100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MGT 439 STUDY GUIDE TEST. $11.99   Add to cart

Exam (elaborations)

MGT 439 STUDY GUIDE TEST.

 5 views  0 purchase
  • Course
  • MGT.
  • Institution
  • MGT.

MGT 439 STUDY GUIDE TEST. A company's competitive strategy is an effort to do which of the following? - CORRECT ANSWER achieve competitive advantage ward off competitors please customers In gaining a cost advantage over competitors, a low-cost provider must offer - CORRECT ANSWER services...

[Show more]

Preview 2 out of 11  pages

  • August 2, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MGT.
  • MGT.
avatar-seller
ROSEGRADES
MGT 439 STUDY GUIDE TEST.
A company's competitive strategy is an effort to do which of the following? - CORRECT ANSWER achieve competitive advantage
ward off competitors
please customers
In gaining a cost advantage over competitors, a low-cost provider must offer - CORRECT ANSWER services and features that buyers think are essential.
Attempts to use low-cost advantage to attack rival companies with lower product prices can result in which of the following? - CORRECT ANSWER reduced profits
retaliatory price cuts
a price war among several rivals
One of the most effective ways to manage a value chain efficiently is to - CORRECT ANSWER find innovative ways to keep costs down.
Which methods help a company use cost drivers effectively? - CORRECT ANSWER capturing all available economies of scale
operating facilities at full capacity
improving supply chain efficiency
Which of the following are types of competitive strategies? - CORRECT ANSWER focused low-cost
broad differentiation
broad low-cost
Which of the following is a typical course of action for companies that pursue low-cost leadership? - CORRECT ANSWER offering lower prices than their rivals What option do companies have for translating a low-cost advantage into profit performance? - CORRECT ANSWER underpricing competitors
A factor that has a strong influence on a company's costs is called - CORRECT ANSWER a cost driver.
Switching to a lower-cost item to save money is an example of - CORRECT ANSWER cost-efficient management.
Online systems and advanced software can help a company achieve operating efficiency by - CORRECT ANSWER reducing parts inventories.
cutting production times.
In the management of value chain activities, what would most likely increase worker productivity? - CORRECT ANSWER offering incentives
A company with a value chain system that sells directly consumers is able to - CORRECT ANSWER bypass the costs of distributors.
What can companies reduce by positioning themselves near their suppliers? - CORRECT ANSWER materials handling
shipping costs
Nucor Corporation eliminates many steps in the steel manufacturing process by using what equipment? - CORRECT ANSWER electric arc furnaces
What can a business use to reduce production costs for a cost-advantage strategy? - CORRECT ANSWER automatic robotic technology
computer-assisted design (CAD)
Developing a strong company culture is one way to - CORRECT ANSWER encourage continuous improvement from employees.
increase workforce productivity.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ROSEGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.99
  • (0)
  Add to cart