Exam #2 J375 Questions & Correct Answers | Grade A+

Which of the following is not one of Porter's generic business level strategies? - Cost Leadership - Differentiation - Economies of Scale - Focus : Economies of Scale Which of the following is more of a value driver than a cost driver? - Economies of Scale - Superior Customer Service - Experience-curve Effects - Learning - curve effects : Superior Customer Service Which of the following statements is true of a strategic position? 2 - Choosing a strategic position requires making important trade-offs between value and cost positions. - Strategic positions are fixed; they do not change like the environment - Differentiation and cost leadership require similar strategic positions - A firm is said to have a competitive advantage when it ends up with strategic positions below the productivity frontier : Choosing a strategic position requires making important trade-offs between value and cost positions. 4. Which business level strategy does the following example best fit? Starbucks appeals to a wide variety of people on the basis of value - people are prepared to pay more for the cafe' experience and customized offerings. -Cost Leadership -Focus Cost Leadership -Focus Differentiation -Blue Ocean/Integrated Strategy -Stuck in the Middle -Differentiation : Differentiatio