'Mgmt Quiz\r'

'1. While there atomic number 18 many routes to belligerent avail, they all contract B. delivering superior respect to buyers in shipway rivals cannot readily match.\r\n2. A low- harmd drawing card can translate its low- live returns over rivals into superior lolly motion by B. either using its low-cost edge to underprice competitors and attract price sensitive buyers in large seemly numbers to increase total win or refraining from price-cutting and using the low-cost reinforcement to earn a bigger profit margin on each whole sold.\r\n3. The major avenues for achieving a cost return over rivals include A. liminating or curb non-essential cost-producing activities and performing essential value strand activities to a greater extent cost-effectively that rivals.\r\n \r\n4. A differentiation-based competitive reward E. often hinges on incorporating features that (1) raise the cognitive operation of the crossroad or (2) lower the buyers boilers suit cost of using th e companys product or (3) enhance buyer satisfaction in intangible or non-economic ways or (4) deliver value to customers by exploiting competitive capabilities that rivals cant match.\r\n5.Which of the following is not unitary of the pitfalls of a low-cost provider dodging? B. utilize a cost-based advantage to improve the companys bargain position with high-volume buyers\r\n6. Opportunities to differentiate a companys product gaping C. can exist in supply chain activities, R, manufacturing activities, distribution and transportation system or market placeing, sales and customer service.\r\n7. In which of the following circumstances is a dodging to be the industrys overall low-cost provider not in particular well matched to the market situation?When buyers have widely alter needs and special requirements and when the cost of switch over purchases from one seller to another be relatively high.8. The objective of competitive strategy is to B. build advantage in the marke t place by giving buyers superior value relative the offerings of rival sellers.9. Successful 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 wine types of competitive strategies include C. ow-cost provider, broad differentiation, centre low-cost, foc economic consumptiond 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 work well when E. every last(predicate) of these.13. The most benevolent approaches to differentiation atomic number 18 E. those that be high-risk for rivals to duplicate and that also have significant buyer appeal.\r\nRead also try 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 strat egy 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. perceive value and signaling value are often an important part of a successful differentiation strategy when E. All of these.18. A competitive strategy of song to be the low-cost provider is particularly attractive when E. switching costs are high, price competition 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 blue plan for securing a competitive advantage relative to rivals.\r\n'