Podcast
Questions and Answers
What are some cost elements that affect the relative attractiveness of generic strategies?
What are some cost elements that affect the relative attractiveness of generic strategies?
- Employee training costs and benefits
- Advertising and promotional expenses
- Market demand and competition analysis
- Economies or diseconomies of scale, learning and experience curve effects (correct)
What type of strategy offers products/services to a wide range of customers at the lowest price available on the market?
What type of strategy offers products/services to a wide range of customers at the lowest price available on the market?
- Type 2 narrow low-cost strategy
- Type 3 wide target market differentiation
- Type 1 low-cost strategy (correct)
- Differentiation strategy
Which factor contributes to some mergers and acquisitions failing?
Which factor contributes to some mergers and acquisitions failing?
- Increased employee satisfaction
- Difficulty in integrating different organizational cultures (correct)
- Effective synergy realization
- Smooth transition of ownership
What is the advantage associated with being a first mover in the market?
What is the advantage associated with being a first mover in the market?
What are the means for achieving strategies mentioned in the text?
What are the means for achieving strategies mentioned in the text?
What is the main focus of value chain analysis?
What is the main focus of value chain analysis?
Which best describes the purpose of benchmarking in value chain analysis?
Which best describes the purpose of benchmarking in value chain analysis?
What is the key aspect of Michael Porter's Cost Leadership strategy?
What is the key aspect of Michael Porter's Cost Leadership strategy?
How does benchmarking differ from value chain analysis?
How does benchmarking differ from value chain analysis?
Which statement best describes the relationship between differentiation and cost leadership strategies?
Which statement best describes the relationship between differentiation and cost leadership strategies?
