Exam 5: Business-Level Strategy: Creating Andsustaining Competitive Advantages

An important idea behind the profit pool concept is that there is always a strong relationship between the generation of revenues and the capturing of profits.

(True/False)

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Question 21

Which of the following is not a reason for the possible erosion of company competitive advantage?

(Multiple Choice)

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Question 22

Due to the Internet,firms that use a focus strategy have new opportunities to _________.

(Multiple Choice)

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Question 23

Which of the following is a risk (or potential pitfall)of cost leadership?

(Multiple Choice)

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Question 24

As markets mature the magnitude of differentiation and cost leadership advantages among competitors decrease.

(True/False)

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Question 25

A successful differentiation strategy increases rivalry since buyers become more price-sensitive.

(True/False)

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Question 26

During the decline stage of the industry life cycle,__________ refers to obtaining as much profit as possible and requires that costs be decreased quickly.

(Multiple Choice)

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Question 27

Which of the following is NOT one of the ways the Internet is lowering transaction costs?

(Multiple Choice)

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Question 28

One way the Internet and digital technologies are creating opportunities for firms with differentiation strategies is by enabling mass customization.

(True/False)

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Question 29

A cost leadership strategy is not susceptible to the risk of reduced flexibility.

(True/False)

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Question 30

Which of the following is FALSE regarding how a differentiation strategy can help a firm to improve its competitive position relative to the Porter five forces model?

(Multiple Choice)

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Question 31

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

(Multiple Choice)

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Question 32

Firms that compete on overall cost leadership are vulnerable if there is an increase in the cost of the inputs on which the advantage is based.

(True/False)

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Question 33

A firm striving for cost leadership will typically spend relatively more on product related R&D than on process related R&D.

(True/False)

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Question 34

The primary aim of strategic management at the business level is __________________.

(Multiple Choice)

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Question 35

A manufacturing business pursuing cost leadership is likely to _______.

(Multiple Choice)

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Question 36

With experience,unit costs of production decline as _________ increases in most industries.

(Multiple Choice)

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Question 37

Which of the following is not a potential pitfall of a focus strategy?

(Multiple Choice)

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Question 38

Discuss the risks associated with each of these forms of competitive advantage: overall cost leadership,differentiation,and focus.

(Essay)

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Question 39

One of the main reasons the Internet is eroding sustainable competitive advantages is that _______.

(Multiple Choice)

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Question 40

Showing 21 - 40 of 102

An important idea behind the profit pool concept is that there is always a strong relationship between the generation of revenues and the capturing of profits.

Which of the following is not a reason for the possible erosion of company competitive advantage?

Due to the Internet,firms that use a focus strategy have new opportunities to _________.

Which of the following is a risk (or potential pitfall)of cost leadership?

As markets mature the magnitude of differentiation and cost leadership advantages among competitors decrease.

A successful differentiation strategy increases rivalry since buyers become more price-sensitive.

During the decline stage of the industry life cycle,__________ refers to obtaining as much profit as possible and requires that costs be decreased quickly.

Which of the following is NOT one of the ways the Internet is lowering transaction costs?

One way the Internet and digital technologies are creating opportunities for firms with differentiation strategies is by enabling mass customization.

A cost leadership strategy is not susceptible to the risk of reduced flexibility.

Which of the following is FALSE regarding how a differentiation strategy can help a firm to improve its competitive position relative to the Porter five forces model?

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

Firms that compete on overall cost leadership are vulnerable if there is an increase in the cost of the inputs on which the advantage is based.

A firm striving for cost leadership will typically spend relatively more on product related R&D than on process related R&D.

The primary aim of strategic management at the business level is __________________.

A manufacturing business pursuing cost leadership is likely to _______.

With experience,unit costs of production decline as _________ increases in most industries.

Which of the following is not a potential pitfall of a focus strategy?

Discuss the risks associated with each of these forms of competitive advantage: overall cost leadership,differentiation,and focus.

One of the main reasons the Internet is eroding sustainable competitive advantages is that _______.

Strategic Management: Creating Competitiveadvantages

Analyzing the External Environment Ofthe Firm: Creating Competitive Advantages

Assessing the Internal Environmentof the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangibleresources

Corporate-Level Strategy: Creatingvalue Through Diversification

International Strategy: Creating Valuein Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporategovernance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fosteringcorporate Entrepreneurship

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