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

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)

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Question 21

A firm can achieve differentiation through all the following means except

(Multiple Choice)

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Question 22

Improving business processes by reengineering them,benchmarking specific activities against industry leaders,encouraging employee input to identify excess costs,increasing capacity utilization,and improving employee productivity lead to a significant overall gain.These are examples of which turnaround strategy used by successful companies?

(Multiple Choice)

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Question 23

What is a focus strategy? Provide an example where this has been implemented successfully.

(Essay)

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Question 24

High product differentiation is generally accompanied by

(Multiple Choice)

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Question 25

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)

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Question 26

A firm typically achieves an absolute cost advantage by offering a product or service to a target market using standardization to derive the greatest benefits from economies of scale and experience.

(Multiple Choice)

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Question 27

Many firms have achieved success by integrating activities throughout the extended value chain by using ________ to link their own value chain with the value chains of their customers and suppliers.

(Multiple Choice)

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Question 28

Primark,an Irish clothing retailer,uses an overall cost leadership strategy.This could fail if it

(Multiple Choice)

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Question 29

An example of a firm applying the overall cost leadership generic strategy in a value-chain activity would be to automate the production assembly line to reduce scrappage from quality errors.

(True/False)

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Question 30

The growth stage of the industry life cycle is characterized by

(Multiple Choice)

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Question 31

What are the pitfalls of the overall cost leadership strategy? Provide an example for each pitfall and explain why it is a pitfall.

(Essay)

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Question 32

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 33

Hardware chains such as Ace and True Value are losing market share to rivals such as Lowe's and Home Depot in spite of them using a focus strategy.Why?

(Multiple Choice)

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Question 34

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

(Multiple Choice)

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Question 35

Which of the following reasons is not a reason that Atlas Door could lose competitive advantage?

(Multiple Choice)

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Question 36

Primark,a fashion retailer,has found a way to keep its cost structure lower than its rivals by leveraging streamlined logistics,a low marketing budget,and negotiating bargain prices from its suppliers.They are using a(n)________ strategy.

(Multiple Choice)

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Question 37

The most likely time to pursue a harvest strategy is in a situation of

(Multiple Choice)

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Question 38

Atlas Door tightly controlled logistics so that it always shipped only fully complete orders to construction sites.In regard to the five forces model,which of the following is a reason this might give them competitive advantage?

(Multiple Choice)

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Question 39

Two-sided or platform markets are an emerging trend according to the textbook authors.Choose an example of an existing platform market and explain how this firm positions itself to become the dominant player linking suppliers and customers.

(Essay)

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Question 40

Showing 21 - 40 of 105

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.

A firm can achieve differentiation through all the following means except

What is a focus strategy? Provide an example where this has been implemented successfully.

High product differentiation is generally accompanied by

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.

A firm typically achieves an absolute cost advantage by offering a product or service to a target market using standardization to derive the greatest benefits from economies of scale and experience.

Many firms have achieved success by integrating activities throughout the extended value chain by using ________ to link their own value chain with the value chains of their customers and suppliers.

Primark,an Irish clothing retailer,uses an overall cost leadership strategy.This could fail if it

An example of a firm applying the overall cost leadership generic strategy in a value-chain activity would be to automate the production assembly line to reduce scrappage from quality errors.

The growth stage of the industry life cycle is characterized by

What are the pitfalls of the overall cost leadership strategy? Provide an example for each pitfall and explain why it is a pitfall.

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?

Hardware chains such as Ace and True Value are losing market share to rivals such as Lowe's and Home Depot in spite of them using a focus strategy.Why?

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

Which of the following reasons is not a reason that Atlas Door could lose competitive advantage?

Primark,a fashion retailer,has found a way to keep its cost structure lower than its rivals by leveraging streamlined logistics,a low marketing budget,and negotiating bargain prices from its suppliers.They are using a(n)________ strategy.

The most likely time to pursue a harvest strategy is in a situation of

Atlas Door tightly controlled logistics so that it always shipped only fully complete orders to construction sites.In regard to the five forces model,which of the following is a reason this might give them competitive advantage?

Two-sided or platform markets are an emerging trend according to the textbook authors.Choose an example of an existing platform market and explain how this firm positions itself to become the dominant player linking suppliers and customers.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's 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

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.

A firm can achieve differentiation through all the following means except

What is a focus strategy? Provide an example where this has been implemented successfully.

High product differentiation is generally accompanied by

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.

A firm typically achieves an absolute cost advantage by offering a ________ product or service to a ________ target market using standardization to derive the greatest benefits from economies of scale and experience.

Many firms have achieved success by integrating activities throughout the extended value chain by using ________ to link their own value chain with the value chains of their customers and suppliers.

Primark,an Irish clothing retailer,uses an overall cost leadership strategy.This could fail if it

An example of a firm applying the overall cost leadership generic strategy in a value-chain activity would be to automate the production assembly line to reduce scrappage from quality errors.

The growth stage of the industry life cycle is characterized by

What are the pitfalls of the overall cost leadership strategy? Provide an example for each pitfall and explain why it is a pitfall.

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?

Hardware chains such as Ace and True Value are losing market share to rivals such as Lowe's and Home Depot in spite of them using a focus strategy.Why?

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

Which of the following reasons is not a reason that Atlas Door could lose competitive advantage?

Primark,a fashion retailer,has found a way to keep its cost structure lower than its rivals by leveraging streamlined logistics,a low marketing budget,and negotiating bargain prices from its suppliers.They are using a(n)________ strategy.

The most likely time to pursue a harvest strategy is in a situation of

Atlas Door tightly controlled logistics so that it always shipped only fully complete orders to construction sites.In regard to the five forces model,which of the following is a reason this might give them competitive advantage?

Two-sided or platform markets are an emerging trend according to the textbook authors.Choose an example of an existing platform market and explain how this firm positions itself to become the dominant player linking suppliers and customers.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's 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.

A firm typically achieves an absolute cost advantage by offering a product or service to a target market using standardization to derive the greatest benefits from economies of scale and experience.