Multiple Choice
Commodity industries are:
A) Easier to sell because they require little advertising
B) Often characterized by a cost-based competitive advantage
C) Unattractive because differentiated products provide stronger margins
D) No longer pursued by large companies in the developed world, due to labour cost.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: Generally, gaining the full cost-reduction from process
Q45: The "specialization effect" means that:<br>A)People work faster
Q46: "Indivisibility" relates to:<br>A)"Lumpy" resources<br>B)A characteristic of a
Q47: Firms such as French auto makers Renault
Q48: The value chain analysis is a tool
Q50: Throughout the 20th century it was assumed
Q51: Cost advantage is usually the result of:<br>A)Economies
Q52: In its early history, strategic management emphasized:<br>A)Strategic
Q53: Which of these industries exhibit cyclical overcapacity?<br>A)Construction
Q54: The idea of pricing based on anticipated