MAN 4720 Final Exam UCF
(Capstone UCF)
Av-vAnswerv-vWhatvisvavgenericvbusinessvstrategy?
A.vavgeneralvwayvofvpositioningvavfirm'svbusiness-levelvstrategyvwithinvanvindustry
B.vavgeneralvwayvofvpositioningvavfirm'svbusiness-
levelvstrategyvtovpenetratevanvinternationalvmarket
C.vavgeneralvstrategyvthatvpositionsvyourvfirmvinvavcompetitivevpositionvwithinvanvindustry
D.vallvofvthevabove
Av-vAnswerv-
vWhatvarevthevtwovdimensionsvonvwhichvgenericvbusinessvstrategiesvarevclassified?
A.vbreadthvofvcompetitivevscope/sourcevofvcompetitivevadvantage
B.vbreadthvofvproductvline/sourcevofvcompetitivevadvantage
C.vbreadthvofvcompetitivevscope/extentvofvverticalvintegration
D.vbreadthvofvproductvline/extentvofvverticalvintegration
Dv-vAnswerv-vWhichvofvthevfollowingvisvnotvavmainvgenericvstrategies?
A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvpenetration
Fv-vAnswerv-vWhichvofvthevfollowingvisvanvexamplevofvonevofvthevmainvgenericvstrategies?
A.vdifferentiation
B.vdiversification
C.vfocusedvlowvcost
D.vcostvabandonment
E.vBv&vC
F.vAv&vC
Av-vAnswerv-
vWhichvgenericvbusinessvstrategyvisvonvthevintersectionvofvcompetingvonvcostvandvtargetingv
avbroadvmarket?
,A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvdifferentiation
Tv-vAnswerv-
vT/F:vThevexperiencevcurvevisvknownvasvthevdeclinevinvunitvcostvofvproductionvasvcumulative
voutputvincreasesv-vbasedvonvknowledge/expertise.
Fv-vAnswerv-
vT/F:vEconomiesvofvscalevrefersvtovanvincreasevinvunitvcostvofvproductionvasvratevofvoutputvin
creasesv(basedvonvspreadingvoutvfixedvcosts).
Cv-vAnswerv-vAllvofvthevfollowingvarevdisadvantagesvofvcostvleadershipvEXCEPT:
A.vperceptionsvofvquality
B.vreliesvonvvolume
C.vhardervtovsurvivevpricevwars
D.vcanvbevtoovfocusedvonvcost
Bv-vAnswerv-vWhichvofvthevfollowingvisvavdisadvantagevofvcostvleadership:
A.vperceptionsvofvservice
B.vcanvbevfocusedvtoovmuchvonvcost
C.vreliesvonvdemand
D.vnonevofvthevabove
Bv-vAnswerv-vAllvofvthevfollowingvarevadvantagesvofvcostvleadershipvEXCEPT:
A.vhighvprofitsvthroughvvolume
B.vperceptionsvofvquality
C.veasiervtovsurvivevpricevwars
D.vallvofvthevabove
Fv-vAnswerv-vWhichvofvthevfollowingvisvanvadvantagevofvcostvleadership?
A.vperceptionsvofvcost
B.veasiervtovsurvivevpricevwars
C.vlowvprofitsvthroughvvolume
D.vhighvprofitsvthroughvvolume
,E.vAv&vC
F.vBv&vD
Bv-vAnswerv-
vWhichvgenericvbusinessvstrategyvisvonvthevintersectionvofvcompetingvonvuniquenessvandvta
rgetingvavbroadvmarket?
A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvdifferentiation
Tv-vAnswerv-
vT/F:vInnovationvbecomesvreallyvimportantvwithvavdifferentiationvbusinessvstrategy.
Fv-vAnswerv-
vT/F:vDifferentiationvstrategiesvfacevthreatsvfromvknockvoffsvbutvarevnotvsensitivevtovpricevwa
rs.
Fv-vAnswerv-
vT/F:vDifferentiationvpreventsvavfirmvfromvcreatingvbrandvloyaltyvandvincreasingvprofitvmargi
ns.
Cv-vAnswerv-
vWhichvgenericvbusinessvstrategyvisvonvthevintersectionvofvcompetingvonvcostvandvtargetingv
avnarrowvmarket?
A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvdifferentiation
Av-vAnswerv-
vWhichvofvthevfollowingvISvNOTvavdisadvantagevofvfocusedvgenericvbusinessvstrategies?
A.vlowervprofitvmargins
B.vlimitedvdemand
C.vnichevmayvchangevorvdisappear
D.vallvofvthevabove
, Bv-vAnswerv-
vWhichvofvthevfollowingvisvavdisadvantagevofvfocusedvgenericvbusinessvstrategies?
A.vlowervprofitvmargins
B.vlimitedvdemand
C.vdecreasedvuniquenessvofvproducts
D.vhardestvstrategyvtovimplement
Dv-vAnswerv-
vWhichvgenericvbusinessvstrategyvisvonvthevintersectionvofvcompetingvonvuniquenessvandvta
rgetingvavnarrowvmarket?
A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvdifferentiation
Cv-vAnswerv-
vYouvarevavconsultantvforvToyotavandvhavevdeterminedvthatvinvthevcarvmanufacturingvmarke
t,vtheirvproductsvarevofferedvatvavmuchvlowervpricevthanvcompetitors,vbutvarevalsovsubstanti
allyvdifferentiatedvfromvcompetitors.vThevmostvaccuratevdescriptionvofvToyota'svgenericvstr
ategyvis:
A.vDifferentiation
B.vOverallvCostvLeadership
C.vBestvCostvStrategy
D.vFocusedvDifferentiation
Tv-vAnswerv-
vT/F:vCompaniesvwillvchoosevavgenericvbusinessvstrategyvtovavoidvbecomingv"stuckvinvthev
middle".vThesevfirmsvarevthevonesvthatvdon'tvtryvtovcompetevonveithervdifferentiationvorvcost.
Dv-vAnswerv-vAvcompanyvusingvavbestvcostvstrategyvmayvdovallvofvthevfollowingvEXCEPT:
A.vusevmorevthanvonevgenericvstrategy
B.vcompetevonvpricevandvuniqueness
C.vmightvconsidervdifferentvstrategiesvforvdifferentvbrands
D.vusesvthevsinglevbestvstrategyvpossiblevtovobtainvthevbestvcostvavailable
(Capstone UCF)
Av-vAnswerv-vWhatvisvavgenericvbusinessvstrategy?
A.vavgeneralvwayvofvpositioningvavfirm'svbusiness-levelvstrategyvwithinvanvindustry
B.vavgeneralvwayvofvpositioningvavfirm'svbusiness-
levelvstrategyvtovpenetratevanvinternationalvmarket
C.vavgeneralvstrategyvthatvpositionsvyourvfirmvinvavcompetitivevpositionvwithinvanvindustry
D.vallvofvthevabove
Av-vAnswerv-
vWhatvarevthevtwovdimensionsvonvwhichvgenericvbusinessvstrategiesvarevclassified?
A.vbreadthvofvcompetitivevscope/sourcevofvcompetitivevadvantage
B.vbreadthvofvproductvline/sourcevofvcompetitivevadvantage
C.vbreadthvofvcompetitivevscope/extentvofvverticalvintegration
D.vbreadthvofvproductvline/extentvofvverticalvintegration
Dv-vAnswerv-vWhichvofvthevfollowingvisvnotvavmainvgenericvstrategies?
A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvpenetration
Fv-vAnswerv-vWhichvofvthevfollowingvisvanvexamplevofvonevofvthevmainvgenericvstrategies?
A.vdifferentiation
B.vdiversification
C.vfocusedvlowvcost
D.vcostvabandonment
E.vBv&vC
F.vAv&vC
Av-vAnswerv-
vWhichvgenericvbusinessvstrategyvisvonvthevintersectionvofvcompetingvonvcostvandvtargetingv
avbroadvmarket?
,A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvdifferentiation
Tv-vAnswerv-
vT/F:vThevexperiencevcurvevisvknownvasvthevdeclinevinvunitvcostvofvproductionvasvcumulative
voutputvincreasesv-vbasedvonvknowledge/expertise.
Fv-vAnswerv-
vT/F:vEconomiesvofvscalevrefersvtovanvincreasevinvunitvcostvofvproductionvasvratevofvoutputvin
creasesv(basedvonvspreadingvoutvfixedvcosts).
Cv-vAnswerv-vAllvofvthevfollowingvarevdisadvantagesvofvcostvleadershipvEXCEPT:
A.vperceptionsvofvquality
B.vreliesvonvvolume
C.vhardervtovsurvivevpricevwars
D.vcanvbevtoovfocusedvonvcost
Bv-vAnswerv-vWhichvofvthevfollowingvisvavdisadvantagevofvcostvleadership:
A.vperceptionsvofvservice
B.vcanvbevfocusedvtoovmuchvonvcost
C.vreliesvonvdemand
D.vnonevofvthevabove
Bv-vAnswerv-vAllvofvthevfollowingvarevadvantagesvofvcostvleadershipvEXCEPT:
A.vhighvprofitsvthroughvvolume
B.vperceptionsvofvquality
C.veasiervtovsurvivevpricevwars
D.vallvofvthevabove
Fv-vAnswerv-vWhichvofvthevfollowingvisvanvadvantagevofvcostvleadership?
A.vperceptionsvofvcost
B.veasiervtovsurvivevpricevwars
C.vlowvprofitsvthroughvvolume
D.vhighvprofitsvthroughvvolume
,E.vAv&vC
F.vBv&vD
Bv-vAnswerv-
vWhichvgenericvbusinessvstrategyvisvonvthevintersectionvofvcompetingvonvuniquenessvandvta
rgetingvavbroadvmarket?
A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvdifferentiation
Tv-vAnswerv-
vT/F:vInnovationvbecomesvreallyvimportantvwithvavdifferentiationvbusinessvstrategy.
Fv-vAnswerv-
vT/F:vDifferentiationvstrategiesvfacevthreatsvfromvknockvoffsvbutvarevnotvsensitivevtovpricevwa
rs.
Fv-vAnswerv-
vT/F:vDifferentiationvpreventsvavfirmvfromvcreatingvbrandvloyaltyvandvincreasingvprofitvmargi
ns.
Cv-vAnswerv-
vWhichvgenericvbusinessvstrategyvisvonvthevintersectionvofvcompetingvonvcostvandvtargetingv
avnarrowvmarket?
A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvdifferentiation
Av-vAnswerv-
vWhichvofvthevfollowingvISvNOTvavdisadvantagevofvfocusedvgenericvbusinessvstrategies?
A.vlowervprofitvmargins
B.vlimitedvdemand
C.vnichevmayvchangevorvdisappear
D.vallvofvthevabove
, Bv-vAnswerv-
vWhichvofvthevfollowingvisvavdisadvantagevofvfocusedvgenericvbusinessvstrategies?
A.vlowervprofitvmargins
B.vlimitedvdemand
C.vdecreasedvuniquenessvofvproducts
D.vhardestvstrategyvtovimplement
Dv-vAnswerv-
vWhichvgenericvbusinessvstrategyvisvonvthevintersectionvofvcompetingvonvuniquenessvandvta
rgetingvavnarrowvmarket?
A.vcostvleadership
B.vdifferentiation
C.vfocusedvlowvcost
D.vfocusedvdifferentiation
Cv-vAnswerv-
vYouvarevavconsultantvforvToyotavandvhavevdeterminedvthatvinvthevcarvmanufacturingvmarke
t,vtheirvproductsvarevofferedvatvavmuchvlowervpricevthanvcompetitors,vbutvarevalsovsubstanti
allyvdifferentiatedvfromvcompetitors.vThevmostvaccuratevdescriptionvofvToyota'svgenericvstr
ategyvis:
A.vDifferentiation
B.vOverallvCostvLeadership
C.vBestvCostvStrategy
D.vFocusedvDifferentiation
Tv-vAnswerv-
vT/F:vCompaniesvwillvchoosevavgenericvbusinessvstrategyvtovavoidvbecomingv"stuckvinvthev
middle".vThesevfirmsvarevthevonesvthatvdon'tvtryvtovcompetevonveithervdifferentiationvorvcost.
Dv-vAnswerv-vAvcompanyvusingvavbestvcostvstrategyvmayvdovallvofvthevfollowingvEXCEPT:
A.vusevmorevthanvonevgenericvstrategy
B.vcompetevonvpricevandvuniqueness
C.vmightvconsidervdifferentvstrategiesvforvdifferentvbrands
D.vusesvthevsinglevbestvstrategyvpossiblevtovobtainvthevbestvcostvavailable
