UOP STR581 week 4 knowledge check quiz

UOP STR581 week 4 knowledge check quiz

Question # 00026783 Posted By: neil2103 Updated on: 09/26/2014 07:42 AM Due on: 09/30/2014
Subject Business Topic General Business Tutorials:
Question
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Firms that enjoy higher profit margins are using which of Michael Porter’s generic strategies?

Hint
  • A.

    Cost leadership

  • B.

    Differentiation

  • C.

    Focus

  • D.

    Concentrated growth

2.

Which of the following companies is a good example of a low-cost leader?

Hint
  • A.

    Wal-Mart

  • B.

    Brooks Brothers

  • C.

    Chivas Regal

  • D.

    Porsche


3.

Firms that follow this type of generic strategy can sometimes have difficulties succeeding without compromising the key attributes of a company’s products or services.

Hint
  • A.

    Focus

  • B.

    Differentiation

  • C.

    Cost leadership

  • D.

    Concentrated growth

4.

Which of the following is a generic strategy developed by Michael Porter?

Hint
  • A.

    Market development

  • B.

    Differentiation

  • C.

    Liquidation

  • D.

    Innovation


5.

Striving to create and market unique products for varied customer groups is called

6.

Which of the following is a value discipline?

Hint
  • A.

    Operational excellence

  • B.

    Cost leadership

  • C.

    Concentrated growth

  • D.

    Innovation


7.

Companies that pursue this value discipline strive to produce a continuous stream of state-of-the-art products and services.

Hint
  • A.

    Customer intimacy

  • B.

    Operational excellence

  • C.

    Product leadership

  • D.

    Innovation


8.

Which of the grand strategies is typically lowest in risk?

Hint
  • A.

    Horizontal integration

  • B.

    Concentrated growth

  • C.

    Market development

  • D.

    Divestiture


9.

The grand strategy in which the firm directs its resources to the profitable growth of a single product, in a single market and with a single technology is termed

Hint
  • A.

    product development

  • B.

    market development

  • C.

    concentrated growth

  • D.

    vertical integration


10.

What is it called when current products are marketed, often with only cosmetic changes, to customers in related market areas?

Hint
  • A.

    Diversification

  • B.

    Concentrated growth

  • C.

    Product development

  • D.

    Market development


11.

The acquisition of one or more businesses operating at the same stage of the production-marketing chain is an example of

Hint
  • A.

    market development

  • B.

    product development

  • C.

    innovation

  • D.

    horizontal acquisition


13.

For the ABC Company, the Alpha business is in a dominant market share position in a mature market. As per the BCG matrix, Alpha is a

Hint
  • A.

    star

  • B.

    question mark

  • C.

    cash cow

  • D.

    dog


14.

Which matrix makes fine distinctions among business portfolio positions with the inclusion of high/medium/low axes?

Hint
  • A.

    Industry strength matrix

  • B.

    Growth-share matrix

  • C.

    Strategic environments matrix

  • D.

    Industry attractiveness–business strength matrix


15.

Which matrix involves a framework that can help ensure that businesses' strategies are consistent with strategies appropriate to their strategic environment?

Hint
  • A.

    Strategic choice matrix

  • B.

    Growth-share matrix

  • C.

    Industry attractiveness–business strength matrix

  • D.

    Strategic environments matrix


16.

Which of the following represents an operating opportunity to build value or sharing?

Hint
  • A.

    Shared inbound or outbound shipping and materials handling

  • B.

    Shared management know-how

  • C.

    Shared after-sales service

  • D.

    Shared brand name


17.

The most compelling reason companies should diversify can be found in situations when

Hint
  • A.

    core competencies are not similar

  • B.

    core competencies can be leveraged with other products or into other markets

  • C.

    management is similar in various businesses

  • D.

    cash resources can be leveraged

18.

The core competency must represent a major source of value to be a basis for competitive advantage. Furthermore, the core competency

Hint
  • A.

    must be negotiable

  • B.

    must be financial

  • C.

    must be diversified

  • D.

    must be transferable


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  1. neil2103
    Tutorial # 00026203 Posted By: neil2103 Posted on: 09/26/2014 07:44 AM
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