Question 1

In which of the following situations does a differentiation strategy make the most sense?

Accepted Answer

A) The industry is fragmented into different customer groups,each of which has different needs. 
B) Customer needs are primarily satisfied by the price of the product. 
C) There is a lot of technological change. 
D) There are low barriers to entry and exit. 
E) The industry is in the maturity stage of the life cycle. 
A) The industry is fragmented into different customer groups,each of which has different needs. 
B) Customer needs are primarily satisfied by the price of the product. 
C) There is a lot of technological change. 
D) There are low barriers to entry and exit. 
E) The industry is in the maturity stage of the life cycle.

Question 2

A company pursuing a focus strategy

Accepted Answer

A) attempts to serve all market segments. 
B) concentrates on building market share in one market segment. 
C) typically has more resources at its disposal than a differentiator does. 
D) need not be concerned that a differentiator will try to imitate the company's products or services. 
E) none of these choices. 
A) attempts to serve all market segments. 
B) concentrates on building market share in one market segment. 
C) typically has more resources at its disposal than a differentiator does. 
D) need not be concerned that a differentiator will try to imitate the company's products or services. 
E) none of these choices.

Question 3

A shrinking market segment poses the greatest threat to a company pursuing which of the following strategies?

Accepted Answer

A) Cost leadership 
B) Differentiation 
C) Focused differentiation 
D) Growth 
E) Both cost leadership and differentiation simultaneously 
A) Cost leadership 
B) Differentiation 
C) Focused differentiation 
D) Growth 
E) Both cost leadership and differentiation simultaneously

Question 4

Market fragmentation has occurred in many industries because of the

Accepted Answer

A) emergence of flexible technologies. 
B) homogenization of markets. 
C) implementation of just-in-time inventories. 
D) increased strength of large competitors. 
E) increased internationalization of business. 
A) emergence of flexible technologies. 
B) homogenization of markets. 
C) implementation of just-in-time inventories. 
D) increased strength of large competitors. 
E) increased internationalization of business.

In which of the following situations does a differentiation strategy make the most sense?

A company pursuing a focus strategy

A shrinking market segment poses the greatest threat to a company pursuing which of the following strategies?

Market fragmentation has occurred in many industries because of the

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Functional-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters

Exam 5: Building Competitive Advantage Through Business-Level Strategy

In which of the following situations does a differentiation strategy make the most sense?

A company pursuing a focus strategy

A shrinking market segment poses the greatest threat to a company pursuing which of the following strategies?

Market fragmentation has occurred in many industries because of the

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Functional-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters