A) that company can distinguish their product/service offerings to together a good extent that it erodes performance.

B) firms the emphasize support tasks too much will suffer performance declines.

C) firms that overemphasize in its entirety cost leadership thoughout their worth chain can experience low performance.

D) the vital to success is reliable production operations.

C) firms that overemphasize all at once cost management thoughout their worth chain have the right to experience low performance.

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The major aim that strategic administration at the company level is

A) maximizing risk-return tradeoffs v diversification.

B) achieve a low price position.

C) maximizing differentiation of assets and/or services.

D) achieve competitive advantage(s)

In the long run, businesses without a competitive benefit are unlikely to earn more than “normal” profits. Normal earnings are

A) what one would receive on U.S. Treasury securities.

B) earnings received by corporations in the regular course that business.

C) revenues one would mean to earn on invest that have a comparable level of risk.

D) earnings earned by a coporation, group on a diversified investment portfolio of stocks.

Convincing rivals not to enter a price war, defense from customer press to reduced prices, and also the ability to far better withstand expense increases from providers characterize which type of compete strategy?

A) all at once cost leadership

B) differentiation

C) differentiation focus

D) expense leadership focus

Which that the following is a threat (or pitfall) of price leadership?

A) expense cutting may lead to the lose of preferable features

B) do the efforts to continue to be ahead of the compete may result in gold plating

C) expense differences increase as the market matures

D) producers are an ext able to withstand rises in suppliers\" cost

A manufacturing service pursuing expense leadership will most likely

A) emphasis on a narrow sector segment.

B) depend on experience impacts to advanced efficiency.

C) use declaring to develop brand image.

D) put heavy focus on product engineering.

Primary worth chain tasks that show off the effective layout the receiving dock to work (inbound logistics) and also support worth chain tasks that include expertise in process engineering (technology development) characterize what share strategy?

A) differentiation

B) as whole cost management

C) differentiation focus

D) stuck-in-the-middle

One element of utilizing a expense leadership strategy is the experience effects may bring about lower costs. Experience effects are achieved by

A) hiring an ext experienced personnel.

B) repeating a process until a job becomes easier.

C) spreading out a given expense or invest over a greater volume.

D) completing in an market a long time.

The suffer curve argues that cutting prices is a great strategy

A) if it can induce better demand and also thereby help a firm travel down the suffer curve faster.

B) in industries identified by high economies of scale.

C) in the maturity phase of the market life cycle.

D) in the decrease stage that the industry life cycle.

A firm can attain differentiation through all of the following way except

A) improving brand image.

B) far better customer service.

C) offering reduced prices to constant customers.

D) including additional product features.

High product differentiation is usually accompanied by

A) greater market share.

B) lessened emphasis top top competition based upon price.

C) greater profit margins and lower costs.

D) significant economies of scale.

Support value chain tasks that involve great applications engineering support (technology development) and facilities the promote a hopeful firm image (firm infrastructure) characterize what generic strategy?

A) differentiation

B) all at once cost management

C) differentiation emphasis

D) stuck-in-the middle

Which that the adhering to is false about how a differentiation strategy can aid a firm to boost its competitive position vis à vis Porter\"s 5 forces?

A) by enhancing a firm\"s margins, it stays clear of the need for a low expense position

B) it helps a certain to resolve supplier power and also reduces the person who lives power due to the fact that buyers absence comparable options

C) supplier strength is increased since suppliers will have the ability to charge greater prices for their inputs

D) that company will gain high client loyalty, therefore experiencing less threat native substitutes 보다 its rivals

C) supplier power is increased since suppliers will be able to charge higher prices for your inputs

A differentiation strategy allows a organization to attend to the five competitive forces by

A) lessening competitive rivalry by distinguishing itself.

B) having actually brand-loyal client become more sensitive come prices.

C) increasing economic situations of scale.

D) serving a wider market segment.

C) increasing economic situations of scale.

All of the following are potential pitfalls that a differentiation strategy except:

A) uniqueness that is no valuable.

B) also high a price premium.

C) all rivals share a usual input or raw material.

D) perceptions of differentiation may vary between buyers and sellers.

C) all rivals re-superstructure a typical input or raw material.

Which statement concerning competitive benefits is true?

A) If several rivals pursue comparable differentiation tactics, they might all be perceived as equates to in the psychic of the consumer.

B) v an in its entirety cost management strategy, firms need not be concerned with same on differentiation.

C) In the lengthy run, a business with one or an ext competitive advantages is more than likely destined to earn normal profits.

D) attaining multiple varieties of competitive advantage is a recipe for failure.

A) If several rivals pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.

A small market focus is come a differentiation-based strategy as a

A) broadly-defined target industry is come a expense leadership strategy.

B) expansion market is to a differentiation-based strategy.

C) expansion market is to a cost-based strategy.

D) technological innovation is come a cost-based strategy.

A) broadly-defined target industry is to a cost leadership strategy.

A firm adhering to a focus strategy

A) must focus on government regulations.

B) must emphasis on a industry segment or group of segments.

C) must focus on the rising price of inputs.

D) should avoid entering worldwide markets.

B) must focus on a industry segment or team of segments.

All the the complying with are potential pitfalls that a emphasis strategy other than

A) erosion that cost benefits within the small segment.

B) every rivals re-superstructure a typical input or raw material.

C) even product and also service offerings that room highly focused are topic to vain from brand-new entrants and also from imitation.

D) focusers can end up being too focused to meet buyer needs.

B) all rivals re-publishing a typical input or raw material.

Research has consistently shown that firms that achieve both cost and differentiation benefits tend to execute

A) at around the exact same level together firms that attain either cost or differentiation advantages.

B) about the same as this firm that are “stuck-in-the-middle.”

C) lower than firms that attain differentiation benefits but higher than this firm that accomplish cost advantages.

D) higher than this firm that accomplish either a price or a differentiation advantage.

D) higher than this firm that attain either a price or a differentiation advantage.

The message discusses three approaches to combining all at once cost leadership and differentiation competitive advantages. These are the following other than

A) automated and also flexible manufacturing systems.

B) exploiting the benefit pool ide for competitive advantage.

C) coordinating the “extended” value chain by means of details technology.

D) deriving benefits from very focused and also high modern technology markets.

D) deriving benefits from extremely focused and also high modern technology markets.

A ____________ have the right to be characterized as the complete profits in an market at every points along the industry\"s value chain.

A) benefit maximizer

B) revenue enhancer

C) profit swimming pool

D) benefit outsourcing

C) benefit pool

All the the adhering to are potential pitfalls of one integrated in its entirety low cost and differentiation strategy except:

A) firms that fail to achieve both strategies may finish up v neither and also become “stuck-in-the-middle.”

B) targeting too big a industry that reasons unit expenses to increase.

C) underestimate the challenges and expenses associated with coordinating value-creating tasks in the expanded value chain.

D) miscalculating sources of revenue and also profit pools in the firm\"s industry.

B) targeting too large a market that causes unit prices to increase.

Which of these statements regarding the sector life cycle is correct?

A) component of the power of the market life cycle is its capability to serve as a short-run forecasting device.

B) Trends said by the industry life cycle model are normally not reversible no one repeatable.

C) It provides a “shorthand” for thinking about differences in strategy situations.

D) it points the end the need to maintain a differentiation advantage and a short cost benefit simultaneously.

C) It offers a “shorthand” for thinking about differences in strategic situations.

Which that the adhering to statements about the advent stage that the sector life bike is true?

A) the produces reasonably large, positive cash flows.

B) solid brand recognition rarely serves as an important switching cost.

C) industry share gains by pioneers are usually conveniently sustained for numerous years.

D) products or services offered by pioneers may be perceived as differentiated simply because they are new.

D) products or services offered by pioneers might be viewed as identified simply since they room new.

In the ______ phase of the market life cycle, the emphasis on product architecture is an extremely high, the intensity of compete is low, and the market expansion rate is low.

A) advent

B) expansion

C) maturity

D) decrease

A) introduction

Which that the complying with descriptions the a product in the expansion stage is true?

A) over there are few forms that differentiation, focus is put on efficiency, and also there is a cultivation trend to compete on the communication of price.

B) there is an emphasis on product variety, price are declining rapidly, and although the firm may be make a profit, cash flows may be negative.

C) over there is an obsolescence of technologies, minimal capital investment is required, and also consumer need is satiated.

D) over there is a propensity to hold on come competitive advantages, pricing deserve to be volatile, and there is an chance to establish strong brand recognition.

B) over there is an emphasis on product variety, prices are declining rapidly, and although the firm may be do a profit, cash flows might be negative.

The expansion market is identified by

A) “in-kind” compete (from the same kind of product).

B) premium pricing.

C) a farming trend to complete on the communication of price.

D) retaliation by competitors whose customers space stolen.

B) premium pricing.

Which the the adhering to is considered specific statement because that a product in the growth period of its life cycle?

A) the is an overwhelming to obtain market re-superstructure in growth markets.

B) over there is more price push in growth markets.

C) that is simpler to develop modern technology in the growth phase.

D) Customers room brand faithful in the development phase.

C) it is easier to develop an innovation in the expansion phase.

In the _______ stage of the sector life cycle, over there are many segments, compete is really intense, and the focus on procedure design is high.

A) introduction

B) development

C) maturity

D) decrease

C) maturity

In a given market, crucial technology no longer has actually patent protection, experience is not an advantage, and there is a farming need to complete on price. What phase of that life bicycle is the sector in?

A) introduction

B) expansion

C) maturity

D) decrease

C) maturity

A market that greatly competes ~ above the basis of price and has stagnant growth is properties of what life cycle stage:

A) arrival

B) growth

C) maturity

D) decline

C) maturity

As industries mature, firms need to attempt to compete on the communication of _______.

A) quick response

B) differentiation

C) price leadership

D) market focus

B) differentiation

As markets mature

A) costs continue to increase.

B) application for patents increase.

C) differentiation avenues increase.

D) over there is increasing emphasis on efficiency.

D) over there is increasing emphasis on efficiency.

The size of pricing and differentiation benefits between competitors decreases in which phase of the industry life cycle?

A) introduction

B) growth

C) maturity

D) decrease

C) maturity

Which the the adhering to is most frequently true of maturation markets?

A) Some competitors enjoy a far-reaching operating advantage due to enhancing experience effects.

B) The industry supports premium pricing, which attracts additional competitors.

C) advantages that cannot be replicated by other competitors are challenging to achieve.

D) The magnitude of pricing differences and also product differentiation is bigger than in the expansion stage.

C) advantages that can not be replicated by other rivals are challenging to achieve.

In the _________ stage of the industry life cycle, there are couple of segments, the emphasis on process design is low, and also the significant functional areas of worry are basic management and also finance.

A) advent

B) expansion

C) maturity

D) decline

D) decline

The most likely time to pursue a harvest strategy is in a case of

A) high growth.

B) solid competitive advantage.

C) mergers and acquisitions.

D) decline in the industry life cycle.

D) decline in the industry life cycle.

During the decline stage of the industry life cycle, _______ describes obtaining as much profit as possible and needs that expenses be reduced quickly.

A) maintaining

B) harvest

C) exiting

D) consolidating

B) harvesting

Research shows that the complying with are all strategies used by firms engaged in effective turnarounds other than

A) asset and also cost surgery.

B) selective product and market pruning.

C) worldwide expansion.

D) piecemeal productivity improvements.

C) global expansion.

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Piecemeal performance improvements throughout a turnaround generally does not involve

A) business procedure reengineering.

B) raised capacity utilization.

C) benchmarking.

D) growth of a firm\"s product sector scope.

D) expansion of a firm\"s product industry scope.



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