PART-MULTIPLE CHOICE. Select and respond to EIGHTEEN (18) ollowing questions. (E
ID: 332022 • Letter: P
Question
PART-MULTIPLE CHOICE. Select and respond to EIGHTEEN (18) ollowing questions. (Each correct answer 2 points) Which of the following is not one of the four basic routes to achieving a 1. differentiation-based competitive advantage? Striving to capture all available economies of scale B) Incorporating tangible features that raise product performance C) Incorporating product attributes and user features that lower the buyer's verall costs of using the company's product D) Delivering value to customers via competencies and competitive capabilite at rivals don't have or can't afford to match E) Incorporating features that enhance buyer satisfaction in intan omic waysExplanation / Answer
A. Striving to capture economies of all scale
Explanation
Striving to capture and use economies of all scale offers cost based competitive advantage, not differentiation based
The remaining four options offer differentiation based competitive advantage
A. Incorporating product attributes and user features that lower a buyer's overall cost of using the product
B. Incorporating features that raise the performance a buyer gets from using the product
C. Incorporating features that enhance buyer satisfaction in non-economic or intangible ways
D. Delivering value to customers via competencies and competitive capabilities that rivals don't have or can't afford to match
Answer
Hierarchical command-and-control structures speed an organization's responses to changing conditions because top-level managers are in a position to quickly review the situation and make a final decision.
Explanation
Centralized approach and hierarchy slow down decision making, not speed up
In centralized organizational structure,
3.In the case of a single-business company, these two levels of the strategy-making hierarchy merge into one level— Business Strategy—that is orchestrated by the company’s CEO and other top executives.
Answer
c the corporate and business strategy
Explanation
In a corporation with multiple businesses there will be a corporate strategy for the whole corporation and the individual business units will have their own business strategy. In single business company, the corporation has only one businesses, the corporate and business strategy merger together
4.Which of the following is not a good example of a substitute product that triggers stronger competitive pressures?
Answer
c. coca cola as a substitute for Pepsi
The others are substitutes. coca cola and pepsi are competitors not substitutes. They both are the same goods
Substitutes are different goods that satisfy the same needs. E.g. cola and Lemon juice satify the need -thirst
5.Six sigma
Answer
is a disciplined, statistics-based approach to manufacturing or assembling a product and results in 5 defects per million iterations when implemented properly.
Explanation
Six sigma is not an advanced statistical approach is equivalently good as TQM. It can be used even for service activities not just manufacturing and assembly activities
6.Answer
Explanation
The following increase the barriers to entry
7.
Answer
as the number of rivals increases and as they become more equal in size and competitive capability
Explanation
rivalry among competing sellers get weak when there is strong buyer loyalty, rapid growth in buyer demand, and when there are rivals (one company's actions tends to have little impact on the business of rivals.). rivalry increase when the number of rivals increases and as they become more equal in size and competitive capability
8.
Answer
Competitive pressures associated with the threat of new entrants grow stronger when
Explanation
Competitive pressures associated with the threat of new entrants grow stronger when
9.
Answer
High capital requirements, difficulties in building a network of distributors-retailers and securing adequate space on retailers' shelves
Explanation
The following increase the barriers to entry
10.
Answer
company’s value chain consists of consists of the collection of activities it performs in the course of designing, producing, marketing, delivering, and supporting its product or service and delivering value to customers-
Explanation
A company’s value chain consists of consists of the collection of activities it performs in the course of designing, producing, marketing, delivering, and supporting its product or service and delivering value to customers-
(a) the primary activities - foremost in creating value
(b) support activities - that facilitate the performance of the pr
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