Exam 9: Competitive Analysis and Strategy

According to Michael Porter, which of the following is a broad market strategy that can enable companies to offer lower prices to customers in the late, more competitive stages of the product life cycle?

Richard D'Aveni uses the term ________ to describe a dynamic, competitive world in which no action or advantage can be sustained for long.

According to Michael Porter, the suppliers in an industry enjoy bargaining power when ________.

Competitive advantage may be created indirectly by nations that have selective factor disadvantages.

According to Porter, what are the generic strategies for creating competitive advantage?

According to Michael Porter, which of the following is true of differentiation as a generic strategy?

________ refers to the decline in per unit product costs as the absolute volume of production per period increases.

Which of the following is true of the demand conditions described in Porter's diamond model?

According to Porter, segmentation is the generic strategy used in access-based positioning.

A focused educational system is an example of a generalized factor.

When a firm's product delivers unique value because of an actual or perceived uniqueness in a broad market, it is said to have a cost-leadership advantage.

The thesis that a firm's home-base country is the main source of core competencies and innovation was challenged by Michael Porter.

According to Hamel and Prahalad, which of the following approaches is being utilized by a company that gains access to the know-how developed by other companies through licensing agreements, joint ventures, or partnerships?

Firms paying high capital costs are frequently unable to stay in a market in which the competition comes from a nation with low capital costs.