Question 1

A firm following a focus strategy must focus on

Accepted Answer

A)   governmental regulations.
B)   a market segment or group of segments.
C)   rising cost of inputs.
D)   avoiding entering international markets.E) A) and D)
F) C) and D)

Question 2

Caterpillar collects and analyses large volumes of data about how customers use their tractors.This permits them to ________ the cost of new product development efforts and to better ________ their products.

Accepted Answer

A)   increase; differentiate
B)   reduce; differentiate
C)   position; understand
D)   identify; disperseE) A) and B)
F) C) and D)

Question 3

A manufacturing business pursuing cost leadership is likely to

Accepted Answer

A)   focus on a narrow market segment.
B)   use advertising to build brand image.
C)   put heavy emphasis on product engineering.
D)   rely on experience effects to raise efficiency.E) B) and D)
F) None of the above

Question 4

Which statement regarding competitive advantages is true?

Accepted Answer

A)   With an overall cost leadership strategy, firms need not be concerned with parity on differentiation.
B)   In the long run, a business with one or more competitive advantages is probably destined to earn normal profits.
C)   If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.
D)   Attaining multiple types of competitive advantage is a recipe for failure.E) None of the above
F) All of the above

Question 5

Underestimating expenses associated with coordinating value-creating activities in the extended value chain can be a result of ________ integration of cost leadership and differentiation.

Accepted Answer

A)   good
B)   poor
C)   intentional
D)   structuredE) A) and B)
F) All of the above

Exam 5: Business-level Strategy: Creating and Sustaining Competitive Advantages

A firm following a focus strategy must focus on

Correct Answer
verified

Underestimating expenses associated with coordinating value-creating activities in the extended value chain can be a result of ________ integration of cost leadership and differentiation.

Correct Answer
verified

Which statement regarding competitive advantages is true?

Correct Answer
verified

Caterpillar collects and analyses large volumes of data about how customers use their tractors.This permits them to the cost of new product development efforts and to better their products.

Correct Answer
verified

A manufacturing business pursuing cost leadership is likely to

Correct Answer
verified

Exam 5: Business-level Strategy: Creating and Sustaining Competitive Advantages

A firm following a focus strategy must focus on

Correct AnswerverifiedShow Answer

Underestimating expenses associated with coordinating value-creating activities in the extended value chain can be a result of ________ integration of cost leadership and differentiation.

Correct AnswerverifiedShow Answer

Which statement regarding competitive advantages is true?

Correct AnswerverifiedShow Answer

Caterpillar collects and analyses large volumes of data about how customers use their tractors.This permits them to ________ the cost of new product development efforts and to better ________ their products.

Correct AnswerverifiedShow Answer

A manufacturing business pursuing cost leadership is likely to

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Caterpillar collects and analyses large volumes of data about how customers use their tractors.This permits them to the cost of new product development efforts and to better their products.

Correct Answer
verified

Correct Answer
verified