A) that company can differentiate their product/service offerings to together a an excellent extent that it erodes performance.

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

C) firms that overemphasize overall cost leadership thoughout their worth chain deserve to experience short performance.

D) the an essential to success is effective production operations.


C) firms the overemphasize all at once cost leadership thoughout their value chain have the right to experience low performance.

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The main aim of strategic monitoring at the service level is

A) maximizing risk-return tradeoffs v diversification.

B) achieve a low price position.

C) maximizing differentiation of commodities and/or services.

D) achieving competitive advantage(s)


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

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

B) earnings received by enterprise in the typical course that business.

C) earnings one would suppose to earn on invest that have actually a similar level that risk.

D) earnings earned through a corporation on a diversified portfolio of stocks.


Convincing rivals not to enter a price war, security from customer push to lower prices, and the capability to better withstand expense increases from companies characterize which kind of competitive strategy?

A) overall cost management

B) differentiation

C) differentiation focus

D) expense leadership emphasis


Which of the complying with is a danger (or pitfall) of cost leadership?

A) cost cutting may cause the loss of desirable features

B) attempts to stay ahead the the compete may lead to gold plating

C) cost differences increase as the sector matures

D) producer are much more able come withstand rises in suppliers\" price


A manufacturing service pursuing cost leadership will likely

A) emphasis on a narrow market segment.

B) count on experience impacts to raise efficiency.

C) use advertising to develop brand image.

D) put heavy emphasis on product engineering.


Primary value chain activities that involve the effective layout of receiving dock work (inbound logistics) and also support value chain tasks that include expertise in process engineering (technology development) characterize what generic strategy?

A) differentiation

B) in its entirety cost leadership

C) differentiation emphasis

D) stuck-in-the-middle


One element of utilizing a price leadership strategy is the experience impacts may result in lower costs. Experience effects are completed by

A) hiring much more experienced personnel.

B) repeating a procedure until a job becomes easier.

C) dispersing out a given price or invest over a better volume.

D) competing in an industry a long time.


The experience curve suggests that cutting prices is a good strategy

A) if it have the right to induce greater demand and thereby help a firm travel down the suffer curve faster.

B) in industries defined by high economic climates of scale.

C) in the maturity stage of the sector life cycle.

D) in the decline stage of the sector life cycle.


A for sure can attain differentiation through all of the following method except

A) enhancing brand image.

B) much better customer service.

C) offering reduced prices to constant customers.

D) including additional product features.


High product differentiation is usually accompanied by

A) higher market share.

B) diminished emphasis on competition based on price.

C) greater profit margins and also lower costs.

D) far-ranging economies that scale.


Support value chain tasks that involve great applications design support (technology development) and also facilities that promote a optimistic firm image (firm infrastructure) characterize what share strategy?

A) differentiation

B) overall cost management

C) differentiation emphasis

D) stuck-in-the center


Which of the following is false regarding how a differentiation strategy can aid a for sure to improve its competitive place vis à passport Porter\"s five forces?

A) by increasing a firm\"s margins, it avoids the require for a low expense position

B) it help a firm to address supplier power and also reduces the person who lives power since buyers lack comparable options

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

D) firms will gain high customer loyalty, therefore experiencing much less threat native substitutes 보다 its rivals


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

A differentiation strategy allows a organization to address the 5 competitive forces by

A) lessening compete rivalry by differentiating itself.

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

C) increasing economies of scale.

D) offer a wider market segment.


C) increasing economies of scale.

All of the complying with are potential pitfalls of a differentiation strategy except:

A) uniqueness the is not valuable.

B) as well high a price premium.

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

D) awareness of differentiation may vary in between buyers and also sellers.


C) all rivals re-superstructure a usual input or life material.

Which statement about competitive benefits is true?

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

B) through an overall cost management strategy, firms need not be concerned with same on differentiation.

C) In the long run, a organization with one or an ext competitive advantages is probably destined come earn regular profits.

D) attaining multiple types of competitive advantage is a recipe because that failure.


A) If several rivals pursue similar differentiation tactics, they may all be viewed as equates to in the mental of the consumer.

A narrow market focus is to a differentiation-based strategy together a

A) broadly-defined target market is to a price leadership strategy.

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

C) growth market is come a cost-based strategy.

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


A) broadly-defined target sector is come a price leadership strategy.

A firm complying with a focus strategy

A) must focus on governmental regulations.

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

C) must emphasis on the rising price of inputs.

D) need to avoid entering global markets.


B) must emphasis on a sector segment or team of segments.

All the the following are potential pitfalls of a focus strategy other than

A) erosion that cost advantages within the narrow segment.

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

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

D) focusers can end up being too concentrated to accomplish buyer needs.


B) every rivals re-publishing a common input or life material.

Research has consistently shown that firms that achieve both cost and differentiation advantages tend to perform

A) at around the same level together firms that accomplish either expense or differentiation advantages.

B) about the same as that company that space “stuck-in-the-middle.”

C) reduced than that company that achieve differentiation advantages but higher than this firm that accomplish cost advantages.

D) greater than firms that achieve either a cost or a differentiation advantage.


D) greater than firms that achieve either a price or a differentiation advantage.

The text discusses three viewpoints to combining overall cost leadership and also differentiation compete advantages. These room the following except

A) automated and flexible production systems.

B) exploiting the profit pool concept for competitive advantage.

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

D) deriving benefits from highly focused and high technology markets.


D) deriving services from highly focused and also high modern technology markets.

A ____________ have the right to be identified as the complete profits in an market at all points follow me the industry\"s worth chain.

A) benefit maximizer

B) revenue enhancer

C) profit swimming pool

D) profit outsourcing


C) benefit pool

All that the following are potential pitfalls of one integrated all at once low cost and differentiation strategy except:

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

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

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

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


B) targeting too big a market that causes unit costs to increase.

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

A) part of the strength of the industry life bike is its capacity to serve as a short-run forecasting device.

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

C) It gives a “shorthand” because that thinking around differences in strategic situations.

D) the points the end the require to preserve a differentiation benefit and a short cost advantage simultaneously.


C) It gives a “shorthand” because that thinking around differences in strategy situations.

Which that the following statements about the development stage of the sector life cycle is true?

A) the produces fairly large, positive cash flows.

B) strong brand recognition hardly ever serves as vital switching cost.

C) industry share benefit by pioneers are usually easily sustained for numerous years.

D) commodities or services readily available by pioneers might be perceived as identified simply since they are new.


D) products or services readily available by pioneers may be regarded as distinguished simply because they space new.

In the ______ phase of the market life cycle, the focus on product design is very high, the strongness of compete is low, and also the market expansion rate is low.

A) development

B) development

C) maturity

D) decrease


A) introduction

Which the the following descriptions the a product in the growth stage is true?

A) there are couple of forms of differentiation, focus is inserted on efficiency, and there is a cultivation trend to complete on the communication of price.

B) there is focus on product variety, prices are decreasing rapidly, and although the firm might be do a profit, cash flows might be negative.

C) over there is one obsolescence that technologies, minimal funding investment is required, and also consumer demand is satiated.

D) there is a tendency to hold on to competitive advantages, pricing deserve to be volatile, and also there is an possibility to establish solid brand recognition.


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

The development market is characterized by

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

B) premium pricing.

C) a growing trend to compete on the communication of price.

D) retaliation by rivals whose customers space stolen.


B) premium pricing.

Which the the complying with is considered an exact statement for a product in the growth period of the life cycle?

A) that is daunting to obtain market re-superstructure in expansion markets.

B) over there is much more price push in expansion markets.

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

D) Customers room brand faithful in the growth phase.


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

In the _______ phase of the sector life cycle, over there are countless segments, competition is very intense, and also the focus on procedure design is high.

A) introduction

B) expansion

C) maturity

D) decline


C) maturity

In a given market, crucial technology no longer has patent protection, experience is no an advantage, and there is a farming need to contend on price. What phase of that is life cycle is the industry in?

A) development

B) growth

C) maturity

D) decrease


C) maturity

A market that largely competes on the communication of price and also has stagnant expansion is characteristic of what life bicycle stage:

A) advent

B) growth

C) maturity

D) decrease


C) maturity

As sectors mature, firms should attempt to compete on the communication of _______.

A) quick solution

B) differentiation

C) price leadership

D) market emphasis


B) differentiation

As markets mature

A) costs continue to increase.

B) application for patents increase.

C) differentiation opportunities increase.

D) over there is increasing emphasis on efficiency.


D) over there is increasing focus on efficiency.

The dimension of pricing and differentiation advantages between competitors decreases in which stage of the sector life cycle?

A) introduction

B) development

C) maturity

D) decrease


C) maturity

Which that the following is most frequently true of mature markets?

A) Some competitors enjoy a far-reaching operating benefit due to increasing experience effects.

B) The industry supports premium pricing, i m sorry attracts additional competitors.

C) benefits that cannot be replicated by other rivals are daunting to achieve.

D) The size of pricing differences and product differentiation is larger than in the expansion stage.


C) advantages that can not be copied by other rivals are an overwhelming to achieve.

In the _________ stage of the market life cycle, over there are couple of segments, the emphasis on procedure design is low, and the significant functional locations of worry are general management and also finance.

A) advent

B) growth

C) maturity

D) decrease


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) decrease in the sector life cycle.


D) decrease in the industry life cycle.

During the decline stage the the industry life cycle, _______ describes obtaining as lot profit as possible and requires that prices be decreased quickly.

A) maintaining

B) harvest

C) exiting

D) consolidating


B) harvesting

Research shows that the following are all strategies supplied by firms engaged in successful turnarounds except

A) asset and cost surgery.

B) selective product and also market pruning.

C) an international expansion.

D) piecemeal efficiency improvements.


C) an international expansion.

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Piecemeal performance improvements throughout a turnaround generally does not indicate

A) business process reengineering.

B) enhanced capacity utilization.

C) benchmarking.

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


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

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