GMS 200- CHAPTER 10 Questions and
Answers.
Bankruptcy and insolvency act - Answer the Canadian law that protects a firm from creditors
while management reorganizes to restore solvency
BCG matrix - Answer a tool to analyze business operations according to market growth rate
and market share
Business strategy - Answer a strategy that identifies how a division or strategic business unit
will compete in its product or service domain
Competitive advantage - Answer the ability to do something so well one out preforms
competitors
Concentration - Answer a growth strategy to expand within the same business area
Concentration - Answer a growth strategy to expand within the same business area
Co-operation - Answer the strategy of working with vials on product of mutual benefit
Core competency - Answer a special strength that gives an organization a competitive
advantage
Core values - Answer broad beliefs about what is or is not appropriate behavior
Corporate strategy - Answer a strategy that sets long term direction for the total enterprise
Cost leadership strategy - Answer a strategy that seeks to operate with low cost so products
can be sold at low prices
Differentiation strategy - Answer a strategy that offers products that are different from the
competition
Diversification - Answer a growth strategy to expand by acquisition of or investment in new
and different business areas
Answers.
Bankruptcy and insolvency act - Answer the Canadian law that protects a firm from creditors
while management reorganizes to restore solvency
BCG matrix - Answer a tool to analyze business operations according to market growth rate
and market share
Business strategy - Answer a strategy that identifies how a division or strategic business unit
will compete in its product or service domain
Competitive advantage - Answer the ability to do something so well one out preforms
competitors
Concentration - Answer a growth strategy to expand within the same business area
Concentration - Answer a growth strategy to expand within the same business area
Co-operation - Answer the strategy of working with vials on product of mutual benefit
Core competency - Answer a special strength that gives an organization a competitive
advantage
Core values - Answer broad beliefs about what is or is not appropriate behavior
Corporate strategy - Answer a strategy that sets long term direction for the total enterprise
Cost leadership strategy - Answer a strategy that seeks to operate with low cost so products
can be sold at low prices
Differentiation strategy - Answer a strategy that offers products that are different from the
competition
Diversification - Answer a growth strategy to expand by acquisition of or investment in new
and different business areas
