MGMT 4513 FINAL EXAM QUESTIONS & VERIFIED
ANSWERS
Correct 93
Incorrect 00
Your answers
1 of 93
Term
A manufacturing business pursuing cost leadership will likely
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teh legitimacy and reputation of a
returned to them as dividends
firm.
broadly-defined target market is to a rely on experience effects to
cost leadership strategy. raise efficiency.
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2 of 93
,Term
Focus strategy examples
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Threat of new entrants, bargaining
power of buyers, threat of substitute
Focused on the future
products, bargaining power of
suppliers and customers.
Particular buyer group (e.g.
youths or senior citizens and
False Different geographic markets
(e.g. East coast versus West
coast)
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3 of 93
Definition
low and stable
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The downsides or limitations of The hierarchy of organizational goals
mergers and acquisitions include all is in this order (least specific to most
of the following except: specific):
, If an industry has high exit
The bargaining power of suppliers is
barriers and high entrance
enhanced under the following market
barriers, returns to the industry
condition:
should be
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4 of 93
Term
Which of the following is NOT a disadvantage of licensing?
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If several competitors pursue similar
differentiation tactics, they may all be The high costs of establishing
perceived as equals in the mind of manufacturing facilities.
the consumer.
It has important implications for a
firm's generic strategies, functional decreased emphasis on competition
areas, value-creating activities, and based on price.
overall objectives.
Don't know?
5 of 93
Definition
, If several competitors pursue similar differentiation tactics, they may all
be perceived as equals in the mind of the consumer.
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Which of the following is NOT an entry barrier to an industry?
High product differentiation is generally accompanied by
Which of the following is false regarding how a differentiation strategy can help a
firm to improve its competitive position vis-à-vis Porter's five forces?
Which statement regarding competitive advantages is true?
Don't know?
6 of 93
Term
Organizational goals and objectives should be vague in order to allow
changes in strategy. T/F
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sociocultural chamges. True
ANSWERS
Correct 93
Incorrect 00
Your answers
1 of 93
Term
A manufacturing business pursuing cost leadership will likely
Give this one a try later!
teh legitimacy and reputation of a
returned to them as dividends
firm.
broadly-defined target market is to a rely on experience effects to
cost leadership strategy. raise efficiency.
Don't know?
2 of 93
,Term
Focus strategy examples
Give this one a try later!
Threat of new entrants, bargaining
power of buyers, threat of substitute
Focused on the future
products, bargaining power of
suppliers and customers.
Particular buyer group (e.g.
youths or senior citizens and
False Different geographic markets
(e.g. East coast versus West
coast)
Don't know?
3 of 93
Definition
low and stable
Give this one a try later!
The downsides or limitations of The hierarchy of organizational goals
mergers and acquisitions include all is in this order (least specific to most
of the following except: specific):
, If an industry has high exit
The bargaining power of suppliers is
barriers and high entrance
enhanced under the following market
barriers, returns to the industry
condition:
should be
Don't know?
4 of 93
Term
Which of the following is NOT a disadvantage of licensing?
Give this one a try later!
If several competitors pursue similar
differentiation tactics, they may all be The high costs of establishing
perceived as equals in the mind of manufacturing facilities.
the consumer.
It has important implications for a
firm's generic strategies, functional decreased emphasis on competition
areas, value-creating activities, and based on price.
overall objectives.
Don't know?
5 of 93
Definition
, If several competitors pursue similar differentiation tactics, they may all
be perceived as equals in the mind of the consumer.
Give this one a try later!
Which of the following is NOT an entry barrier to an industry?
High product differentiation is generally accompanied by
Which of the following is false regarding how a differentiation strategy can help a
firm to improve its competitive position vis-à-vis Porter's five forces?
Which statement regarding competitive advantages is true?
Don't know?
6 of 93
Term
Organizational goals and objectives should be vague in order to allow
changes in strategy. T/F
Give this one a try later!
sociocultural chamges. True
