GEB 4890 - Exam 2 questions n
answers rated
A leadership plan that achieves a specific set of goals or objectives - correct answer ✔✔
business strategy
fundamental philosophical options for the design of strategies - correct answer ✔✔ generic
strategies
striving to achieve lower overall costs than rivals on comparable products that attract a broad
spectrum of buyers - correct answer ✔✔ low cost provider strategy
seeking to differentiate the company's product or service from rivals' in ways that will appeal to
a broad spectrum of buyers - correct answer ✔✔ broad differentiation strategy
concentrating on the needs and requirements of a narrow buyer segment (or market niche) and
striving to meet these needs at lower costs than rivals (thereby being able to serve niche
members at a lower price) - correct answer ✔✔ focused low-cost strategy
Concentrating on a narrow buyer segment (or market niche) and outcompeting rivals by offering
niche members customized attributes that meet their tastes and requirements better than
rivals' products - correct answer ✔✔ focused differentiation strategy
striving to incorporate upscale product attributes at a lower cost than rivals - correct answer
✔✔ best-cost provider strategy
a factor that has a strong influence on a company's costs - correct answer ✔✔ cost drivers
, a factor that can have a strong differentiating effect - correct answer ✔✔ value driver
features that increase customer satisfaction with the product, such as product specifications,
functions and styling - correct answer ✔✔ tangible attributes
features that enhance buyer satisfaction in noneconomic ways - correct answer ✔✔ intangible
attributes
the property whereby long-run average total cost falls as the quantity of output increases -
correct answer ✔✔ economies of scale
Shows the trade off between costs and performance for the current supply chain design if the
supply chain is operated as efficiently as it can be - correct answer ✔✔ efficiency curve
enhances differentiation - correct answer ✔✔ uniqueness drivers
international expansion is creating a new global economy - correct answer ✔✔ globalization
Advantages
-Factor endowments
-Domestic Demand conditions
Related and supporting industries
-Firm strategy, structure, and rivalry - correct answer ✔✔ Porter's Diamond
the nature of home-market demand for the industry's product or service - correct answer ✔✔
demand conditions (national advantage)
answers rated
A leadership plan that achieves a specific set of goals or objectives - correct answer ✔✔
business strategy
fundamental philosophical options for the design of strategies - correct answer ✔✔ generic
strategies
striving to achieve lower overall costs than rivals on comparable products that attract a broad
spectrum of buyers - correct answer ✔✔ low cost provider strategy
seeking to differentiate the company's product or service from rivals' in ways that will appeal to
a broad spectrum of buyers - correct answer ✔✔ broad differentiation strategy
concentrating on the needs and requirements of a narrow buyer segment (or market niche) and
striving to meet these needs at lower costs than rivals (thereby being able to serve niche
members at a lower price) - correct answer ✔✔ focused low-cost strategy
Concentrating on a narrow buyer segment (or market niche) and outcompeting rivals by offering
niche members customized attributes that meet their tastes and requirements better than
rivals' products - correct answer ✔✔ focused differentiation strategy
striving to incorporate upscale product attributes at a lower cost than rivals - correct answer
✔✔ best-cost provider strategy
a factor that has a strong influence on a company's costs - correct answer ✔✔ cost drivers
, a factor that can have a strong differentiating effect - correct answer ✔✔ value driver
features that increase customer satisfaction with the product, such as product specifications,
functions and styling - correct answer ✔✔ tangible attributes
features that enhance buyer satisfaction in noneconomic ways - correct answer ✔✔ intangible
attributes
the property whereby long-run average total cost falls as the quantity of output increases -
correct answer ✔✔ economies of scale
Shows the trade off between costs and performance for the current supply chain design if the
supply chain is operated as efficiently as it can be - correct answer ✔✔ efficiency curve
enhances differentiation - correct answer ✔✔ uniqueness drivers
international expansion is creating a new global economy - correct answer ✔✔ globalization
Advantages
-Factor endowments
-Domestic Demand conditions
Related and supporting industries
-Firm strategy, structure, and rivalry - correct answer ✔✔ Porter's Diamond
the nature of home-market demand for the industry's product or service - correct answer ✔✔
demand conditions (national advantage)
