OIM 210 EXAM 1 Nora Junaid
Zoomass WELL ANSWERED
fast follower - ANS ✔✔The _____ problem exists when rivals watch a pioneer's efforts, learn
from their successes and missteps, and then enter the market quickly with a comparable or
superior product at a lower cost.
strategic positioning - ANS ✔✔_____ refers to performing different tasks than rivals or the same
tasks in a different way.
straddling - ANS ✔✔A firm is said to be _____ when it attempts to match the benefits of a
successful position while maintaining its existing position.
different - ANS ✔✔According to Porter, strategy is fundamentally about being _____.
rareness, value, imperfectly imitable, non substitutability - ANS ✔✔The resource-based view of
competitive advantage states that for a firm to maintain sustainable competitive advantage it
must control a set of exploitable resources that have four critical characteristics. What are these
characteristics?
outbound logistics(and inbound logistics, operations, outbound marketing and sales, and
service) - ANS ✔✔Which of the following represents one of the primary components of the
value chain?
scale advantage - ANS ✔✔Benefits related to a firm's size are referred to as _____.
price-focused - ANS ✔✔Consumers buying commodities are highly _____ since they have so
many similar choices.
, network effects - ANS ✔✔_____ are said to be at play when the value of a product or service
increases as its number of users expands.
distribution channels - ANS ✔✔The paths through which products or services get to customers
are known as _____.
keeping large portions of its production processes in-house - ANS ✔✔Zara holds a competitive
advantage over its rivals in spite of:
Contract manufacturing - ANS ✔✔_____ involves outsourcing production to third-party firms.
excess inventory - ANS ✔✔In retail in general and fashion in particular, having _____ is
considered the kiss of death.
handheld computing devices meant largely for mobile use outside an office setting. - ANS
✔✔Personal digital assistants are:
The firm guessed wrong about fashion, placing big bets on trends that consumers didn't want -
ANS ✔✔What was considered the source of Mickey Drexler's inventory problems at Gap?
incremental(sustaining)technology - ANS ✔✔relies on incremental improvements to an already
established technology
radical(disruptive)technology - ANS ✔✔displaces an established technology and shakes up the
industry or a ground-breaking product that creates a completely new industry.
example is xyz-incremmental or radical? - ANS ✔✔
Zoomass WELL ANSWERED
fast follower - ANS ✔✔The _____ problem exists when rivals watch a pioneer's efforts, learn
from their successes and missteps, and then enter the market quickly with a comparable or
superior product at a lower cost.
strategic positioning - ANS ✔✔_____ refers to performing different tasks than rivals or the same
tasks in a different way.
straddling - ANS ✔✔A firm is said to be _____ when it attempts to match the benefits of a
successful position while maintaining its existing position.
different - ANS ✔✔According to Porter, strategy is fundamentally about being _____.
rareness, value, imperfectly imitable, non substitutability - ANS ✔✔The resource-based view of
competitive advantage states that for a firm to maintain sustainable competitive advantage it
must control a set of exploitable resources that have four critical characteristics. What are these
characteristics?
outbound logistics(and inbound logistics, operations, outbound marketing and sales, and
service) - ANS ✔✔Which of the following represents one of the primary components of the
value chain?
scale advantage - ANS ✔✔Benefits related to a firm's size are referred to as _____.
price-focused - ANS ✔✔Consumers buying commodities are highly _____ since they have so
many similar choices.
, network effects - ANS ✔✔_____ are said to be at play when the value of a product or service
increases as its number of users expands.
distribution channels - ANS ✔✔The paths through which products or services get to customers
are known as _____.
keeping large portions of its production processes in-house - ANS ✔✔Zara holds a competitive
advantage over its rivals in spite of:
Contract manufacturing - ANS ✔✔_____ involves outsourcing production to third-party firms.
excess inventory - ANS ✔✔In retail in general and fashion in particular, having _____ is
considered the kiss of death.
handheld computing devices meant largely for mobile use outside an office setting. - ANS
✔✔Personal digital assistants are:
The firm guessed wrong about fashion, placing big bets on trends that consumers didn't want -
ANS ✔✔What was considered the source of Mickey Drexler's inventory problems at Gap?
incremental(sustaining)technology - ANS ✔✔relies on incremental improvements to an already
established technology
radical(disruptive)technology - ANS ✔✔displaces an established technology and shakes up the
industry or a ground-breaking product that creates a completely new industry.
example is xyz-incremmental or radical? - ANS ✔✔
