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