Diseconomies of scale - Study guides, Class notes & Summaries

The Strategic Management Process correct answers 1) mission 2) objectives 3) external analysis/internal analysis 4) strategic choice 4a) Business level strategy = how to position a business in the market 4b) corporate level strategy = which businesses to enter 5) strategy implementation 6) competitive advantage Business Level Strategies correct answers Two Generic Business Level Strategies Cost Leadership = • generate economic value by having lower costs than competitors Produ...

Which of the following is a reason why a firm would experience diseconomies of scale? a. As the size of the firm increases it becomes more difficult to coordinate the operations of its manufacturing plants. b. To finance an increase in the size of its plant a firm must borrow more money or sell more shares of stock. c. As the size of the firm increases, it becomes more difficult to find markets where it doesn't already have operations. d. As the size of the firm increases, it must o...

WPC 470 Moore ASU Final Exam Questions And Answers The goal-directed actions managers take in their quest for competitive advantage when competing in a single product market - ANSWER- Business-level strategy Business level strategy that successfully combines differentiation and cost-leadership activities using value innovation to reconcile the inherent tradeoffs - ANSWER- Blue ocean strategy Generic business strategy that seeks to create the same or similar value for customers at a lowe...

capacity utilization rate correct answers capacity used/best operating level capacity correct answers the ability to hold, receive, store, or accommodate Strategic Capacity Planning correct answers an approach for determining the overall capacity level of capital intensive resources, including facilities, equipment, and overall labor force size that supports the company's long-range strategy best operating level correct answers The level of capacity for which the process was designed a...

WPC 470 Moore ASU Final Exam With Correct Questions & Answers The process by which people undertake economic risk to innovate- to create new products, processes, and sometimes new organizations - Entrepreneurship Competitive benefits that accrue to the successful innovator - Firstmover advantages The five different stages; introduction, growth, shakeout, maturity, and decline, that occur in the evolution of an industry over time - Industry life cycle The positive effect (externali...

Business-level strategy -:- The goal-directed actions managers take in their quest for competitive advantage when competing in a single product market Blue ocean strategy -:- Business level strategy that successfully combines differentiation and costleadership activities using value innovation to reconcile the inherent tradeoffs Cost-leadership strategy -:- Generic business strategy that seeks to create the same or similar value for customers at a lower cost Differentiation strateg...

Economies of scale correct answers If, when a firm double all its inputs, its average cost of production decreases, then production displays A - diminishing returns B - economies of scale C - diseconomies of scale D - declining fixed costs The lowest average cost of producing every level of output in the long run correct answers The long-run average cost curve shows A - the lowest average cost of producing every level of output in the long run B - where the most profitable level of ...

ECON 101 Week 7 Quiz Winter 2024 Already passed;AMU Week 7 Quiz (Chapter 11) - Results Attempt 1 of 1 Written Apr 26, 2024 9:53 AM - Apr 26, 2024 10:13 AM Attempt Score 100 / 100 - 100 % Overall Grade (Highest Attempt) 100 / 100 - 100 % Question 1 10 / 10 points Monopolistic competition is an industry characterized by a: small number of firms producing identical products, with barriers to entry for firms. small number of firms producing similar products, with rel...

In terms of firm production and costs, the short-run is defined as a.) an approximately 10-year interval. b.) the period when at least one input is fixed. c.) the situation where the firm has no fixed costs. d.) all of the above. correct answers b.) the period when at least one input is fixed. Which of the following characteristics IS NOT one of the characteristics of perfect competition? a.) a few sellers b.) identical product c.) perfect information d.) no barriers to entry correct answers ...

The Strategic Management Process correct answers 1) mission 2) objectives 3) external analysis/internal analysis 4) strategic choice 4a) Business level strategy = how to position a business in the market 4b) corporate level strategy = which businesses to enter 5) strategy implementation 6) competitive advantage Business Level Strategies correct answers Two Generic Business Level Strategies Cost Leadership = • generate economic value by having lower costs than competitors Produ...