Market niche strategy - Study guides, Class notes & Summaries

GEB 4890 Exam One Study Guide Questions And Answers (Verified And Updated) Strategy - answerthe coordinated set of actions that its managers take in order to outperform the company's competitors and achieve superior profitability -Objective of a well-crafted strategy is not merely temporary competitive success and profits in the short run, but rather the sort of lasting success that can support growth and secure the company's future over the long term -Strategy, at its essence, is about...

Define competitive strategy - Answer-Specific efforts to position yourself in the marketplace, please customers, ward off competitive threats, and achieve a competitive advantage. What is the purpose of competitive strategy? - Answer-To build customer loyalty and outcompete rivals. Identify the 5 generic competitive strategies - Answer--Low-cost provider -Broad differentiation -Focused low-cost provider -Focused differentiation strategy -Best-cost provider Low-cost provider strategy - An...

WGU C236 Compensation and Benefits Test (2024 Update) || All Questions & Answers (Rated A+) WGU C236 Compensation and Benefits Test (2024 Update) || All Questions & Answers (Rated A+) Total Rewards - ANSWER - Refers to all forms of pay and compensation. Three forms of rewards - ANSWER - - Cash - Benefits - Intangibles Strategy - ANSWER - Process by which an organization decided which products and services to sell Cash Compensation - ANSWER - Monetary pay that employees receive in ...

company strategy - Answer-the set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: - Answer-are elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors--reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approaches for setting a company apart from rivals and w...

BUSINESS STRATEGY PRACTICE EXAM 2024 QUESTIONS AND ANSWERS NEW UPDATE A frequently used and dependable strategic approach to setting a company apart from rivals and winning a competitive advantage includes _______________________ A. developing expertise and resource strengths that give the company competitive capabilities that rivals can't easily imitate or trump with capabilities of their own. B. focusing on a narrow market niche and winning a competitive edge by doing a better job than ri...

GEB 4890 - Exam 2 Latest Already Passed business strategy A leadership plan that achieves a specific set of goals or objectives generic strategies fundamental philosophical options for the design of strategies low cost provider strategy striving to achieve lower overall costs than rivals on comparable products that attract a broad spectrum of buyers broad differentiation strategy seeking to differentiate the company's product or service from rivals' in ways that will appeal to a broad sp...

WMU MKTG 2500 FINAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Producers of popular beverages often partner with global music channels to target consumers through a variety of promotional events and advertisements. This approach to marketing is referred to as ________ segmentation. intermarket One reason demographic variables are the most popular bases for segmenting customer groups is because they ________. are easier to measure than other variables Which of the followin...

Which of the following is a firm effect that has an impact on the competitive advantage of a firm? A) The value and the cost position of the firm relative to its competitors B) The exit barriers within the industry in which the firm operates C) The intensity of rivalry among existing companies in the firm's chosen industry D) The number of companies operating in the industry in which the firm operates correct answers A A firm's business strategy will lead to a competitive advantage if i...

GEB 4890 Exam Questions With Verified Answers Company strategy - answerthe set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: - answerare elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors- -reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approache...

_________________ are management actions that primarily attempt to influence aptitude and personal characteristics. - ️️Recruitment and selection policies A ___________ environment affords the opportunity to combine large amounts of information and then use __________ techniques to learn more about current and potential customers. - ️️Data warehouse; data mining A Cleveland, Ohio, men's clothing manufacturer has a low industry market share, but it has a high market share with its targ...