Mgmt Quiz

1. While there are some(prenominal) routes to agonistic usefulness, they all involve B. ransoming superior value to purchasers in ship flockal rivals can non readily match.2. A inexpensive leader can translate its low-priced advantage over rivals into superior profit performance by B. either using its affordable edge to under worth competitors and attract price natural buyers in large enough numbers to increase total moolah or refraining from price-cutting and using the low-cost advantage to earn a bigger profit margin on each unit sold.3. The major avenues for achieving a cost advantage over rivals include A. liminating or curbing non-essential cost-producing activities and playacting essential value chain activities more cost-effectively that rivals.4. A differentiation-based competitive advantage E. oft hinges on incorporating features that (1) raise the performance of the product or (2) pooh-pooh the buyers overall be of using the companys product or (3) enhance b uyer satisfaction in intangible or non-economic ways or (4) deliver value to customers by exploiting competitive capabilities that rivals cant match.5.Which of the following is not one of the pitfalls of a low-cost supplier scheme? B. Using a cost-based advantage to reform the companys bar go oning position with high-volume buyers6. Opportunities to differentiate a companys product religious offering C. can exist in supply chain activities, R, manufacturing activities, distribution and shipping or commercializeing, sales and customer service.7. In which of the following circumstances is a outline to be the industrys overall low-cost provider not particularly salubrious matched to the market situation?When buyers have widely varying needs and exceptional requirements and when the cost of switching purchases from one seller to another are comparatively high.8. The objective of competitive strategy is to B. build advantage in the securities industry by giving buyers superior v alue relative the offerings of rival sellers.9. boffo differentiation allows a firm to D. command a premium price for its product and/or increase unit sales and/or gain buyer loyalty to its brand.10. The generic types of competitive strategies include C. ow-cost provider, broad differentiation, center low-cost, focused differentiation and best cost provider strategies.11. Easy-to-copy differentiating features A. do not offer the promise of sustainable competitive advantage.12. A competitive strategy to be the low-cost provider in an industry works come up when E. any of these.13. The most appealing approaches to differentiation are E. those that are lout for rivals to duplicate and that also have considerable buyer appeal.Read also Quiz Week 414. A company that succeeds in differentiating its product offering from those of its rivals can usually E.All of the above.15. A strategy to be the industrys overall low-cost provider tends to be more appealing than a differentiation or focus strategy when C. the offerings of rival firms are essentially identical, standardized, commodity-like products.16. Which of the following is not one of the five generic types of competitive strategy? E. A market share dominator strategy17. Perceived value and signaling value are often an important part of a successful differentiation strategy when E. All of these.18. A competitive strategy of striving to be the low-cost provider is particularly attractive when E. switching costs are high, price rivalry is strong, and buyers tend to use the industrys products in many different ways.19. A low-cost leaders basis for competitive advantage is D. meaningfully lower overall costs than competitors.20. A companys competitive strategy deals with A. managements game plan for securing a competitive advantage relative to rivals.