Multiple Choice Questions

Improving product design and production techniques and striving hard to operate all production facilities at full capacity
  • Which of the following statements about a best-cost provider strategy is false?
  • Which of the following is not an action that a company can take to do a better job than rivals of performing value chain activities more cost-effectively?
  • Which of the following is not one of the ways that a company can achieve a cost advantage by revamping its value chain?
  • Which of the following is not one of the pitfalls of a low-cost provider strategy?
a company's product can command a sufficiently higher price or generate sufficiently bigger unit sales to more than cover the added costs of achieving the differentiation
  • The most appealing approaches to differentiation are those that
  • Broad differentiation strategies are well-suited for market circumstances where
  • Which of the following statements about a best-cost provider strategy is false?
  • A broad differentiation strategy enhances company profitability whenever
using its lower-cost edge to underprice competitors and attract price-sensitive buyers in great enough numbers to increase total profits
  • One way a company can translate a low-cost advantage over rivals into attractive profit performance is by
  • For all types of competitive strategies, success in sustaining the intended competitive edge over rivals depends on having
  • The two biggest factors that distinguish one competitive strategy from another concern
  • Which of the following is not one of the pitfalls of a low-cost provider strategy?
the products of rival sellers are essentially identical and readily available from many eager sellers, a big fraction of the industry's sales are made to large-volume buyers with significant power to bargain down prices, and it is hard to achieve product differentiation in ways that have value to buyers
  • A low-cost provider strategy works quite well when
  • Best-cost provider strategies
  • The pitfalls of a differentiation strategy include
  • A focused low-cost strategy seeks to achieve competitive advantage by
there are may ways to differentiate the product or service that have value to buyers
  • A broad differentiation strategy enhances company profitability whenever
  • The two biggest factors that distinguish one competitive strategy from another concern
  • The risks of a focused strategy do not include which one of the following?
  • Broad differentiation strategies are well-suited for market circumstances where
differentiating on the basis of attributes that produce an unenthusiastic response on the part of buyers (because they do not perceive the differentiating features as valuable or worth paying for)
  • The essence of a broad differentiation strategy is to
  • The generic types of competitive strategies include
  • The most appealing approaches to differentiation are those that
  • The pitfalls of a differentiation strategy include
low-cost provider strategies, focused low-cost strategies, best-cost provider strategies, broad differentiation strategies, and focused differentiation strategies
  • The essence of a broad differentiation strategy is to
  • The pitfalls of a differentiation strategy include
  • The most appealing approaches to differentiation are those that
  • The generic types of competitive strategies include
are hard or expensive for rivals to duplicate- easy -to-copy differentiating features cannot produce sustainable competitive advantage
  • The risks of a focused strategy do not include which one of the following?
  • The two biggest factors that distinguish one competitive strategy from another concern
  • The essence of a broad differentiation strategy is to
  • The most appealing approaches to differentiation are those that
has a strong influence on a company's costs
  • Best-cost provider strategies
  • A "cost driver" is a factor that
  • A low-cost provider strategy works quite well when
  • A broad differentiation strategy enhances company profitability whenever
serving buyers in the target market niche at a lower cost and lower price than rival competitors- this requires out-managing rivals in using the cost drivers to perform value chain activities more cost efficiently and/or finding innovate ways to bypass non-essential value chain activities
  • Which of the following is not one of the pitfalls of a low-cost provider strategy?
  • A low-cost provider strategy works quite well when
  • A broad differentiation strategy enhances company profitability whenever
  • A focused low-cost strategy seeks to achieve competitive advantage by
at least some unique and valuable resources/capabilities that are either (1) hard for rivals to duplicate or (2) hard to develop offsetting close substitute resources/capabilities
  • Which of the following statements about a best-cost provider strategy is false?
  • For all types of competitive strategies, success in sustaining the intended competitive edge over rivals depends on having
  • Which of the following is not an action that a company can take to do a better job than rivals of performing value chain activities more cost-effectively?
  • In which one of the following instances is a focused strategy keyed either to low-cost or differentiation not likely to work well?
Failing to slash price far enough below what rivals are charging to achieve dramatically large gains in sales volume and market share
  • Which of the following is not one of the ways that a company can achieve a cost advantage by revamping its value chain?
  • Which of the following statements about a best-cost provider strategy is false?
  • Which of the following is not an action that a company can take to do a better job than rivals of performing value chain activities more cost-effectively?
  • Which of the following is not one of the pitfalls of a low-cost provider strategy?
Most buyers use the product in the same ways, the products of rival sellers are essentially identical and readily available from many eager sellers, and price competition among rival sellers is vigorous
  • In which one of the following instances is a focused strategy keyed either to low-cost or differentiation not likely to work well?
  • Which of the following is not an action that a company can take to do a better job than rivals of performing value chain activities more cost-effectively?
  • Which of the following is not one of the ways that a company can achieve a cost advantage by revamping its value chain?
  • For all types of competitive strategies, success in sustaining the intended competitive edge over rivals depends on having
the potential for buyer needs and uses the product to become even more diverse
  • The risks of a focused strategy do not include which one of the following?
  • The essence of a broad differentiation strategy is to
  • Broad differentiation strategies are well-suited for market circumstances where
  • The most appealing approaches to differentiation are those that
aim at a competitive advantage based on giving customers the best value for the money - success hinges on developing the capability to incorporate attractive upscale attributes at a lower cost than those rivals with comparable upscale product offerings, thereby putting the company in a position to underprice rivals with similar-caliber product offerings
  • A low-cost provider strategy works quite well when
  • A "cost driver" is a factor that
  • The most appealing approaches to differentiation are those that
  • Best-cost provider strategies
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Multiple Choice Questions
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