Exam 5: The Five Generic Competitive Strategies

A boutique hotel chain provides upscale rooms and superior customer service at value prices.What strategy is the hotelier using to gain competitive advantage?

(Multiple Choice)

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Question 21

Which of the following is not one of the ways that a company can achieve a cost advantage by revamping its value chain?

(Multiple Choice)

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Question 22

A broad differentiation strategy generally produces the best results in situations where

(Multiple Choice)

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Question 23

One of the big pitfalls in crafting a competitive strategy is that managers,who are torn about the pros and cons of the various generic strategies,will opt for "stuck-in-the-middle" strategies that represent compromises between lower costs and greater differentiation,and between broad and narrow market appeal.True or false? Explain your answer.

(Essay)

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Question 24

A competitive strategy to be the low-cost provider in an industry typically does not work well when

(Multiple Choice)

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Question 25

Success with a best-cost provider strategy designed to outcompete high-end differentiators requires.

(Multiple Choice)

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Question 26

For a best-cost provider strategy to be successful,a company must have

(Multiple Choice)

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Question 27

Which of the following is not one of the pitfalls of a low-cost provider strategy?

(Multiple Choice)

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Question 28

A focused differentiation strategy can lead to attractive competitive advantage when

(Multiple Choice)

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Question 29

A company's competitive strategy should

(Multiple Choice)

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Question 30

The objective of competitive strategy is to

(Multiple Choice)

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Question 31

Although there are many routes to competitive advantage,the two biggest factors that distinguish one competitive strategy from another are

(Multiple Choice)

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Question 32

Which of the following is not an action that a company can take to do a better job than its rivals of performing value chain activities more cost-effectively?

(Multiple Choice)

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Question 33

A low-cost leader's basis for competitive advantage is

(Multiple Choice)

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Question 34

Which of the following is not one of the pitfalls of pursuing a differentiation strategy?

(Multiple Choice)

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Question 35

The advantages of focusing a company's entire competitive effort on a single market niche allows for

(Multiple Choice)

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Question 36

Focusing provides the ability to secure a competitive edge,but it also carries some risks that will be detrimental to the focused firm,such as

(Multiple Choice)

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Question 37

The most appealing approaches to differentiation are those that

(Multiple Choice)

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Question 38

Which of the following is not one of the five generic types of competitive strategy?

(Multiple Choice)

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Question 39

Broad differentiation strategies generally work best in market circumstances where

(Multiple Choice)

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Question 40

Showing 21 - 40 of 64

A boutique hotel chain provides upscale rooms and superior customer service at value prices.What strategy is the hotelier using to gain competitive advantage?

Which of the following is not one of the ways that a company can achieve a cost advantage by revamping its value chain?

A broad differentiation strategy generally produces the best results in situations where

A competitive strategy to be the low-cost provider in an industry typically does not work well when

Success with a best-cost provider strategy designed to outcompete high-end differentiators requires.

For a best-cost provider strategy to be successful,a company must have

Which of the following is not one of the pitfalls of a low-cost provider strategy?

A focused differentiation strategy can lead to attractive competitive advantage when

A company's competitive strategy should

The objective of competitive strategy is to

Although there are many routes to competitive advantage,the two biggest factors that distinguish one competitive strategy from another are

Which of the following is not an action that a company can take to do a better job than its rivals of performing value chain activities more cost-effectively?

A low-cost leader's basis for competitive advantage is

Which of the following is not one of the pitfalls of pursuing a differentiation strategy?

The advantages of focusing a company's entire competitive effort on a single market niche allows for

Focusing provides the ability to secure a competitive edge,but it also carries some risks that will be detrimental to the focused firm,such as

The most appealing approaches to differentiation are those that

Which of the following is not one of the five generic types of competitive strategy?

Broad differentiation strategies generally work best in market circumstances where

Strategy,business Models,and Competitive Advantage

Strategy Formulation,execution,and Governance

Evaluating a Companys External Environment

Evaluating a Companys Resources, capabilities, and Competitiveness

Strengthening a Companys Competitive Position: Strategic Moves, timing, and Scope of Operations

Strategies for Competing in International Markets

Corporate Strategy: Diversification and the Multibusiness Company

Ethics, corporate Social Responsibility, environmental Sustainability, and Strategy

Superior Strategy Executionanother Path to Competitive Advantage

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