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UOP STR581 week 4 knowledge check quiz

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Question.Firms that enjoy higher profit margins are using which of Michael Porter?s generic strategies?HintA.Cost leadershipB.DifferentiationC.FocusD.Concentrated growth2.Which of the following companies is a good example of a low-cost leader?HintA.Wal-MartB.Brooks BrothersC.Chivas RegalD.Porsche3.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.HintA.FocusB.DifferentiationC.Cost leadershipD.Concentrated growth4.Which of the following is a generic strategy developed by Michael Porter?HintA.Market developmentB.DifferentiationC.LiquidationD.Innovation5.;Striving to create and;market unique products for varied customer groups is called6.Which of the following is a value discipline?HintA.Operational excellenceB.Cost leadershipC.Concentrated growthD.Innovation7.Companies that pursue this value discipline strive to produce a continuous stream of state-of-the-art products and services.HintA.Customer intimacyB.Operational excellenceC.Product leadershipD.Innovation8.Which of the grand strategies is typically lowest in risk?HintA.Horizontal integrationB.Concentrated growthC.Market developmentD.Divestiture9.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 termedHintA.product developmentB.market developmentC.concentrated growthD.vertical integration10.What is it called when current products are marketed, often with only cosmetic changes, to customers in related market areas?HintA.DiversificationB.Concentrated growthC.Product developmentD.Market development11.The acquisition of one or more businesses operating at the same stage of the production-marketing chain is an example ofHintA.market developmentB.product developmentC.innovationD.horizontal acquisition13.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 aHintA.starB.question markC.cash cowD.dog14.Which matrix makes fine distinctions among business portfolio positions with the inclusion of high/medium/low axes?HintA.Industry strength matrixB.Growth-share matrixC.Strategic environments matrixD.Industry attractiveness?business strength matrix15.Which matrix involves a framework that can help ensure that businesses' strategies are consistent with strategies appropriate to their strategic environment?HintA.Strategic choice matrixB.Growth-share matrixC.Industry attractiveness?business strength matrixD.Strategic environments matrix16.Which of the following represents an operating opportunity to build value or sharing?HintA.Shared inbound or outbound shipping and materials handlingB.Shared management know-howC.Shared after-sales serviceD.Shared brand name17.The most compelling reason companies should diversify can be found in situations whenHintA.core competencies are not similarB.core competencies can be leveraged with other products or into other marketsC.management is similar in various businessesD.cash resources can be leveraged18.The core competency must represent a major source of value to be a basis for competitive advantage. Furthermore, the core competencyHintA.must be negotiableB.must be financialC.must be diversifiedD.must be transferable

 

Paper#54258 | Written in 18-Jul-2015

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