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Guided Case: LVMH (Ch 10) Questions and Correct Answers the Latest Updat
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How does LVMH benefit from economies of scale? a. It can more easily afford to open a new shop in a prime location. b. It can open more shops for less money in a wider variety of locations. c. It can produce more goods for less money than its competitors. d. It can set prices on a sliding scale...

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  • November 7, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • guided case lvmh ch 10 questions and correct an

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Guided Case: LVMH (Ch 10)
Questions and Correct Answers the
Latest Update
How does LVMH benefit from economies of scale?

a. It can more easily afford to open a new shop in a prime location.

b. It can open more shops for less money in a wider variety of locations.

c. It can produce more goods for less money than its competitors.

d. It can set prices on a sliding scale based on individual consumers' ability to

pay.


✓ a



LVMH attracts and retains managers who are able to move between businesses,

expanding their own skills and enjoying a strong career path. This mobility of

managers also suggests that LVMH has been able to successfully overcome what

potential pitfall of acquisition?

a. Overestimating economic benefits

b. Integrating the acquired company

c. The expense of acquisitions

d. Agency problems


✓ b


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, #Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |
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Which label best fits the diversification strategy employed by LVMH?

a. Value-chain diversification

b. Constrained diversification

c. Related diversification

d. Unrelated diversification


✓ c



The economy is one element of the environment that can impact the success of

a diversification strategy. How has LVMH's sales been affected by this type of

environmental change?

a. As the global economy has faced a downturn, the focus on high-priced luxury

goods has led to a drop in sales.

b. As the number of super wealthy consumers globally has increased, the

demand for luxury goods has also increased.

c. The additional costs associated with ethical sourcing that consumers now

demand has driven up production costs and reduced profitability.

d. The number of luxury-goods consumers has increased, as the market has

expanded to include the prosperous as well as the super wealthy


✓ d



LVMH could open different shops for its individual brands, with each store

specializing in one brand, but all of them using the same proven business model
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