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OIM 210 Final Umass Solution Solved 100- Passed!!
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OIM 210 Final Umass Solution Solved 100- Passed!!
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OIM 210 Final Umass SolutionSolved 100% Passed!!
Sustainable Competitive Advantage Answer: financial performance that
consistently outperforms industry average
Operational Effectiveness Answer: performing tasks better than rivals
Strategic Positioning Answer: performing different tasks than rivals or
performing the same tasks in a different way
Commodity Good Answer: Your service or product is the same as your
competitors and the only thing separating you is price
Differentiated Good Answer: having a unique product or service
Fast Follower Answer: someone comes up with a new product or service and
someone follows in their footsteps
Straddling Answer: Being involved in two markets but not being effective in
either
Fresh Direct Answer: Successful because of strategic positioning
, Inventory Turnover Answer: Number of times inventory is sold or used during
a given period. the higher this number the more they are selling
Resource Based View of Competitive Advantage Answer: valuable, rare,
imperfectly imitable and nonsubstitutable
Brand Answer: viral marketing. Leveraging consumers to promote a product
or service
Scale Answer: Economies of Scale. When a firm can spread costs across
increasing units of production
Data Answer: Differentiation and Switching Costs. The higher the switching
cost the less people will leave your service
Network Effects Answer: When a product or service becomes more valuable
as the amount of users grows
Information Asymmetry Answer: When one party has better information than
their counterparty
Price Transparency Answer: the degree to which complete information is
available
Power of Buyers Answer: Commodity good. Price Transparency
Power of Suppliers Answer: Differentiated good. Asymmetric information
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