Paragraph Styles Font Section A: Multiple Choice Questions (Answer all 25, each
ID: 388565 • Letter: P
Question
Paragraph Styles Font Section A: Multiple Choice Questions (Answer all 25, each worth 2%) Please embolden or highlight the correct answer. Q1 PEST analysis stands for: A. Political/Legal, Economies of Scale, Sociocultural, Technological B. Potential Entrants, Economic environment, Substitutes, Treat C. Political, Economic, Sociocultural, Technological D. Political/Legal, Economic, Social, Treat 02 In Porter's Five Forces Model, which of the following increases supplier power: A. The buyers are less price sensitive B. The supplying industry offers less differentiated products C. When it is costly to switch from one supplier to another D. The industry buyers have the ability to integrate vertically 03 Mirza is giving a group of students a tour of a bottle manufacturing facility, shows them the inbound stages explains who the suppliers are, how raw materials get into the facility, walks them through the ing, and managing the bottle production, and introduces the students to the operations of making, sell delivery euys. Mirza walking the students through these steps and stages of the bottle manufacturing facility is an example of: A. Value Chain B. Primary activities of a firm C. Characteristics of a capability D. Generic strategy matrix Q4 What are the two primary dimensions of competitive advantage? A. Cost advantage and differentiation advantage B. Internal and external environment C. Tangible and non-tangible values D. Segmentation and vertical integration 05 Which one is not true about Porter's Five Forces: A. It is static; generates only snapshots B. It takes advantage of internal aspects of a firm Does not guarantee sustainable competitive advantage for a firm D. Macro environment is not well integrat is an action plan the firm develops to produce goods or services that serve the 06 needs of a specific market segment. A Generic strategy B. Focus strategy C. Cost strategy D. Differentiation strategy 023 WORDSExplanation / Answer
Q1:-C: Political,Economical, Social, Technological
PEST analysis helps in understanding the external environment for any business or organisation much better.
q2:-C;- When it is costly to switch from one supplier to another
Q3:-A Value chain
The series of activity getting illustrated in detail which gives the students an idea about how value is added on each step involves in manufactruing and delivery of a product
Q4:-A cost and differential strategies
Cost advantage can attract more customers and the differential strategies with unique selling proposition or unique value proposition can provide competitive advantage
Q5:-C:It takes advantages of internal aspects of firm
Porters five force covers both internal and external ( Threats an opportunities are external), Strenght and weakness are internal
Q6:-Focus strategy
This helps in focusing on key requirements rather than dealing with multiple things at a time.
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