Strategic Management Concepts and Cases

1) Which of the following statements is true about customer needs? a) Companies that meet the need for communication by manufacturing mobile handsets or mobile ham radios are considered part of the same industry. b) Understanding them can be very helpful in defining the boundaries of an industry. c) They should be addressed only when many customers have similar needs that require attention. d) Two firms cannot be considered part of the same industry even if their products do the same j...

Package Title: Chapter 1, Testbank Course Title: Dyer, SM 2e Chapter Number: 1 Question type: Multiple Choice 1) ________ can be best defined as when an organization generates higher profits compared to its rivals. a) Client advantage b) Competitive advantage c) Employer advantage d) Unique valueAnswer: b Difficulty: Easy Section Reference 1: What Is Business Strategy? Learning Objective 1: Define business strategy, including the importance of competitive advantage, the four choices ...

Package Title: Chapter 1, Testbank Course Title: Dyer, SM 2e Chapter Number: 1 Question type: Multiple Choice 1) ________ can be best defined as when an organization generates higher profits compared to its rivals. a) Client advantage b) Competitive advantage c) Employer advantage d) Unique valueAnswer: b Difficulty: Easy Section Reference 1: What Is Business Strategy? Learning Objective 1: Define business strategy, including the importance of competitive advantage, the four choices ...