Question 1

A strategic group map categorizes _____.

Accepted Answer

A)  competitors into groups by size 
B)  competitors into regions around the country 
C)  competitors into groups by the price charged 
D)  competitors into groups that follow similar strategies 
E)  different industries into groups based on competitive success 
A)  competitors into groups by size 
B)  competitors into regions around the country 
C)  competitors into groups by the price charged 
D)  competitors into groups that follow similar strategies 
E)  different industries into groups based on competitive success

Question 2

A cost leader does _____.

Accepted Answer

A)  need to cut costs in every aspect of the firm at all times 
B)  not need to be a price leader 
C)  not need to worry about imitation 
D)  not need to focus on the potential cutting of costs too deeply 
E)  need to make sure the product is unique 
A)  need to cut costs in every aspect of the firm at all times 
B)  not need to be a price leader 
C)  not need to worry about imitation 
D)  not need to focus on the potential cutting of costs too deeply 
E)  need to make sure the product is unique

Question 3

The classification system for business-level strategies based on common strategic characteristics is _____.

Accepted Answer

A)  generic business strategy 
B)  competitive dynamics 
C)  business level strategy 
D)  low-cost leadership strategy 
E)  differentiation strategy 
A)  generic business strategy 
B)  competitive dynamics 
C)  business level strategy 
D)  low-cost leadership strategy 
E)  differentiation strategy

Question 4

The extent to which the assets of an organization are associated with plants, equipment, and other fixed assets is _____.

Accepted Answer

A)  entry barriers 
B)  exit barriers 
C)  capital intensity 
D)  high capacity utilization 
E)  economies of scale 
A)  entry barriers 
B)  exit barriers 
C)  capital intensity 
D)  high capacity utilization 
E)  economies of scale

Question 5

Domino's Pizza has done well using which approach to gain the market share in the pizza industry?

Accepted Answer

A)  aggressive strategy 
B)  collaboration strategy 
C)  retaliation strategy 
D)  first mover advantage 
E)  strategic flexibility 
A)  aggressive strategy 
B)  collaboration strategy 
C)  retaliation strategy 
D)  first mover advantage 
E)  strategic flexibility

Question 6

The _____ portrays how sales volume for a product category changes over time.

Accepted Answer

A)  product life cycle 
B)  production volume cycle 
C)  learning curve 
D)  industry life cycle 
E)  strategy life cycle 
A)  product life cycle 
B)  production volume cycle 
C)  learning curve 
D)  industry life cycle 
E)  strategy life cycle

Question 7

A differentiation strategy could have sustainable differentiation based on _____.

Accepted Answer

A)  brand or reputation 
B)  cost control 
C)  efficient manufacturing 
D)  cost saving technology 
E)  outsourcing 
A)  brand or reputation 
B)  cost control 
C)  efficient manufacturing 
D)  cost saving technology 
E)  outsourcing

Question 8

The key to a best-value strategy is _____.

Accepted Answer

A)  control of costs 
B)  product differentiation 
C)  supply and demand economics 
D)  a clear mission 
E)  a consistent structure 
A)  control of costs 
B)  product differentiation 
C)  supply and demand economics 
D)  a clear mission 
E)  a consistent structure

Question 9

The strategy used when a firm pursues competitive advantage by pursuing both cost leadership and differentiation strategies is _____.

Accepted Answer

A)  best-value strategy 
B)  business level strategy 
C)  generic business strategy 
D)  competitive advantage 
E)  low-cost leadership strategy 
A)  best-value strategy 
B)  business level strategy 
C)  generic business strategy 
D)  competitive advantage 
E)  low-cost leadership strategy

Question 10

The strategy used when a firm pursues competitive advantage through efficient cost production is _____.

Accepted Answer

A)  focus strategy 
B)  business level strategy 
C)  generic business strategy 
D)  differentiation 
E)  low-cost leadership strategy 
A)  focus strategy 
B)  business level strategy 
C)  generic business strategy 
D)  differentiation 
E)  low-cost leadership strategy

A strategic group map categorizes _____.

A cost leader does _____.

The classification system for business-level strategies based on common strategic characteristics is _____.

The extent to which the assets of an organization are associated with plants, equipment, and other fixed assets is _____.

Domino's Pizza has done well using which approach to gain the market share in the pizza industry?

The _____ portrays how sales volume for a product category changes over time.

A differentiation strategy could have sustainable differentiation based on _____.

The key to a best-value strategy is _____.

The strategy used when a firm pursues competitive advantage by pursuing both cost leadership and differentiation strategies is _____.

The strategy used when a firm pursues competitive advantage through efficient cost production is _____.

Strategic Management

The Environment and External Stakeholders

Strategic Direction

Organizational Resources and Competitive Advantage

Corporate-Level Strategy and Restructuring

Strategy Implementation Through Interorganizational Relationships and Management of Functional Resources

Strategy Implementation Through Organizational Design and Control

Strategies for Entrepreneurship and Innovation

Global Strategic Management and the Future

Filters

Exam 5: Strategy Formulation at the Business-Unit Level

A strategic group map categorizes _____.

A cost leader does _____.

The classification system for business-level strategies based on common strategic characteristics is _____.

The extent to which the assets of an organization are associated with plants, equipment, and other fixed assets is _____.

Domino's Pizza has done well using which approach to gain the market share in the pizza industry?

The _____ portrays how sales volume for a product category changes over time.

A differentiation strategy could have sustainable differentiation based on _____.

The key to a best-value strategy is _____.

The strategy used when a firm pursues competitive advantage by pursuing both cost leadership and differentiation strategies is _____.

The strategy used when a firm pursues competitive advantage through efficient cost production is _____.

Strategic Management

The Environment and External Stakeholders

Strategic Direction

Organizational Resources and Competitive Advantage

Corporate-Level Strategy and Restructuring

Strategy Implementation Through Interorganizational Relationships and Management of Functional Resources

Strategy Implementation Through Organizational Design and Control

Strategies for Entrepreneurship and Innovation

Global Strategic Management and the Future

Filters