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Capstone Chapter 5 Latest Questions and Answers Rated 100% Correct
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There are several basic approaches to competing successfully and gaining a competitive advantage over rivals, such as: <~~> delivering more value to its customers than rivals or delivering value more efficiently than rivals (or both). A company's competitive strategy deals with: <...

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  • September 21, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • there are several basic approaches to competing su

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1 | P a g e | © copyright 2024/2025 | Grade A+




Capstone Chapter 5 Latest
Questions and Answers Rated 100%
Correct
There are several basic approaches to competing successfully and gaining a

competitive advantage over rivals, such as:


✓ <~~> delivering more value to its customers than rivals or delivering

value more efficiently than rivals (or both).




A company's competitive strategy deals with:


✓ <~~> the specifics of management's game plan for competing

successfully—its specific efforts to please customers, strengthen its

market position, counter the maneuvers of rivals, respond to shifting

market conditions, and achieve a particular kind of competitive

advantage.




While there are many routes to competitive advantage, the two biggest

factors that distinguish one competitive strategy from another involves:


✓ <~~> whether a company's target market is broad or narrow and

whether the company is pursuing a competitive advantage linked to

low costs or differentiation.




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+


Whatever strategic approach is adopted by a company to deliver value, it

nearly always:


✓ <~~> requires performing value chain activities differently than rivals

and building competitively valuable resources and capabilities that

rivals cannot readily match or trump.




The biggest and most important differences among the competitive

strategies of different companies boil down to:


✓ <~~> 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.




Which of the following is NOT one of the five generic types of competitive

strategy?


✓ <~~> A market share dominator strategy




The generic types of competitive strategies include:


✓ <~~> low-cost provider, broad differentiation, best-cost provider,

focused low-cost and focused differentiation strategies.




Which one of the following generic types of competitive strategy is typically

the "best" strategy for a company to employ?


Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+


✓ <~~> One that is customized to fit the macro-environment, industry

and competitive conditions, and the company's own resources and

competitive capabilities




A low-cost leader's basis for competitive advantage is:


✓ <~~> meaningfully lower overall costs than rivals on comparable

products.




Low-cost leaders, who have the lowest industry costs, are exceptionally good

at finding ways to drive costs out of their businesses and still provide a

product or service that buyers find acceptable:


✓ <~~> positioned to deliver affordable luxury products at mass market

quality.




How valuable a low-cost leader's cost advantage is depends on:


✓ <~~> whether it is easy or inexpensive for rivals to copy the low-cost

leader's methods or otherwise match its low costs.




A low-cost leader translates its low-cost advantage over rivals into superior

profit performance by:




Master01 | September, 2024/2025 | Latest update

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