall cost leadership position should not be concerned with attaining parity or proximity on the basis of differentiation relative to its peers.

(True/False)

4.7/5

(37)

Question 61

In the __________ stage of the industry life cycle, the emphasis on product design is very high, the intensity of competition is low, and the market growth rate is low.

(Multiple Choice)

4.8/5

(43)

Question 62

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)

4.7/5

(37)

Question 63

Competitive advantage is not affected by actions by rivals from within and outside of the industry.

(True/False)

4.8/5

(43)

Question 64

Underestimating expenses associated with coordinating value-creating activities in the extended value chain can be a result of ______ integration of cost leadership and differentiation.

(Multiple Choice)

4.9/5

(29)

Question 65

Firms may fail to accurately assess sources of revenue and profits in their value chain. This might be a result of an unbiased manager.

(True/False)

4.8/5

(35)

Question 66

Company competitive advantages can be eroded by all of the following except

(Multiple Choice)

4.8/5

(35)

Question 67

Competitive advantage can be found in just-in-time manufacturing processes.

(True/False)

4.9/5

(46)

Question 68

The overall value proposition of Walmart makes potential substitute products such as Internet competitors a more viable threat.

(True/False)

4.8/5

(39)

Question 69

Swatch defined its watches as playful fashion accessories which were showily promoted. This is an example of reverse positioning.

(True/False)

4.8/5

(40)

Question 70

As markets mature, competition on the basis of differentiation is preferable to price competition.

(True/False)

4.9/5

(39)

Question 71

The factors that lead to a low-cost position also provide a substantial barriers position with respect to ___ products introduced by new and existing competitors.

(Multiple Choice)

4.9/5

(32)

Question 72

The increasing use of technology in low tech industries has made competitive advantages more sustainable.

(True/False)

4.9/5

(39)

Question 73

When a company finds that its performance is in decline at any stage in the life cycle, it can look toward a turnaround strategy that is designed to help it to grow but not necessarily to be profitable.

(True/False)

4.9/5

(39)

Question 74

Businesses that compete in markets that are in decline should simply be harvested or divested since they are no longer profitable.

(True/False)

4.9/5

(36)

Question 75

Many companies have a tight integration among their value-creating activities and have implemented just-in-time manufacturing. The textbook example of Atlas Door suggests that this is a competitive advantage, but it is easily imitated and therefore may not be sustainable in the long run.

(True/False)

4.8/5

(46)

Question 76

A successful differentiation strategy lowers entry barriers because of customer loyalty and the ability of the firm to provide uniqueness in its products and services.

(True/False)

4.9/5

(27)

Question 77

A low-cost position provides _______ flexibility to cope with demands from powerful suppliers for input cost increases.

(Multiple Choice)

4.9/5

(34)

Question 78

The supermarket, Aldi, places extreme focus on minimizing costs across its operations which ultimately makes it more vulnerable to substitutes.

(True/False)

4.9/5

(32)

Question 79

Atlas Door created competitive advantage by reducing the time to receive and process an order and through installing a just-in-time logistics operation. Which of the following is not a reason for their favorable position relative to the five forces of industry competition?

(Multiple Choice)

4.8/5

(35)

Question 80

Showing 61 - 80 of 163

To generate above average returns, a firm following an overall cost leadership position should not be concerned with attaining parity or proximity on the basis of differentiation relative to its peers.

In the __________ stage of the industry life cycle, the emphasis on product design is very high, the intensity of competition is low, and the market growth rate is low.

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.

Competitive advantage is not affected by actions by rivals from within and outside of the industry.

Underestimating expenses associated with coordinating value-creating activities in the extended value chain can be a result of ______ integration of cost leadership and differentiation.

Firms may fail to accurately assess sources of revenue and profits in their value chain. This might be a result of an unbiased manager.

Company competitive advantages can be eroded by all of the following except

Competitive advantage can be found in just-in-time manufacturing processes.

The overall value proposition of Walmart makes potential substitute products such as Internet competitors a more viable threat.

Swatch defined its watches as playful fashion accessories which were showily promoted. This is an example of reverse positioning.

As markets mature, competition on the basis of differentiation is preferable to price competition.

The factors that lead to a low-cost position also provide a substantial barriers position with respect to ___ products introduced by new and existing competitors.

The increasing use of technology in low tech industries has made competitive advantages more sustainable.

When a company finds that its performance is in decline at any stage in the life cycle, it can look toward a turnaround strategy that is designed to help it to grow but not necessarily to be profitable.

Businesses that compete in markets that are in decline should simply be harvested or divested since they are no longer profitable.

Many companies have a tight integration among their value-creating activities and have implemented just-in-time manufacturing. The textbook example of Atlas Door suggests that this is a competitive advantage, but it is easily imitated and therefore may not be sustainable in the long run.

A successful differentiation strategy lowers entry barriers because of customer loyalty and the ability of the firm to provide uniqueness in its products and services.

A low-cost position provides _______ flexibility to cope with demands from powerful suppliers for input cost increases.

The supermarket, Aldi, places extreme focus on minimizing costs across its operations which ultimately makes it more vulnerable to substitutes.

Atlas Door created competitive advantage by reducing the time to receive and process an order and through installing a just-in-time logistics operation. Which of the following is not a reason for their favorable position relative to the five forces of industry competition?

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

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

To generate above average returns, a firm following an overall cost leadership position should not be concerned with attaining parity or proximity on the basis of differentiation relative to its peers.

In the __________ stage of the industry life cycle, the emphasis on product design is very high, the intensity of competition is low, and the market growth rate is low.

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.

Competitive advantage is not affected by actions by rivals from within and outside of the industry.

Underestimating expenses associated with coordinating value-creating activities in the extended value chain can be a result of ______ integration of cost leadership and differentiation.

Firms may fail to accurately assess sources of revenue and profits in their value chain. This might be a result of an unbiased manager.

Company competitive advantages can be eroded by all of the following except

Competitive advantage can be found in just-in-time manufacturing processes.

The overall value proposition of Walmart makes potential substitute products such as Internet competitors a more viable threat.

Swatch defined its watches as playful fashion accessories which were showily promoted. This is an example of reverse positioning.

As markets mature, competition on the basis of differentiation is preferable to price competition.

The factors that lead to a low-cost position also provide a substantial ____ barriers position with respect to _______ products introduced by new and existing competitors.

The increasing use of technology in low tech industries has made competitive advantages more sustainable.

When a company finds that its performance is in decline at any stage in the life cycle, it can look toward a turnaround strategy that is designed to help it to grow but not necessarily to be profitable.

Businesses that compete in markets that are in decline should simply be harvested or divested since they are no longer profitable.

Many companies have a tight integration among their value-creating activities and have implemented just-in-time manufacturing. The textbook example of Atlas Door suggests that this is a competitive advantage, but it is easily imitated and therefore may not be sustainable in the long run.

A successful differentiation strategy lowers entry barriers because of customer loyalty and the ability of the firm to provide uniqueness in its products and services.

A low-cost position provides _______ flexibility to cope with demands from powerful suppliers for input cost increases.

The supermarket, Aldi, places extreme focus on minimizing costs across its operations which ultimately makes it more vulnerable to substitutes.

Atlas Door created competitive advantage by reducing the time to receive and process an order and through installing a just-in-time logistics operation. Which of the following is not a reason for their favorable position relative to the five forces of industry competition?

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

The factors that lead to a low-cost position also provide a substantial barriers position with respect to ___ products introduced by new and existing competitors.