UCF) 2025/2026 Exam Questions with
100% Correct Answers | Latest Update
What is a generic business strategy?
A. a general way of positioning a firm's business-level strategy within an
industry
B. a general way of positioning a firm's business-level strategy to penetrate
an international market
C. a general strategy that positions your firm in a competitive position within
an industry
,D. all of the above - 🧠 ANSWER ✔✔A
What are the two dimensions on which generic business strategies are
classified?
A. breadth of competitive scope/source of competitive advantage
B. breadth of product line/source of competitive advantage
C. breadth of competitive scope/extent of vertical integration
D. breadth of product line/extent of vertical integration - 🧠 ANSWER ✔✔A
Which of the following is not a main generic strategies?
A. cost leadership
B. differentiation
C. focused low cost
D. focused penetration - 🧠 ANSWER ✔✔D
Which of the following is an example of one of the main generic strategies?
,A. differentiation
B. diversification
C. focused low cost
D. cost abandonment
E. B & C
F. A & C - 🧠 ANSWER ✔✔F
Which generic business strategy is on the intersection of competing on cost
and targeting a broad market?
A. cost leadership
B. differentiation
C. focused low cost
D. focused differentiation - 🧠 ANSWER ✔✔A
T/F: The experience curve is known as the decline in unit cost of production
as cumulative output increases - based on knowledge/expertise. - 🧠
ANSWER ✔✔T
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, T/F: Economies of scale refers to an increase in unit cost of production as
rate of output increases (based on spreading out fixed costs). - 🧠 ANSWER
✔✔F
All of the following are disadvantages of cost leadership EXCEPT:
A. perceptions of quality
B. relies on volume
C. harder to survive price wars
D. can be too focused on cost - 🧠 ANSWER ✔✔C
Which of the following is a disadvantage of cost leadership:
A. perceptions of service
B. can be focused too much on cost
C. relies on demand
D. none of the above - 🧠 ANSWER ✔✔B
All of the following are advantages of cost leadership EXCEPT: