1. Growth through the acquisition of one or more similar firms operating at the
ID: 405687 • Letter: 1
Question
1. Growth through the acquisition of one or more similar firms operating at the same stage of the production ' marketing chain refers to Select one: A. product development B. joint ventures C. conglomerate diversification D. horizontal integration
2. The two most prominent sources of competitive advantage for a business are: Select one: A. integration and intensive. B. cost and differentiation. C. people and products. D. products and services.
3. Which kind of bankruptcy provides time and protection to the debtor firm? Select one: A. Chapter 5 bankruptcy B. Chapter 7 bankruptcy C. Chapter 11 bankruptcy D. Chapter 12 bankruptcy Next
4. Striving to create and market unique products for varied customer groups is called: Select one: A. cost leadership. B. differentiation. C. focus. D. concentrated growth.
5. For success in growth industries, business strategies require which of these features? Select one: A. Ability to rapidly improve product qualities and performance features. B. Ability to differentiate the firm's products from competitors entering the market C. Emphasis on process innovation that permits low-cost product design, manufacturing methods, and distribution synergy. D. Gradually harvest the business
Explanation / Answer
Answer:
1. Growth through the acquisition of one or more similar firms operating at the same stage of the production ' marketing chain refers to Select one: A. product development B. joint ventures C. conglomerate diversification D. horizontal integration
Answer: Horizontal integration
2. The two most prominent sources of competitive advantage for a business are: Select one: A. integration and intensive. B. cost and differentiation. C. people and products. D. products and services.
Answer: people and products
3. Which kind of bankruptcy provides time and protection to the debtor firm? Select one: A. Chapter 5 bankruptcy B. Chapter 7 bankruptcy C. Chapter 11 bankruptcy D. Chapter 12 bankruptcy Next
Answer: Chapter-11 bankruptcy
4. Striving to create and market unique products for varied customer groups is called: Select one: A. cost leadership. B. differentiation. C. focus. D. concentrated growth.
Answer: focus
5. For success in growth industries, business strategies require which of these features? Select one: A. Ability to rapidly improve product qualities and performance features. B. Ability to differentiate the firm's products from competitors entering the market C. Emphasis on process innovation that permits low-cost product design, manufacturing methods, and distribution synergy. D. Gradually harvest the business
Answer: Emphasis on process innovation that permits low-cost product design, manufacturing methods, and distribution synergy
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