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87.
Tangles Costume Jewelry offers slightly lowerquality merchandise than competitors at a much
lower price. What strategy is Tangles using?
88.
Which of the following
best
describes a strategic trade-off?
89.
Product features, customer service, and complements are all examples of important
90.
How does availability of complements act as a value driver?
91.
What is a value gap?
92.
Higher value tends to require
93.
Handy Helper, Inc. produces decent-quality woodworking tools at a mid-range price. Master
Tools, Inc. produces high-quality tools also at a mid-range price. Master Tools gained a
competitive advantage because it has ______ than Handy Helper.
94.
What
must
a cost-leadership strategy accomplish to be successful?
95.
How is differentiation parity different from cost parity?
96.
Gotta Get Chocolates, Inc. has recently introduced a new production method that will make
the production of their chocolates more cost-effective. Which of the following will
most
likely
be the result of this innovation?
97.
Which of the following is an accurate statement about learning effects?
98.
Cool Cat Inc. has dominated the high-end refrigerator market by producing a reliable
refrigerator with many bonus features that appeal to customers. Recently, a competitor has
developed a refrigerator that offers many of the same features as Cool Cat's refrigerator.
Which of the following will
most
likely help Cool Cat to keep its competitive advantage?
99.
How is a cost-leader protected from threats from powerful buyers?
100.
Which of the following scenarios would threaten a firm that uses a differentiation strategy?
101.
Help Yourself Inc. publishes many types self-help books. Recently, the consumer demand for
winter gardening books has increased significantly. Although Help Yourself has limited
production facilities, it has increased the production of these books to meet this demand. It
hopes to get books to the market faster than its closest competitor, who is also increasing the
production of winter gardening books. Which of the following aspects of business-level
strategy has Help Yourself accomplished?
102.
Which of the following is primarily a cost driver?
103.
Clean Machine Inc. produces a high-quality dishwashing machine that is reliable and durable.
How would this product
most
likely act as a cost driver?
104.
Which of the following is primarily a value driver?
105.
How did Marriott use economies of scope to achieve greater economic value than its
competitors?
106.
As it takes less and less time to produce the same output, learning curves usually
107.
To initiate a strategic move that allows a firm to open up new and uncontested market space
through value innovation, managers must address four key questions when formulating a blue
ocean business strategy. These questions focus on
108.
The pursuit of both differentiation and low cost at the same time in a way that creates a leap
in value for both the firm and consumers is called
109.
Trader Joe's successfully used a blue ocean strategy by offering lower cost food than Whole
Foods for the same market of patrons. By doing this, Trader Joe's was able to
110.
What does blue ocean strategy attempt to reconcile?
