Bpl 5100 quiz 2 - Study guides, Class notes & Summaries

BPL 5100 QUIZ 2 Questions with Answers Introduction stage of product life cycle - Answer-The product is introduced to the target market. Characterized by: 1. Sales grow slowly. 2. Minimal profits as a result of large investment costs in development Growth stage of product life cycle - Answer-Characteristics: •Rapid increases in sales •Competition appears •Profit peaks •Advertising shifts to selective demand. •Sales grow at an increasing rate because of new people trying ...

BPL 5100 Quiz 2 Questions with Correct Answers What is a simple structure? - Answer-- used for very small businesses -single/narrow product line ~ owner-manager makes most of the decisions -highly informal, owner involved in everything, heavy supervision What are the pros of a simple structure? - Answer-1. decisions made qucikly 2. owner is aware of everything 3. owner can make decisions that's best for the business overall What two questions does corporate strategy answ...

BPL 5100 Quiz 2 with Complete Solutions Graded A+ The introduction stage is when: - Answer-- Products are ~unfamiliar~ to consumers - Market segments are ~not well-defined~ - Product features are ~not clearly specified~ - Limited competition Introduction stage strategies: - Answer--Develop product and get users to try it -Generate exposure so product becomes "standard" The growth stage is: - Answer-- Characterized by ~strong increases in sales~ - ~Attractive~ to potential compe...

BPL 5100 QUIZ 2

BPL 5100 QUIZ 2 >> QUESTIONS AND ANSWERS LATEST | 2024 To create a competitive edge companies need to focus on ________________ - customers' evolving wants and needs Porter's three generic strategies: - 1. Overall Cost Leadership 2. Differentiation 3. Focus Differentiation is perceived from the____________ - client/customer Differentiated goods are the opposite of__________ - luxury goods Luxury goods are only for__________. Differentiated goods are marketed to ____________ - a n...

BPL 5100 Quiz 2 Exam Questions Marking Scheme Current Update How to overcome the five forces and achieve competitive advantage? - Answer -Porter's three generic strategies Porter's Three generic strategies - Answer -1. Overall Cost Leadership 2. Differentiation 3. Focus Overall Cost leadership involes - Answer -- aggressive construction of efficient scale facilities - vigorous pursuit of cost reductions from experience - tight cost and overhead control - avoidance of margina...

BPL 5100 QUIZ 2 | Questions And Answers Latest {} A+ Graded | 100% Verified

BPL 5100 Quiz 2 | Questions And Answers Latest {} A+ Graded | 100% Verified

To create a competitive edge companies need to focus on ________________ correct answers customers' evolving wants and needs Porter's three generic strategies: correct answers 1. Overall Cost Leadership 2. Differentiation 3. Focus Differentiation is perceived from the____________ correct answers client/customer Differentiated goods are the opposite of__________ correct answers luxury goods Luxury goods are only for__________. Differentiated goods are marketed to ____________ corr...

external control view of leadership correct answers situations in which external forces - where the leader has limited influence - determine the organization's success Strategic Management correct answers the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. competitive advantage correct answers a firm's resources and capabilities that enable it to overcome the competitive forces in its industry Operational Effectiveness...