Question 1

Each stage of the value chain not only adds value to the product but also ________.

Accepted Answer

A)  improves supplier relationships 
B)  accumulates costs 
C)  devalues the final product 
D)  attracts competitors 
A)  improves supplier relationships 
B)  accumulates costs 
C)  devalues the final product 
D)  attracts competitors

Question 2

Which of the following primary value chain activities induce buyers to purchase a product and provide a means for them to do so?

Accepted Answer

A)  inbound logistics 
B)  sales and marketing 
C)  outbound logistics 
D)  operations/management 
A)  inbound logistics 
B)  sales and marketing 
C)  outbound logistics 
D)  operations/management

Question 3

An organization responds to the structure of its industry by choosing a ________ strategy.

Accepted Answer

A)  competitive 
B)  growth 
C)  leadership 
D)  diversification 
A)  competitive 
B)  growth 
C)  leadership 
D)  diversification

Question 4

Which of the following is a primary activity in the value chain?

Accepted Answer

A)  process of finding vendors 
B)  setting up contractual arrangements 
C)  negotiating prices 
D)  delivering products to consumers 
A)  process of finding vendors 
B)  setting up contractual arrangements 
C)  negotiating prices 
D)  delivering products to consumers

Question 5

Which of the following is true if the threat from substitutes is strong?

Accepted Answer

A)  Customers are likely to switch to competitors' products. 
B)  Competitors' products are of a lower quality. 
C)  Competitors are yet to overcome the entry barriers. 
D)  Prices of competitors' products are higher. 
A)  Customers are likely to switch to competitors' products. 
B)  Competitors' products are of a lower quality. 
C)  Competitors are yet to overcome the entry barriers. 
D)  Prices of competitors' products are higher.

Question 6

Describe the primary activities in a value chain using an example.

Accepted Answer

In a bicycle manufacturing unit,the prim

Question 7

Porter's five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.

Accepted Answer

A)  pricing 
B)  labor 
C)  competition 
D)  consumers 
A)  pricing 
B)  labor 
C)  competition 
D)  consumers

Question 8

The difference between the value that an activity generates and the cost of the activity is called the margin.

Accepted Answer

A) True 
 B)False

Question 9

Simpson's Lawn Services decides to offer two free mowing services for all customers who booked garden landscaping in the fall: Which of the following forces is Simpson's Lawn Services addressing?

Accepted Answer

A)  the control exercised by Acme Corp., who supplies Simpson's with lawn mowers 
B)  the power held by the landlord of the Simpson's office space 
C)  the threat posed by Roger's Landscapes, a new competitor 
D)  the bargaining power of the City Football Club who are Simpson's customers 
A)  the control exercised by Acme Corp., who supplies Simpson's with lawn mowers 
B)  the power held by the landlord of the Simpson's office space 
C)  the threat posed by Roger's Landscapes, a new competitor 
D)  the bargaining power of the City Football Club who are Simpson's customers

Question 10

The support activities in the generic value chain facilitate the primary activities and contribute only indirectly to a product's value.

Accepted Answer

A) True 
 B)False

Question 11

Support activities are business functions that relate directly to the production of the organization's products or services.

Accepted Answer

A) True 
 B)False

Question 12

Availability of substitutes plays a role in determining the bargaining power of suppliers.

Accepted Answer

A) True 
 B)False

Question 13

Vendor knowledge and vendor relationships serve as a barrier to entry for new competitors.

Accepted Answer

A) True 
 B)False

Question 14

Each stage of the generic value chain accumulates costs and subtracts value from the product.

Accepted Answer

A) True 
 B)False

Question 15

Business processes implement value chains or portions of value chains.

Accepted Answer

A) True 
 B)False

Question 16

A competitive strategy followed by an organization is derived from the ________ of its industry.

Accepted Answer

A)  function 
B)  structure 
C)  profits 
D)  goals 
A)  function 
B)  structure 
C)  profits 
D)  goals

Question 17

Which of the following groups' bargaining power is considered as one of the five competitive forces in Porter's five forces model?

Accepted Answer

A)  investors 
B)  competitors 
C)  employees 
D)  customers 
A)  investors 
B)  competitors 
C)  employees 
D)  customers

Question 18

Each value chain is supported by one or more business processes.

Accepted Answer

A) True 
 B)False

Question 19

Organizations analyze the structure of their industry and use that analysis to formulate a competitive strategy.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following competitive strategies does a company follow if it produces a uniquely formulated anti-ageing face cream targeted at women above the age of forty?

Accepted Answer

A)  industry-wide low cost 
B)  industry-wide differentiation 
C)  focus low cost 
D)  focus differentiation 
A)  industry-wide low cost 
B)  industry-wide differentiation 
C)  focus low cost 
D)  focus differentiation

Exam 3: Organizational Strategy information Systems and Competitive Advantage

Each stage of the value chain not only adds value to the product but also ________.

Which of the following primary value chain activities induce buyers to purchase a product and provide a means for them to do so?

An organization responds to the structure of its industry by choosing a ________ strategy.

Which of the following is a primary activity in the value chain?

Which of the following is true if the threat from substitutes is strong?

Describe the primary activities in a value chain using an example.

Porter's five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.

The difference between the value that an activity generates and the cost of the activity is called the margin.

Simpson's Lawn Services decides to offer two free mowing services for all customers who booked garden landscaping in the fall: Which of the following forces is Simpson's Lawn Services addressing?

The support activities in the generic value chain facilitate the primary activities and contribute only indirectly to a product's value.

Support activities are business functions that relate directly to the production of the organization's products or services.

Availability of substitutes plays a role in determining the bargaining power of suppliers.

Vendor knowledge and vendor relationships serve as a barrier to entry for new competitors.

Each stage of the generic value chain accumulates costs and subtracts value from the product.

Business processes implement value chains or portions of value chains.

A competitive strategy followed by an organization is derived from the ________ of its industry.

Which of the following groups' bargaining power is considered as one of the five competitive forces in Porter's five forces model?

Each value chain is supported by one or more business processes.

Organizations analyze the structure of their industry and use that analysis to formulate a competitive strategy.

Which of the following competitive strategies does a company follow if it produces a uniquely formulated anti-ageing face cream targeted at women above the age of forty?

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Introduction to Microsoft Excel 2013

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