BPS TEST QUESTIONS AND
ANSWERS
What affects competitive behavior - Answer-Awareness
Motivation
Ability
When competitors are aware of each other - Answer-Rapid and intense competition
tends to be restrained
First mover advantage can be significant in: - Answer-Fast cycle markets
customer loyalty can be built
If market share gained is sticky
Being a first mover is ____ - Answer-Risky
Which strategy is best and significant in a fast cycle market? - Answer-First mover
strategy
The goal of business strategy - Answer-To create and sustain competitive advantage
3 key principles of strategic positioning - Answer-Strategy is the creation of a unique
and valuable position
Strategy requires trade offs in competing
Strategy invovles creating a fit among activities
TRAITS OF "Strategy is the creation of a unique and valuable position" - Answer-Few
needs, many customers
Broad needs, few customers
Broad needs, many customers
Strategy involves three things: - Answer-Thinking
Deciding
Doing
ANSWERS
What affects competitive behavior - Answer-Awareness
Motivation
Ability
When competitors are aware of each other - Answer-Rapid and intense competition
tends to be restrained
First mover advantage can be significant in: - Answer-Fast cycle markets
customer loyalty can be built
If market share gained is sticky
Being a first mover is ____ - Answer-Risky
Which strategy is best and significant in a fast cycle market? - Answer-First mover
strategy
The goal of business strategy - Answer-To create and sustain competitive advantage
3 key principles of strategic positioning - Answer-Strategy is the creation of a unique
and valuable position
Strategy requires trade offs in competing
Strategy invovles creating a fit among activities
TRAITS OF "Strategy is the creation of a unique and valuable position" - Answer-Few
needs, many customers
Broad needs, few customers
Broad needs, many customers
Strategy involves three things: - Answer-Thinking
Deciding
Doing
