Multiple Choice
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?
A) By increasing firm margins, it avoids the need for a low cost position.
B) It reduces buyer power because buyers lack comparable alternatives.
C) Supplier power is increased, because suppliers will be able to charge higher prices for their inputs.
D) Firms will enjoy high customer loyalty.
Correct Answer:
Verified
Correct Answer:
Verified
Q27: During the decline stage of the industry
Q28: Which of the following is NOT one
Q29: One way the Internet and digital technologies
Q32: Which of the following statements about the
Q34: A firm striving for cost leadership will
Q35: The primary aim of strategic management at
Q45: A cost leadership strategy is not susceptible
Q130: A manufacturing business pursuing cost leadership is
Q132: A successful differentiation strategy increases rivalry since
Q148: Firms that compete on overall cost leadership