2
BUS 6600 Strategic Management Exam with accurate detailed
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answers
Whatever strategic approach is adopted by a company to deliver value, it nearly always
|| || || || || || || || || || || || || ||
requires - ✔✔performing chain activities differently than rivals and building competitively
|| || || || || || || || || || ||
valuable resources and capabilities that rivals cannot readily match
|| || || || || || || ||
The biggest and most important differences among the competitive strategies of different
|| || || || || || || || || || || ||
companies boil down to - ✔✔whether a company's market target is broad or narrow and
|| || || || || || || || || || || || || || ||
whether the company is pursuing a competitive advantage linked to low cost or
|| || || || || || || || || || || || ||
differentiation
A boutique hotel chain provides upscale rooms and superior customer service at value
|| || || || || || || || || || || || ||
prices. What strategy is the hotelier using to gain competitive advantage? - ✔✔a best-cost
|| || || || || || || || || || || || || ||
provider strategy ||
Once a company has decided to employ a particular generic competitive strategy, then it
|| || || || || || || || || || || || || ||
must make the following additional strategic choices EXCEPT whether to - ✔✔pay special
|| || || || || || || || || || || || ||
attention to buyer segments that a rival is already serving
|| || || || || || || || ||
Which of the following is NOT a strategic choice that a company must make to complement
|| || || || || || || || || || || || || || || ||
and supplement its choice of one of the five generic competitive strategies? - ✔✔whether
|| || || || || || || || || || || || || ||
to employ a market share leadership strategy
|| || || || || ||
Strategic offensive should, as a generic rules, be based on - ✔✔exploiting a company's
|| || || || || || || || || || || || || ||
strongest competitive assets-its most valuable resources and capabilities
|| || || || || || ||
The primary reasons that companies opt to expand into foreign markets are to - ✔✔gain
|| || || || || || || || || || || || || || ||
access to new customers, achieve lower costs, enhance the company's competitiveness,
|| || || || || || || || || || ||
capitalize on core competencies, and spread business risk across a wider market base
|| || || || || || || || || || || ||
, 2
Which of the following is NOT a possible reason why Uber opted to expand its on-demand
|| || || || || || || || || || || || || || || ||
transportation services into foreign markets? - ✔✔to build the profit sanctuary necessary to
|| || || || || || || || || || || || ||
wage guerrilla offensives against global challengers endeavoring to invade its home market
|| || || || || || || || || || ||
Exxon Mobil enters into a pact with Gazprom, the world's largest natural gas extractor, to
|| || || || || || || || || || || || || || ||
set up a processing unit in Moscow. Which of the following is most likely the reason for
|| || || || || || || || || || || || || || || || ||
Exxon Mobil to opt for this strategic alliance? - ✔✔to gain access to low-cost inputs of
|| || || || || || || || || || || || || || || ||
production
A company's competitive strategy is unlikely to succeed unless it - ✔✔is predicated on
|| || || || || || || || || || || || || ||
leveraging a competitively valuable collection of resources and capabilities that match the
|| || || || || || || || || || || ||
strategy.
The marketing emphasis of a company pursuing a focused differentiation strategy usually is
|| || || || || || || || || || || || ||
to - ✔✔communicate how product offerings do the best job of meeting niche buyers'
|| || || || || || || || || || || || || ||
expectations.
A differentiation strategy works best in which of the following market circumstances? -
|| || || || || || || || || || || || ||
✔✔when there are many ways to differentiate the product or service that have value to
|| || || || || || || || || || || || || || ||
buyers
Best-cost provider strategies work best when - ✔✔product differentiation is the norm and
|| || || || || || || || || || || || ||
there is an attractively large number of value-conscious buyers.
|| || || || || || || ||
What are the two ways a company can translate its low-cost advantage over rivals into
|| || || || || || || || || || || || || || ||
attractive profit performance? - ✔✔either using its low-cost edge to underprice competitors
|| || || || || || || || || || || ||
and attract price-sensitive buyers in large enough numbers to increase total profits or
|| || || || || || || || || || || || ||
refraining from price cutting and using the low-cost advantage to earn a bigger profit margin
|| || || || || || || || || || || || || ||
on each unit sold
|| || || ||
BUS 6600 Strategic Management Exam with accurate detailed
|| || || || || || || ||
answers
Whatever strategic approach is adopted by a company to deliver value, it nearly always
|| || || || || || || || || || || || || ||
requires - ✔✔performing chain activities differently than rivals and building competitively
|| || || || || || || || || || ||
valuable resources and capabilities that rivals cannot readily match
|| || || || || || || ||
The biggest and most important differences among the competitive strategies of different
|| || || || || || || || || || || ||
companies boil down to - ✔✔whether a company's market target is broad or narrow and
|| || || || || || || || || || || || || || ||
whether the company is pursuing a competitive advantage linked to low cost or
|| || || || || || || || || || || || ||
differentiation
A boutique hotel chain provides upscale rooms and superior customer service at value
|| || || || || || || || || || || || ||
prices. What strategy is the hotelier using to gain competitive advantage? - ✔✔a best-cost
|| || || || || || || || || || || || || ||
provider strategy ||
Once a company has decided to employ a particular generic competitive strategy, then it
|| || || || || || || || || || || || || ||
must make the following additional strategic choices EXCEPT whether to - ✔✔pay special
|| || || || || || || || || || || || ||
attention to buyer segments that a rival is already serving
|| || || || || || || || ||
Which of the following is NOT a strategic choice that a company must make to complement
|| || || || || || || || || || || || || || || ||
and supplement its choice of one of the five generic competitive strategies? - ✔✔whether
|| || || || || || || || || || || || || ||
to employ a market share leadership strategy
|| || || || || ||
Strategic offensive should, as a generic rules, be based on - ✔✔exploiting a company's
|| || || || || || || || || || || || || ||
strongest competitive assets-its most valuable resources and capabilities
|| || || || || || ||
The primary reasons that companies opt to expand into foreign markets are to - ✔✔gain
|| || || || || || || || || || || || || || ||
access to new customers, achieve lower costs, enhance the company's competitiveness,
|| || || || || || || || || || ||
capitalize on core competencies, and spread business risk across a wider market base
|| || || || || || || || || || || ||
, 2
Which of the following is NOT a possible reason why Uber opted to expand its on-demand
|| || || || || || || || || || || || || || || ||
transportation services into foreign markets? - ✔✔to build the profit sanctuary necessary to
|| || || || || || || || || || || || ||
wage guerrilla offensives against global challengers endeavoring to invade its home market
|| || || || || || || || || || ||
Exxon Mobil enters into a pact with Gazprom, the world's largest natural gas extractor, to
|| || || || || || || || || || || || || || ||
set up a processing unit in Moscow. Which of the following is most likely the reason for
|| || || || || || || || || || || || || || || || ||
Exxon Mobil to opt for this strategic alliance? - ✔✔to gain access to low-cost inputs of
|| || || || || || || || || || || || || || || ||
production
A company's competitive strategy is unlikely to succeed unless it - ✔✔is predicated on
|| || || || || || || || || || || || || ||
leveraging a competitively valuable collection of resources and capabilities that match the
|| || || || || || || || || || || ||
strategy.
The marketing emphasis of a company pursuing a focused differentiation strategy usually is
|| || || || || || || || || || || || ||
to - ✔✔communicate how product offerings do the best job of meeting niche buyers'
|| || || || || || || || || || || || || ||
expectations.
A differentiation strategy works best in which of the following market circumstances? -
|| || || || || || || || || || || || ||
✔✔when there are many ways to differentiate the product or service that have value to
|| || || || || || || || || || || || || || ||
buyers
Best-cost provider strategies work best when - ✔✔product differentiation is the norm and
|| || || || || || || || || || || || ||
there is an attractively large number of value-conscious buyers.
|| || || || || || || ||
What are the two ways a company can translate its low-cost advantage over rivals into
|| || || || || || || || || || || || || || ||
attractive profit performance? - ✔✔either using its low-cost edge to underprice competitors
|| || || || || || || || || || || ||
and attract price-sensitive buyers in large enough numbers to increase total profits or
|| || || || || || || || || || || || ||
refraining from price cutting and using the low-cost advantage to earn a bigger profit margin
|| || || || || || || || || || || || || ||
on each unit sold
|| || || ||
