BUSINESS STRATEGIC MANAGEMENT ANSWER THE FOLLOWING: TRUE OR FALSE? 11. Offensive
ID: 362709 • Letter: B
Question
BUSINESS STRATEGIC MANAGEMENT
ANSWER THE FOLLOWING: TRUE OR FALSE?
11. Offensive moves are when an organization attempts to exploit and strengthen its competitive position through attacks on a competitor's position 12. The cost leader will market products aimed at the average" customer 13. An organization' s competitive advantage can be eroded easily by competitor' s actions Competitive strategy is a choice of how an organization industry 14. or business unit is going to compete in its particular or market 15. One aspect of an organization' s product strategies is how the organizati on approaches new product development he reactor strategy is characterized by continually innovating and exploiting new products and market opportExplanation / Answer
11. True: When an organization attacks on the competitor’s position it is called offensive moves. A defensive move will be when a company is trying to save its competitive advantage
12. True: Cost leader ignore many other segment in the market and go after the average customers, with low cost product, to gain market share.
13. True: It is a very competitive world. Competitor’s actions if not reacted upon, can erode a business’s advantage easily
14. True: Competitive strategy is a strategy company follows to deal with the competitors in the industry and get competitive advantage.
15. True: New product development is an important part for any organization and it is integrated with the organization’s product strategy
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