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Globus Final Exam Latest Questions with 100% Correct Answers
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Globus Final Exam Latest Questions with 100% Correct Answers
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Globus Final Exam Latest Questions with 100%Correct Answers
a broad differentiation strategy enhances company profitability whenever - ✔ ✔ a
company's product can command a sufficiently higher price or generate sufficiently bigger
unit sales to more than cover the added costs of achieving the differentiation.
a low-cost provider strategy works quite well when - ✔ ✔ the products of rival sellers are
essentially identical and readily available from many eager sellers, a big fraction of the
industry's sales are made to large-volume buyers with significant power to bargain down prices,
and it is hard to achieve product differentiation in ways that have value to buyers
which of the following is not one of the pitfalls of a low-cost provider strategy - ✔ ✔
being greedy and trying to charge too high a price
broad differentiation strategies generally work best in market circumstances where - ✔ ✔
buyer needs and uses of the product are diverse, few rival firms are following a similar
differentiation approach, technological change is fast-paced, and competition revolves around
rapidly evolving product features.
A company's competitive strategy deals with - ✔ ✔ the specifics of management's game plan
for competing successfully-how it intends to please customers, offensive and defensive moves
to counter the maneuvers of rivals, responses to shifting market conditions, and initiatives to
strengthen the company's market position and achieve a particular kind of competitive
advantage.
, one major avenue for achieving a cost advantage over rivals is by - ✔ ✔ doing a better job
than rivals of performing value chain activities more cost-effectively
A low-cost leader's basis for competitive advantage is - ✔ ✔ meaningfully lower costs than
rivals-but not necessarily the absolute lowest possible cost because a product offering that is
too frills-free can undermine its attractiveness to buyers despite being cheaper priced.
which of the following is not among the potential benefits that a company can gain by outsourcing
value chain activities presently performed in-house? - ✔ ✔ Improving a company's ability to lower
the costs of integrating both forward and backward and also to transfer the risk of adverse changes
in buyer demand for the company's product to outside vendors.
a strategic alliance - ✔ ✔ is a collaborative arrangement where two or more companies
join forces to achieve mutually beneficial outcomes
which of the following is a good type of rival for an offensive-minded company to target -
✔ ✔ struggling enterprises that are on the verge of going under
vertical integration strategies - ✔ ✔ extend a company's competitive and operating scope
within the same industry by extending its range of activities across several portions or stages of
an industry's overall value chain.
which of the following is not a typical strategic objective or benefit that drivers mergers and
acquisitions - ✔ ✔ to facilitate a company's shift from a one competitive strategy approach
to another.
which of the following is not one of the principal offensive strategy options - ✔ ✔ blocking
the avenues open to challengers
which of the following is not a potential defensive move to ward off challenger firms? -
✔ ✔ using a blue ocean strategy to maneuver around competitors and concentrate on
capturing unoccupied or less contenseted market territory.
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