Globus Final Exam Latest Questions with 100%
Correct Answers
Which of the following statements in not accurate as concerns the task of identifying the
strategic issues and problems that management needs to address and try to resolve in deciding
what upcoming strategic actions to take? - ✔️✔️Identifying the strategic issues and problems
that the company faces is the first thing that company managers need to do before starting to
analyze the company's external environment, resources, capabilities, and overall
competitiveness
The three main areas in the value chain where significant differences in the costs of competing
firms can occur include - ✔️✔️the costs of internally-performed activities, the costs of activities
performed by suppliers, and the costs of activities performed in the forward part of the industry
value chain (especially distribution related activities)
Two useful tools for determining whether a company's customer value proposition, prices, and
costs are competitive are - ✔️✔️value chain analysis and benchmarking
which of the following is not an action that a company can take to do a better job than rivals of
performing value chain activities - ✔️✔️outsourcing all production-related activities
which of the following statements about best-cost provider strategy is false - ✔️✔️what makes a
best-cost provider strategy so attractive is the ability to translate best-cost status into achieving
the highest profit margins of any firm in the industry.
A company achieves best-cost provider status by - ✔️✔️developing the capability to incorporate
attractive upscale attributes at a lower cost than those rivals with comparable upscale product
offerings
Focused strategies keyed either to low cost or differentiation are especially appropriate for
situations where - ✔️✔️the industry has many different niches and segments, thereby allowing a
focuser to pick a competitively attractive niche that is not only suited to its competitively
, valuable resources and capabilities but also lessens the risk of overcrowding that occurs when
too many rivals attempt to focus their energies on the same target segment.
a focused differentiation strategy aims at securing competitive advantage - ✔️✔️with a product
offering carefully designed to appeal to the unique preferences and needs of a narrow, well-
defined group of buyers.
The chief difference between a low-cost provider strategy and a focused low-cost strategy is -
✔️✔️the size of the buyer group that a company is trying to appeal to.
which one of the following is not a "value driver" (as shown in figure 5.3) that, when properly
used, can be a particularly effective pathway to creating value-adding differentiating attributes
for customers. - ✔️✔️automation and robotics technology that enhance labor productivity.
A company's competitive strategy is unlikely to result in good performance or sustainable
competitive advantage unless - ✔️✔️the company has a competitively valuable collection of
resources and capabilities that enable the company to execute its strategy with great
proficiency.
The generic types of competitive strategies include - ✔️✔️low-cost provider strategies, broad
differentiation strategies, best-cost provider strategies, focused low-cost strategies, and
focused differentiation strategies.
which of the following is not among the best routes to achieving a sustainable competitive
advantage via differentiation? - ✔️✔️Appealing to buyers who are sophisticated and shop hard
for what they consider to be the best, stand-out differentiating attributes.
A company can translate a low-cost advantage over rivals into attractive profit performance by
- ✔️✔️either (1) charging a price comparable to other low-priced rivals, being content with the
resulting sales value and market share, relying upon the low-cost edge over rivals to earn a
bigger profit margin per unit sold, thereby boosting the firm's total profits and return on
investment of (2) using its low-cost edge to underprice competitors and attract price sensitive
buyers in great enough numbers to increase total profits.
Correct Answers
Which of the following statements in not accurate as concerns the task of identifying the
strategic issues and problems that management needs to address and try to resolve in deciding
what upcoming strategic actions to take? - ✔️✔️Identifying the strategic issues and problems
that the company faces is the first thing that company managers need to do before starting to
analyze the company's external environment, resources, capabilities, and overall
competitiveness
The three main areas in the value chain where significant differences in the costs of competing
firms can occur include - ✔️✔️the costs of internally-performed activities, the costs of activities
performed by suppliers, and the costs of activities performed in the forward part of the industry
value chain (especially distribution related activities)
Two useful tools for determining whether a company's customer value proposition, prices, and
costs are competitive are - ✔️✔️value chain analysis and benchmarking
which of the following is not an action that a company can take to do a better job than rivals of
performing value chain activities - ✔️✔️outsourcing all production-related activities
which of the following statements about best-cost provider strategy is false - ✔️✔️what makes a
best-cost provider strategy so attractive is the ability to translate best-cost status into achieving
the highest profit margins of any firm in the industry.
A company achieves best-cost provider status by - ✔️✔️developing the capability to incorporate
attractive upscale attributes at a lower cost than those rivals with comparable upscale product
offerings
Focused strategies keyed either to low cost or differentiation are especially appropriate for
situations where - ✔️✔️the industry has many different niches and segments, thereby allowing a
focuser to pick a competitively attractive niche that is not only suited to its competitively
, valuable resources and capabilities but also lessens the risk of overcrowding that occurs when
too many rivals attempt to focus their energies on the same target segment.
a focused differentiation strategy aims at securing competitive advantage - ✔️✔️with a product
offering carefully designed to appeal to the unique preferences and needs of a narrow, well-
defined group of buyers.
The chief difference between a low-cost provider strategy and a focused low-cost strategy is -
✔️✔️the size of the buyer group that a company is trying to appeal to.
which one of the following is not a "value driver" (as shown in figure 5.3) that, when properly
used, can be a particularly effective pathway to creating value-adding differentiating attributes
for customers. - ✔️✔️automation and robotics technology that enhance labor productivity.
A company's competitive strategy is unlikely to result in good performance or sustainable
competitive advantage unless - ✔️✔️the company has a competitively valuable collection of
resources and capabilities that enable the company to execute its strategy with great
proficiency.
The generic types of competitive strategies include - ✔️✔️low-cost provider strategies, broad
differentiation strategies, best-cost provider strategies, focused low-cost strategies, and
focused differentiation strategies.
which of the following is not among the best routes to achieving a sustainable competitive
advantage via differentiation? - ✔️✔️Appealing to buyers who are sophisticated and shop hard
for what they consider to be the best, stand-out differentiating attributes.
A company can translate a low-cost advantage over rivals into attractive profit performance by
- ✔️✔️either (1) charging a price comparable to other low-priced rivals, being content with the
resulting sales value and market share, relying upon the low-cost edge over rivals to earn a
bigger profit margin per unit sold, thereby boosting the firm's total profits and return on
investment of (2) using its low-cost edge to underprice competitors and attract price sensitive
buyers in great enough numbers to increase total profits.
