Module 4

Question 1

Creating a low-cost position relative to a firm’s peers

Answer 1

Overall cost leadership

Question 2

Products or services that are unique and

Answer 2

Differentiation

Question 3

Emphasis on non-price attributes for which customers will gladly pay a premium

Answer 3

Differentiation

Question 4

Narrow product lines by your segments or targeted geographic

Answer 4

Focus

Question 5

Aggressive construction of efficient scale of facilities

Answer 5

Cost leadership

Question 6

Requires experience curve

Answer 6

Cost leadership

Question 7

Requires competitive parity

Answer 7

Cost leadership

Question 8

Protects a firm against rivalry from

Answer 8

Cost leadership

Question 9

Protects the firm against powerful buyers

Answer 9

Cost leadership

Question 10

Provides more flexibility to cope with demands from powerful suppliers who want to increase in put cost

Answer 10

Cost leadership

Question 11

Provide substantial entry barriers you to economics of scale and cause advantages

Answer 11

Cost leadership

Question 12

Puts the firm in a favorable position with respect to substitute products

Answer 12

Cost leadership

Question 13

Too much focus on one or few value chain pitfall

Answer 13

Cost leadership

Question 14

Increase in the cost of the inputs on which the advantages based pitfall

Answer 14

Cost leadership

Question 15

The strategy is imitated to easily pitfall

Answer 15

Cost leadership

Question 16

Lack of parity on differentiation pitfall

Answer 16

Cost leadership

Question 17

Reduce flexibility

Answer 17

Cost leadership

Question 18

Prestige quality technology innovation features

Answer 18

Differentiation

Question 19

Requires cost parity

Answer 19

Differentiation