Which of the following is NOT an entry barrier to an industry?
Which of the following firms would likely pose the least competitive threat?
C. a competitor to your product where a high switching cost exists
An industry is defined as
A. new entrants cannot differentiate their products.
B. incumbents will take legal action if new entrants do not differentiate their products.
C. new entrants will have to spend heavily to overcome existing customer loyalties.
D. it helps a firm to derive greater economies of scale.
The hierarchy of organizational goals is in this order (least specific to most specific):
vision statements, mission statements, strategic objectives
Increasingly larger numbers of women entering the work force since the early 1970s is an example
Primary value chain activities that involve the effective layout of receiving dock operations (inbound
logistics) and support value chain activities that include expertise in process engineering (technology
development) characterize what generic strategy?
overall cost leadership
A manufacturing business pursuing cost leadership will likely
rely on experience effects to raise efficiency.
Research has consistently shown that firms that achieve both cost and differentiation advantages tend
higher than firms that achieve either a cost or a differentiation advantage.
All of the following are potential pitfalls of a focus strategy except
all rivals share a common input or raw material
Which of the following statements about the introduction stage of the market life cycle is true
Products or services offered by pioneers may be perceived as differentiated simply because they
The size of pricing and differentiation advantages between competitors decreases in which stage of
the market life cycle?
Which of the following descriptions of a product in the maturity stage is true?
A differentiator's product price is typically higher than that of a cost leader.
As markets mature:
GM requires that senior managers from its international partners' headquarters report directly to a top-ranking GM regional executive.
This illustrates GM's _____ strategy.