Podcast
Questions and Answers
Which of the following is NOT a factor considered in market approach to strategy?
Which of the following is NOT a factor considered in market approach to strategy?
- Market stability
- Market share
- Product cost (correct)
- Product range
What are the five forces of competition according to the text?
What are the five forces of competition according to the text?
- Make v Buy decisions, responsiveness, lowest cost producer, flexibility, dependability
- Threat of new competitors, market stability, responsiveness, lowest cost producer, bargaining power of customers
- Market stability, market share, product range, product characteristics, customer characteristics
- Threat of new competitors, bargaining power of suppliers, internal competition, threat of new technology, bargaining power of customers (correct)
What are the three generic strategies proposed by ME Porter?
What are the three generic strategies proposed by ME Porter?
- Market stability, market share, product range
- Make v Buy decisions, responsiveness, lowest cost producer
- Threat of new competitors, bargaining power of suppliers, internal competition
- Lowest cost, niche, differentiate (correct)
According to the text, what is a characteristic of Rising Stars in the Product Matrix?
According to the text, what is a characteristic of Rising Stars in the Product Matrix?
According to the text, what is a characteristic of Dogs in the Product Matrix?
According to the text, what is a characteristic of Dogs in the Product Matrix?
According to the text, what is a characteristic of Cash Cows in the Product Matrix?
According to the text, what is a characteristic of Cash Cows in the Product Matrix?
According to the text, what is a characteristic of Problem Child in the Product Matrix?
According to the text, what is a characteristic of Problem Child in the Product Matrix?
Which company is known for selling direct to customers and using online sales?
Which company is known for selling direct to customers and using online sales?
Which company has a high risk of obsolescence?
Which company has a high risk of obsolescence?
What is the key factor in competing through strategy?
What is the key factor in competing through strategy?
What must manufacturing strategy integrate with?
What must manufacturing strategy integrate with?
