Which strategy concentrates on a narrow buyer segment and outcompetes rivals by offering customized products?

focused differentiation strategy

Which of the following is NOT a differentiation through uniqueness driver?

substituting lower costs inputs

Which of the following is NOT a cost-saving approach?

superior product features, designs, and performances

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Questions 10

Answers

1
Which strategy concentrates on a narrow buyer segment and outcompetes rivals by offering customized products?
best-cost provider strategy
focused differentiation strategy
low-cost provider strategy
focused low-cost strategy
2
What type of strategy strives to lower overall costs than rivals and appeals to a broad spectrum of customers?
best-cost provider strategy
low-cost provider strategy
broad differentiation strategy
focused low-cost strategy
3
Which of the following is NOT a differentiation through uniqueness driver?
Seeking out high quality inputs
superior product features, designs, and performances
Investing in product-related R&D
substituting lower costs inputs
4
Which of the following is NOT a cost-saving approach?
substituting lower costs inputs
superior product features, designs, and performances
trying to operate in a full capacity
striving to capture all available economies of scale
5
What type of strategy seeks to differentiate its products from rivals, appealing to a broad spectrum of buyers?
focused differentiation strategy
best-cost provider strategy
broad differentiation strategy
focused low-cost strategy
6
It is a factor having a strong effect on the cost of a company's value chain activities and cost structure.
chauffeur
screwdriver
cost driver
value driver
7
This concerns the specifics of management's game plan for securing a competitive advantage over rivals.
planning
operational strategy
business strategy
competitive strategy
8
It is a value chain activity that can have a strong effect on customer value & creating differentiation.
corporate driver
cost driver
value driver
competent driver
9
What type of strategy concentrates on a narrow market segment and outperforms rivals by having lower costs?
low-cost provider strategy
focused low-cost strategy
focused differentiation strategy
best-cost provider strategy
10
What type of strategy uses the hybrid of low-costs and differentiation?
broad differentiation strategy
low-cost provider strategy
focused low-cost strategy
best-cost provider strategy

Test Your Knowledge Flashcards | StudBud

Test Your Knowledge

10 termsStudBud Administration40 plays

Imported from external platform

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Which strategy concentrates on a narrow buyer segment and outcompetes rivals by offering customized products?
best-cost provider strategy
focused differentiation strategy
low-cost provider strategy
focused low-cost strategy
2
What type of strategy strives to lower overall costs than rivals and appeals to a broad spectrum of customers?
best-cost provider strategy
low-cost provider strategy
broad differentiation strategy
focused low-cost strategy
3
Which of the following is NOT a differentiation through uniqueness driver?
Seeking out high quality inputs
superior product features, designs, and performances
Investing in product-related R&D
substituting lower costs inputs
4
Which of the following is NOT a cost-saving approach?
substituting lower costs inputs
superior product features, designs, and performances
trying to operate in a full capacity
striving to capture all available economies of scale
5
What type of strategy seeks to differentiate its products from rivals, appealing to a broad spectrum of buyers?
focused differentiation strategy
best-cost provider strategy
broad differentiation strategy
focused low-cost strategy
6
It is a factor having a strong effect on the cost of a company's value chain activities and cost structure.
chauffeur
screwdriver
cost driver
value driver
7
This concerns the specifics of management's game plan for securing a competitive advantage over rivals.
planning
operational strategy
business strategy
competitive strategy
8
It is a value chain activity that can have a strong effect on customer value & creating differentiation.
corporate driver
cost driver
value driver
competent driver
9
What type of strategy concentrates on a narrow market segment and outperforms rivals by having lower costs?
low-cost provider strategy
focused low-cost strategy
focused differentiation strategy
best-cost provider strategy
10
What type of strategy uses the hybrid of low-costs and differentiation?
broad differentiation strategy
low-cost provider strategy
focused low-cost strategy
best-cost provider strategy