Exam (elaborations)
WPC 480 - Chapter 6 Exam Questions and Answers
- Course
- Institution
WPC 480 - Chapter 6 Exam Questions and Answers
[Show more]
Content preview
WPC 480 - Chapter 6 Exam Questionsand Answers
Business iilevel iistrategy ii- iiAnswers ii-The iigoal-directed iiactions iimanagers iitake iiin
iitheir iiquest iifor iicompetitive iiadvantage iiwhen iicompeting iiin iia iisingle iiproduct iimarket.
Who ii- iiAnswers ii-Which iicustomer iisegments iiwill iiwe iiserve?
What ii- iiAnswers ii-What iicustomer iineeds, iiwishes, iiand iidesired iiwill iiwe iisatisfy?
Why ii- iiAnswers ii-Why iido iiwe iiwant iito iisatisfy iithem?
How ii- iiAnswers ii-How iiwill iiwe iisatisfy iiour iicustomers' iineeds?
Industry iifirm iieffects ii- iiAnswers ii-To iiformulate iian iieffective iibusiness iistrategy,
iimanagers iineed iito iikeep iiin iimind iithat iicompetitive iiadvantage iiis iidetermined iijointly
iiby ii______ iiand ii______ ii______.
Strategic iitrade iioffs ii- iiAnswers ii-Choices iibetween iia iicost iior iivalue iiposition. iiSuch
iichoices iiare iinecessary iibecause iihigher iivalue iicreation iitends iito iigenerate iihigher
iicost.
Differentiation iistrategy ii- iiAnswers ii-Generic iibusiness iistrategy iithat iiseeks iito iicreate
iihigher iivalue iifor iicustomers iithan iithe iivalue iithat iicompetitors iicreate.
Cost iileadership iistrategy ii- iiAnswers ii-Generic iibusiness iistrategy iithat iiseeks iito iicreate
iithe iisame iior iisimilar iivalue iifor iicustomer iiat iia iilower iicost.
Scope iiof iicompetition ii- iiAnswers ii-The iisize- iinarrow iior iibroad ii- iiof iithe iimarket iiin
iiwhich iia iifirm iichooses iito iicompete.
Focused iicost iileadership iistrategy ii- iiAnswers ii-Same iias iithe iicost-leadership iistrategy
iiexcept iiwith iia iinarrow iifocus iion iia iiniche iimarket.
Focused iidifferentiation iistrategy ii- iiAnswers ii-Same iias iithe iidifferentiation iistrategy
iiexcept iiwith iia iinarrow iifocus iion iia iiniche iimarket.
Increase iithe iiperceived iivalue ii- iiAnswers ii-The iigoal iiof iia iidifferentiation iistrategy iiis iito
iiadd iiunique iifeatures iithat iiwill ii______ ii______ ii______ ii______ iiof iigoods iiand
iiservices iiin iithe iiminds iiof iiconsumers iiso iithey iiare iiwilling iito iipay iia iihigher iiprice.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now