Functional level Strategies – Test 1

Which is not the basis for differentiation ?

An organization using ________ strategy may concentrated on a particular group of customer geographic markets or particular product line segment

Determine whether the collective strength of five competitive forces is conducive to earning attractive profit.

Which refers to decline in the per unit cost of production as volume grows?

Introduction of products by new firm may lead incumbents firms to reduce their product prices & increase their advertising budget

When rivals feel strong motivation to utilize their capacity & therefore are inclined to cut prices when they have access capacity

Which is not the generic strategy of Michael Porter?

Which of these has a basic idea to underprice competitors & thereby gain market share and sales, driving some competitors out of the market entirely?

Which of these can fluctuate based on its supply & demand and also be influence but customer’s ideal value for product?

Rolls Royce sells limited number of high-end, custom-built cars.

Who is the foundation of an organization’s business level strategies?

Sharing activities & resources enhances competitive advantage by ________.

Which allows a firm when it is successful, to charge a higher price for its product & to customer loyalty?

Which strategy is most effective when consumers have distinctive preferences or requirement & rival firms are not attempting to specialize in same target segment?

Evaluate how strong the pressure comprising each of the five forces are?

Firms lacking of funds are effectively barred from the industry, thus enhancing profitability of existing firms in industry

Which is the result of committing substantial resources for long period & it is important for infrequently purchased products that carry a high cost to buyer?

Even when an industry leader exists, leader’s ability to exert pricing discipline diminishes with ______.

Issue about which business level strategies are concerned with is ______.

Which is a primary reason for pursuing forward, backward, & horizontal integration strategies?

Rivalry among competitors tends to be cutthroat & industry profitability low when

Which of these is concerned with firm’s position in an industry, relative to competitors & to the five forces of competition?

Smaller firms often compete using ________strategy.

Product development is example of strategy that offers the advantage of _________.

Which is depend on an industry segment that is of sufficient size, has good growth potential & is not crucial to success of other major competitors?

Which is not the way of best cost provider strategy?

Identify the specific competitive pressures associated with each of five forces

Which is not the barrier for new entrance?

When switching are high, buyers are often _________.

Who can discourage prize wars by disciplining initiators of such activity?