BSG Midterm Exam | Business
Strategy Game Midterm Exam |
Questions and Answers | 100% Correct
| Latest Guide 2025/2026
A company weakness or competitive deficiency
- Correct Answer - is something a company lacks or does poorly (in
comparison to rivals) or a condition that puts it at a disadvantage in the
marketplace.
The difference between a core competence and a distinctive
competence is that
- Correct Answer - a core competence is an activity that a company not
only performs quite well but is central to its strategy and
competitiveness, whereas a distinctive competence is a competitively
relevant activity that a firm performs better than rival firms.
The value of doing a weighted competitive strength assessment is to
- Correct Answer - learn how the company ranks relative to rivals on
each of the important factors that determine market success and
ascertain whether the company has a net competitive advantage or
disadvantage versus its closest rivals.
,In table 4.2, which of the following is NOT an example of a potential
external threat to a company's future profitability?
- Correct Answer - the company's lack of a well-known brand name.
Which of the following is most likely to represent a competitively valuable
resource or capability?
- Correct Answer - one or more core competencies in performing
competitively important value chain activities.
Calculating weighted competitive strength scores for a company and
comparing them against the weighted competitive strength scores of key
competitors
- Correct Answer - helps a company decide what offensive and
defensive strategic moves to make -- which of its competitive strengths
to exploit in winning business away from rivals and which competitive
weaknesses to try to correct.
Broad differentiation strategies are well-suited for market circumstances
where - Correct Answer - there are many ways to differentiate the
product or service that have value to buyers.
The two biggest factors that distinguish one competitive strategy from
another concern
, - Correct Answer - whether a company's market target is broad or
narrow and whether the company is pursuing a competitive advantage
linked to low costs or differentiation.
The risks of a focused strategy do NOT include which one of the
following?
- Correct Answer - the potential for buyer needs and uses of the product
to become even more diverse.
Which of the following is NOT among the best routes to achieving a
sustainable competitive advantage via differentiation?
- Correct Answer - appealing to buyers who are sophisticated and shop
hard for the best, stand-out differentiating attributes.
A low-cost provider strategy works quite well when
- Correct Answer - the products of rival sellers are essentially identical
and readily available from many eager sellers, a big fraction of the
industry's sales are made to large-volume buyers with significant power
to bargain down prices, and it is hard to achieve product differentiation in
ways that have value to buyers.
For a company to perform its value chain activities more cost-efficiently
than rivals, its managers must
- Correct Answer - search out cost-saving opportunities in every part of
the value chain and pay particular attention to a set of factors known as
Strategy Game Midterm Exam |
Questions and Answers | 100% Correct
| Latest Guide 2025/2026
A company weakness or competitive deficiency
- Correct Answer - is something a company lacks or does poorly (in
comparison to rivals) or a condition that puts it at a disadvantage in the
marketplace.
The difference between a core competence and a distinctive
competence is that
- Correct Answer - a core competence is an activity that a company not
only performs quite well but is central to its strategy and
competitiveness, whereas a distinctive competence is a competitively
relevant activity that a firm performs better than rival firms.
The value of doing a weighted competitive strength assessment is to
- Correct Answer - learn how the company ranks relative to rivals on
each of the important factors that determine market success and
ascertain whether the company has a net competitive advantage or
disadvantage versus its closest rivals.
,In table 4.2, which of the following is NOT an example of a potential
external threat to a company's future profitability?
- Correct Answer - the company's lack of a well-known brand name.
Which of the following is most likely to represent a competitively valuable
resource or capability?
- Correct Answer - one or more core competencies in performing
competitively important value chain activities.
Calculating weighted competitive strength scores for a company and
comparing them against the weighted competitive strength scores of key
competitors
- Correct Answer - helps a company decide what offensive and
defensive strategic moves to make -- which of its competitive strengths
to exploit in winning business away from rivals and which competitive
weaknesses to try to correct.
Broad differentiation strategies are well-suited for market circumstances
where - Correct Answer - there are many ways to differentiate the
product or service that have value to buyers.
The two biggest factors that distinguish one competitive strategy from
another concern
, - Correct Answer - whether a company's market target is broad or
narrow and whether the company is pursuing a competitive advantage
linked to low costs or differentiation.
The risks of a focused strategy do NOT include which one of the
following?
- Correct Answer - the potential for buyer needs and uses of the product
to become even more diverse.
Which of the following is NOT among the best routes to achieving a
sustainable competitive advantage via differentiation?
- Correct Answer - appealing to buyers who are sophisticated and shop
hard for the best, stand-out differentiating attributes.
A low-cost provider strategy works quite well when
- Correct Answer - the products of rival sellers are essentially identical
and readily available from many eager sellers, a big fraction of the
industry's sales are made to large-volume buyers with significant power
to bargain down prices, and it is hard to achieve product differentiation in
ways that have value to buyers.
For a company to perform its value chain activities more cost-efficiently
than rivals, its managers must
- Correct Answer - search out cost-saving opportunities in every part of
the value chain and pay particular attention to a set of factors known as
