19. All of the following are considered generic buniness-level strategies EXCEPT
ID: 345715 • Letter: 1
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19. All of the following are considered generic buniness-level strategies EXCEPT b, cost leadership. c. focused differentiation d. inlegrated cost 20. A business level strategy is egrased and coordinated set ofcommitments and actions the firm wes to gain competitive advaniage by exploiting core competencies in athe selection of industries in which the firm will compete. b. specific prodact markets c. primary value-chain activities d. particular goographic locations 21.A firm's core smtegy is its strategy s. pricing d.Intenational Indicate whether the statement is true or false 22. Gilobal competition has increased the options for consumers and has made it more imperative for fiems to idenaify the needs of customers to earn above-average returns .True . False 23. To posicion iself differenity from competitions, a fimm must decide wbether i intends to perfom acivites differently or to perform different activities. a. True b. False Indicate the answer choice that best completes the statement or answers the question 24. The effectiveness of any of the generic business-level strategies is contingent botdh on: a, customer needs and competitors' strategies b. the opportunities and threats in a firm's external environment and on the strengths and weaknesses derived from the firm's resource portfolio. c. the trends in the general consumer base and the robustness of the global and industry economy d. the firm's competitive scope and its competitive advantage. customers. -25. A cost leadership strategy targets the industry's a. most typical b. poorest c. least educated d. most frugal Page 4 Copyright Cengage Leaming Powered by CognaroExplanation / Answer
19. a) Product diversification
20. b) specific product markets
21. b) business level strategy
22. a) True
23. a) True
24. b) opportunities, and, threats in a firm's external environment, and, on the strengths and weaknesses derived from the resource portfolio
25. a) most typical
13. b Outsourcing allows firms to concentrate on areas in which they can create value
14 b Research and Development
15 b. organizational resource
7 b) organization not a good place to work at
8 c) core competency
9 c) Costly to imitate capabilities
10 a) Finance
11 c) Management information system
12 c) purchase of a value-creating activity from a supplier
1. c) declining number of inventions, and, patents
2. a) Can do
3 b) while simultaneously developing new ones
4) b) performance characteristics and attributes for which customers are willing to pay
5) b) uncertainty, complexity, and, intra-organizational conflicts
6. d Capability - Combining resources
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