MGMT 4660 EXAM 2 REVIEW || WITH 100% ERRORLESS ANSWERS.
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Course
MGMT 4660
Institution
MGMT 4660
1. Generic strategies correct answers b.
Represent basic ways that domestic and multinational companies keep and achieve competitive advantage.
Which of the following is a primary generic strategy? correct answers b.
Low Cost
Differentiation leads to higher profits by correct answers d.
...
MGMT 4660 EXAM 2 REVIEW || WITH 100%
ERRORLESS ANSWERS.
1. Generic strategies correct answers b.
Represent basic ways that domestic and multinational companies keep and achieve competitive
advantage.
Which of the following is a primary generic strategy? correct answers b.
Low Cost
Differentiation leads to higher profits by correct answers d.
All of the above
A low cost strategy leads to higher profits by correct answers c.
The cost savings that firms achieve.
__________ strategies achieve higher profits by charging higher prices. correct answers b.
Differentiation
The value chain correct answers c.
Represents all the activities that a firm uses to design, produce, market, deliver, and support its
products.
Upstream activities in the value chain are concerned, in part, with correct answers c.
Input logistics.
Support activities include correct answers d.
None of the above
Sales and dealing with distribution channels refer to _________ activities in the value chain.
correct answers d.
Downstream
Capabilities that lead to competitive advantage must be correct answers c.
Valuable, rare, and hard to copy.
Competitive strategies correct answers b.
Are moves multinationals and other companies use to defeat competitors.
Offensive strategies correct answers b.
Are direct targeting/attacking of rivals.
Defensive strategies include correct answers d.
None of the above
, Strategies used to attempt to reduce the risk of being attacked are correct answers a.
Defensive competitive strategies.
Counter-parry correct answers c.
Is fending off a competitor's attack in one country by attacking the competitor in another
country.
Corporate level strategies correct answers d.
Are concerned with how companies choose their mixtures of different businesses.
Business level strategies correct answers c.
Are concerned with how single business companies choose strategies.
In related diversification correct answers c.
Companies acquire businesses that are similar in some way to their core business.
Acquisition of mixtures of businesses in any industry is correct answers b.
Unrelated diversification.
This is considered to be a popular and controversial way to address internal cost inefficiencies.
correct answers b.
Outsourcing
Market size, ease of entry and exit, and economies of scale are all examples of correct answers c.
Dominant economic characteristics.
Key success factors are correct answers b.
Important characteristics of a company or its product that lead to success in an industry.
The acronym SWOT stands for correct answers c.
Strengths, weakness, opportunities, and threats.
A strength is correct answers b.
Distinctive capability, resource, skill, or other advantage that a company has vis-à-vis its
competitors.
Weaknesses are correct answers a.
Lack of distinctive capabilities, resource, and skills that leads to competitive disadvantage
compared to competitors.
BMW and Mercedes view their Japanese rivals moves into the upscale car market as a/an correct
answers d.
Threat.
Matrix analyses correct answers a.
Help assess business portfolios.
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