Answer all 10********** TRUE / FALSE QUESTIONS 1-In differentiation strategies,
ID: 420063 • Letter: A
Question
Answer all 10**********
TRUE / FALSE QUESTIONS
1-In differentiation strategies, the emphasis is on creating value through uniqueness.
Answer: ______
2- A best cost strategy combines the elements of low-cost leadership and differentiation.
Answer: ______
3- The industry life cycle portrays how sales volume for a class of products changes over its lifetime.
Answer: ______
4-. A competitive shakeout usually occurs at the beginning of the growth stage of the product life cycle.
Answer: ______
5- Analyzers are usually the first to enter new markets.
Answer: ______
6- Reactors are best suited to move quickly into new market opportunities.
Answer: ______
7- Experience effects and economies of scale both contribute to reduced costs per
unit.
Answer: ______
8- A business?level strategy consists of the competitive approach of a single line?of?business instead of the entire corporation.
Answer: _ _____
9- Market penetration is an external growth strategy.
Answer: _
10 In general, firms create competitive advantage by offering a basic product at a premium price and/or a preferred product at a low price.
Answer: ______
Explanation / Answer
1. True
2. True
3. True
4. False, as a competitive shakeout usually occurs at the beginning of the maturity stage of the product life cycle.
5. False, as Analyzers are usually not the first ones to enter new markets.
6. True
7. True
8. True
9. False, as Market penetration is an internal growth strategy.
10. False, as firms create competitive advantage by offering a basic product at low price, and premium price for the preferred product.
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