Exam 5: The Five Generic Competitive Strategies: Which One to Employ

In which of the following circumstances is a strategy to be the industry's overall low-cost provider not particularly well matched to the market situation?

In what market and competitive circumstances are focused low-cost and focused differentiation strategies attractive?

While there are many routes to competitive advantage,they all involve

Company success in achieving a low-cost edge over rivals comes from

The objective of a best-cost provider strategy is to

The chief difference between a low-cost provider strategy and a focused low-cost strategy is

Explain how the marketing emphasis of a low-cost provider differs from the marketing emphasis of a best-cost provider.

Which one of the five generic competitive strategies is most likely to be best suited for an industry whose product is a commodity? Explain.

Best-cost provider strategies are appealing in those market situations where

What are the pros and cons of a broad differentiation strategy?

What are the keys to sustaining a focused low-cost strategy?

A company achieves best-cost provider status by

What are the distinctive features of a focused differentiation strategy? How is it different from a broad differentiation strategy?

How valuable a low-cost leader's cost advantage is depends on

A competitive strategy to be the low-cost provider in an industry works well when

A focused low-cost strategy can lead to attractive competitive advantage when

A company's biggest vulnerability in employing a best-cost provider strategy is

The big danger or risk of a best-cost provider strategy is

Describe the strategy of striving to be the industry's overall low cost provider.What does a company have to do to achieve low-cost provider status?

To succeed with a low-cost provider strategy,company managers have to