BUSA 6600 Strategic Management
Final Exam Answered Correct 2025-
2026 Reviewed Update.
Whatever strategic approach is adopted by a company to deliver value, it nearly always requires
- Answer performing chain activities differently than rivals and building competitively valuable
resources and capabilities that rivals cannot readily match
The biggest and most important differences among the competitive strategies of different
companies boil down to - Answer whether a company's market target is broad or narrow and
whether the company is pursuing a competitive advantage linked to low cost or differentiation
A boutique hotel chain provides upscale rooms and superior customer service at value prices.
What strategy is the hotelier using to gain competitive advantage? - Answer a best-cost
provider strategy
Once a company has decided to employ a particular generic competitive strategy, then it must
make the following additional strategic choices EXCEPT whether to - Answer pay special
attention to buyer segments that a rival is already serving
Which of the following is NOT a strategic choice that a company must make to complement and
supplement its choice of one of the five generic competitive strategies? - Answer whether to
employ a market share leadership strategy
Strategic offensive should, as a generic rules, be based on - Answer exploiting a company's
strongest competitive assets-its most valuable resources and capabilities
The primary reasons that companies opt to expand into foreign markets are to - Answer gain
access to new customers, achieve lower costs, enhance the company's competitiveness,
capitalize on core competencies, and spread business risk across a wider market base
Which of the following is NOT a possible reason why Uber opted to expand its on-demand
transportation services into foreign markets? - Answer to build the profit sanctuary necessary
to wage guerrilla offensives against global challengers endeavoring to invade its home market
Exxon Mobil enters into a pact with Gazprom, the world's largest natural gas extractor, to set up
, A company's competitive strategy is unlikely to succeed unless it - Answer is predicated on
leveraging a competitively valuable collection of resources and capabilities that match the
strategy.
The marketing emphasis of a company pursuing a focused differentiation strategy usually is to -
Answer communicate how product offerings do the best job of meeting niche buyers'
expectations.
A differentiation strategy works best in which of the following market circumstances? - Answer
when there are many ways to differentiate the product or service that have value to buyers
Best-cost provider strategies work best when - Answer product differentiation is the norm and
there is an attractively large number of value-conscious buyers.
What are the two ways a company can translate its low-cost advantage over rivals into attractive
profit performance? - Answer either using its low-cost edge to underprice competitors and
attract price-sensitive buyers in large enough numbers to increase total profits or refraining
from price cutting and using the low-cost advantage to earn a bigger profit margin on each unit
sold
The two pivotal factors that distinguish one competitive strategy from another boil down to -
Answer (1) whether the company's market target is broad or narrow, and (2) whether the
company is pursuing a competitive advantage linked to lower costs or differentiation.
A company achieves low-cost leadership when it - Answer becomes the industry's lowest-cost
provider rather than just being one of perhaps several competitors with comparatively low
costs.
Walmart's low-cost advantage results primarily from its ability to - Answer outdo its rivals in
performing value chain activities cost efficiently.
Which of the following is NOT a route to achieving a differentiation-based competitive
advantage? - Answer separating marketing from brand-building activities
Including product attributes and user features that lower the buyer's costs is one way of
delivering superior value via a differentiation strategy. This option does NOT primarily include
which of the following? - Answer providing financing options
Final Exam Answered Correct 2025-
2026 Reviewed Update.
Whatever strategic approach is adopted by a company to deliver value, it nearly always requires
- Answer performing chain activities differently than rivals and building competitively valuable
resources and capabilities that rivals cannot readily match
The biggest and most important differences among the competitive strategies of different
companies boil down to - Answer whether a company's market target is broad or narrow and
whether the company is pursuing a competitive advantage linked to low cost or differentiation
A boutique hotel chain provides upscale rooms and superior customer service at value prices.
What strategy is the hotelier using to gain competitive advantage? - Answer a best-cost
provider strategy
Once a company has decided to employ a particular generic competitive strategy, then it must
make the following additional strategic choices EXCEPT whether to - Answer pay special
attention to buyer segments that a rival is already serving
Which of the following is NOT a strategic choice that a company must make to complement and
supplement its choice of one of the five generic competitive strategies? - Answer whether to
employ a market share leadership strategy
Strategic offensive should, as a generic rules, be based on - Answer exploiting a company's
strongest competitive assets-its most valuable resources and capabilities
The primary reasons that companies opt to expand into foreign markets are to - Answer gain
access to new customers, achieve lower costs, enhance the company's competitiveness,
capitalize on core competencies, and spread business risk across a wider market base
Which of the following is NOT a possible reason why Uber opted to expand its on-demand
transportation services into foreign markets? - Answer to build the profit sanctuary necessary
to wage guerrilla offensives against global challengers endeavoring to invade its home market
Exxon Mobil enters into a pact with Gazprom, the world's largest natural gas extractor, to set up
, A company's competitive strategy is unlikely to succeed unless it - Answer is predicated on
leveraging a competitively valuable collection of resources and capabilities that match the
strategy.
The marketing emphasis of a company pursuing a focused differentiation strategy usually is to -
Answer communicate how product offerings do the best job of meeting niche buyers'
expectations.
A differentiation strategy works best in which of the following market circumstances? - Answer
when there are many ways to differentiate the product or service that have value to buyers
Best-cost provider strategies work best when - Answer product differentiation is the norm and
there is an attractively large number of value-conscious buyers.
What are the two ways a company can translate its low-cost advantage over rivals into attractive
profit performance? - Answer either using its low-cost edge to underprice competitors and
attract price-sensitive buyers in large enough numbers to increase total profits or refraining
from price cutting and using the low-cost advantage to earn a bigger profit margin on each unit
sold
The two pivotal factors that distinguish one competitive strategy from another boil down to -
Answer (1) whether the company's market target is broad or narrow, and (2) whether the
company is pursuing a competitive advantage linked to lower costs or differentiation.
A company achieves low-cost leadership when it - Answer becomes the industry's lowest-cost
provider rather than just being one of perhaps several competitors with comparatively low
costs.
Walmart's low-cost advantage results primarily from its ability to - Answer outdo its rivals in
performing value chain activities cost efficiently.
Which of the following is NOT a route to achieving a differentiation-based competitive
advantage? - Answer separating marketing from brand-building activities
Including product attributes and user features that lower the buyer's costs is one way of
delivering superior value via a differentiation strategy. This option does NOT primarily include
which of the following? - Answer providing financing options
