_____ is best described as an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage
A) Supply chain management
B) Integrated technology management
C) Strategic management
D) Inventory management correct answers C
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MBA 6202 || with 100% Error-free Answers.
_____ is best described as an integrative management field that combines analysis, formulation,
and implementation in the quest for competitive advantage
A) Supply chain management
B) Integrated technology management
C) Strategic management
D) Inventory management correct answers C
_____ is best described as a set of goal-directed actions a firm takes to gain and sustain superior
performance relative to competitors.
A) Behavior modification
B) Strategy
C) Credo
D) Competency management correct answers B
A firm that achieves superior performance relative to other firms in the same industry or the
industry average has a(n)
A) competitive advantage.
B) balanced scorecard.
C) power position.
D) equity leverage. correct answers A
Which of the following scenarios illustrates a firm that has a sustainable competitive advantage?
A) Jamison Inc. generated revenue of $300,000 this financial year, which is close to the
industrial revenue average of $320,000.
B) CR Inc. almost doubled its sales to 9,000 units this year compared to its previous year's sales
of 5,000 units, though the industry average is 10,000 units.
C) Zhang Corp. was able to hold its market share of 68 percent in the social networking industry
for more than three years.
D) Peak Inc. was able to outperform its competitors with its new production system, in terms of
revenue, for a brief period of four months. correct answers C
Underperformance relative to other firms in the same industry or the industry average results in
a(n) _____ for a firm.
A) sustainable competitive advantage
B) increased power distance
C) diseconomies of scope
D) competitive disadvantage correct answers D
, Silver Screen Cinemas Inc. and Digi Now Inc. are two companies that own and run movie
theaters in malls and other commercial areas. While Silver Screen Cinemas Inc. pursues a cost-
leadership strategy, Digi Now Inc. adopts a differentiation strategy. Which of the following
statements is most likely true of this scenario?
A) Silver Screen Cinemas will charge a premium price for its customers, while Digi Now will
implement everyday low pricing.
B) Digi Now and Silver Screen Cinemas will not be direct competitors to each other, and their
customer segments will overlap very little.
C) Digi Now will keep its customer service at an acceptable level, while Silver Screen Cinemas
will provide superior customer service.
D) Silver Screen Cinemas and Digi Now will use a similar approach to create value for
customers by attempting to offer everything to everybody. correct answers B
Pink Couture Inc. and Pink Blush Inc. are two companies in the apparel industry. While Pink
Couture Inc. focuses on providing unique product features and superior customer service, Pink
Blush Inc. focuses on low prices and minimal customer service. Both companies have been able
to gain a competitive advantage. This is most likely because the companies have
A) executed integrated strategies.
B) entered into a cartel arrangement.
C) pursued distinct strategic positions.
D) engaged in direct imitation and substitution. correct answers C
Which of the following statements should ideally reflect a firm's strategy for competitive
advantage?
A) Our strategy is to win at any cost.
B) We will be number one in the industry.
C) Our aim is to create superior customer value while controlling costs.
D) We want to be the market leader by replicating our competitor's strategy. correct answers C
The _____ is a model that links strategy analysis, strategy formulation, and strategy
implementation, which together helps managers plan and implement a strategy that can improve
performance and result in competitive advantage.
A) Ansoff's growth strategy matrix
B) AFI strategy framework
C) Sarbanes-Oxley Act
D) stakeholder impact analysis correct answers B
Which of the following is not one of the three interdependent tasks of strategic management?
A) analyze
B) formulate
C) estimate
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