Question 1

Potential sources of cost advantages include all of the following except ________.

Accepted Answer

A)  economies of scope 
B)  production technology 
C)  product design 
D)  brand image 
A)  economies of scope 
B)  production technology 
C)  product design 
D)  brand image

Question 2

What are the four stages of the industry life cycle?

Accepted Answer

The different stages of an ind

Question 3

Why is it important for managers to understand the relationship between experience and costs in a firm's use of technology?

Accepted Answer

It is important to understand the relati

Question 4

During the ________ stage of the industry life cycle, incumbent firms increase market share by taking advantage of pre-established footholds.

Accepted Answer

A)  embryonic 
B)  growth 
C)  maturity 
D)  decline 
A)  embryonic 
B)  growth 
C)  maturity 
D)  decline

Question 5

Successful differentiation strategists must ________.

Accepted Answer

A)  keep costs low 
B)  lower quality 
C)  identify buyers who have unique needs 
D)  blend their product offerings with those of competitors 
A)  keep costs low 
B)  lower quality 
C)  identify buyers who have unique needs 
D)  blend their product offerings with those of competitors

Question 6

During the ________ stage of the industry life cycle, products become more familiar and product information is more widely available.

Accepted Answer

A)  embryonic 
B)  growth 
C)  maturity 
D)  decline 
A)  embryonic 
B)  growth 
C)  maturity 
D)  decline

Question 7

Why can't United and Delta Airlines lower their costs to match those of Southwest?

Accepted Answer

Many of the specific practices by which

Question 8

All of the following are reasons why firms have different production costs except ________.

Accepted Answer

A)  economies of scale 
B)  learning 
C)  product design 
D)  scope of involvement 
A)  economies of scale 
B)  learning 
C)  product design 
D)  scope of involvement

Question 9

Economies of scale exist if average costs are lower at higher levels of production.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is not one of the ways that Gallo Wines uses to achieve its low-cost leadership position?

Accepted Answer

A)  innovative cost-effective blending techniques 
B)  scale economies in distribution 
C)  scale of operations 
D)  scope of involvement 
A)  innovative cost-effective blending techniques 
B)  scale economies in distribution 
C)  scale of operations 
D)  scope of involvement

Question 11

A successful strategy must be consistent with both a firm's resources and the competitive environment.

Accepted Answer

A) True 
 B)False

Question 12

What is a strategic business unit?

Accepted Answer

A strategic business unit or S

Potential sources of cost advantages include all of the following except ________.

What are the four stages of the industry life cycle?

Why is it important for managers to understand the relationship between experience and costs in a firm's use of technology?

During the ________ stage of the industry life cycle, incumbent firms increase market share by taking advantage of pre-established footholds.

Successful differentiation strategists must ________.

During the ________ stage of the industry life cycle, products become more familiar and product information is more widely available.

Why can't United and Delta Airlines lower their costs to match those of Southwest?

All of the following are reasons why firms have different production costs except ________.

Economies of scale exist if average costs are lower at higher levels of production.

Which of the following is not one of the ways that Gallo Wines uses to achieve its low-cost leadership position?

A successful strategy must be consistent with both a firm's resources and the competitive environment.

What is a strategic business unit?

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Examining the Internal Environment: Resources

Exploring the External Environment: Macro Industry and Dynamics

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters

Exam 5: Creating Business Strategies

Potential sources of cost advantages include all of the following except ________.

What are the four stages of the industry life cycle?

Why is it important for managers to understand the relationship between experience and costs in a firm's use of technology?

During the ________ stage of the industry life cycle, incumbent firms increase market share by taking advantage of pre-established footholds.

Successful differentiation strategists must ________.

During the ________ stage of the industry life cycle, products become more familiar and product information is more widely available.

Why can't United and Delta Airlines lower their costs to match those of Southwest?

All of the following are reasons why firms have different production costs except ________.

Economies of scale exist if average costs are lower at higher levels of production.

Which of the following is not one of the ways that Gallo Wines uses to achieve its low-cost leadership position?

A successful strategy must be consistent with both a firm's resources and the competitive environment.

What is a strategic business unit?

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Examining the Internal Environment: Resources

Exploring the External Environment: Macro Industry and Dynamics

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters