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UOP STR581 week 4 knowledge check quiz




Firms that enjoy higher profit margins are using which of Michael Porter?s generic strategies?;Hint;A.;Cost leadership;B.;Differentiation;C.;Focus;D.;Concentrated growth;2.;Which of the following companies is a good example of a low-cost leader?;Hint;A.;Wal-Mart;B.;Brooks Brothers;C.;Chivas Regal;D.;Porsche;3.;Firms that follow this type of generic strategy can sometimes have difficulties succeeding without compromising the key attributes of a company?s products or services.;Hint;A.;Focus;B.;Differentiation;C.;Cost leadership;D.;Concentrated growth;4.;Which of the following is a generic strategy developed by Michael Porter?;Hint;A.;Market development;B.;Differentiation;C.;Liquidation;D.;Innovation;5.;Striving to create and market unique products for varied customer groups is called;6.;Which of the following is a value discipline?;Hint;A.;Operational excellence;B.;Cost leadership;C.;Concentrated growth;D.;Innovation;7.;Companies that pursue this value discipline strive to produce a continuous stream of state-of-the-art products and services.;Hint;A.;Customer intimacy;B.;Operational excellence;C.;Product leadership;D.;Innovation;8.;Which of the grand strategies is typically lowest in risk?;Hint;A.;Horizontal integration;B.;Concentrated growth;C.;Market development;D.;Divestiture;9.;The grand strategy in which the firm directs its resources to the profitable growth of a single product, in a single market and with a single technology is termed;Hint;A.;product development;B.;market development;C.;concentrated growth;D.;vertical integration;10.;What is it called when current products are marketed, often with only cosmetic changes, to customers in related market areas?;Hint;A.;Diversification;B.;Concentrated growth;C.;Product development;D.;Market development;11.;The acquisition of one or more businesses operating at the same stage of the production-marketing chain is an example of;Hint;A.;market development;B.;product development;C.;innovation;D.;horizontal acquisition;13.;For the ABC Company, the Alpha business is in a dominant market share position in a mature market. As per the BCG matrix, Alpha is a;Hint;A.;star;B.;question mark;C.;cash cow;D.;dog;14.;Which matrix makes fine distinctions among business portfolio positions with the inclusion of high/medium/low axes?;Hint;A.;Industry strength matrix;B.;Growth-share matrix;C.;Strategic environments matrix;D.;Industry attractiveness?business strength matrix;15.;Which matrix involves a framework that can help ensure that businesses' strategies are consistent with strategies appropriate to their strategic environment?;Hint;A.;Strategic choice matrix;B.;Growth-share matrix;C.;Industry attractiveness?business strength matrix;D.;Strategic environments matrix;16.;Which of the following represents an operating opportunity to build value or sharing?;Hint;A.;Shared inbound or outbound shipping and materials handling;B.;Shared management know-how;C.;Shared after-sales service;D.;Shared brand name;17.;The most compelling reason companies should diversify can be found in situations when;Hint;A.;core competencies are not similar;B.;core competencies can be leveraged with other products or into other markets;C.;management is similar in various businesses;D.;cash resources can be leveraged;18.;The core competency must represent a major source of value to be a basis for competitive advantage. Furthermore, the core competency;Hint;A.;must be negotiable;B.;must be financial;C.;must be diversified;D.;must be transferable


Paper#29703 | Written in 18-Jul-2015

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