SEVI 3013 UARK Exam 2 Summer
Online-Graded A
expand the profit pool. - ANS-Outside the flight experience itself, airlines are generating
revenue by charging fees for credit cards, frequent-flyer programs, and access to airport
lounges. This serves to
a sustainable competitive advantage. - ANS-Barnes and Noble lost its market share in
book retailing to Amazon. It tried to regain market share by offering a similar electronic
reader, the Nook, to the Amazon Kindle series. This demonstrates that Barnes and
Noble lacked
down - ANS-A low-cost position permits buyers to exert power to drive ________ prices
only to the level of the next most efficient producer.
offering lower prices to frequent customers. - ANS-A firm can achieve differentiation
through all the following means except
introduction - ANS-In the ________ stage of the industry life cycle, the emphasis on
product design is very high, the intensity of competition is low, and the market growth
rate is low.
achieving competitive advantage. - ANS-The primary aim of strategic management at
the business level is
repeating a process until a task becomes easier. - ANS-One aspect of using a cost
leadership strategy is that experience effects may lead to lower costs. Experience
effects are achieved by
selective product and market pruning - ANS-Proctor and Gamble announced that it
would sell off or close down up to 100 of its brands. This is an example of which
turnaround strategy used by successful companies?
higher than firms that achieve either a cost or a differentiation advantage. - ANS-
Research has consistently shown that firms that achieve both cost leadership and
differentiation advantages tend to perform
cost; higher - ANS-A risk for a firm that tries to attain both cost and differentiation
advantages is that it can be stuck in the middle. An example of this is supermarkets
because their ________ structure is ________ than discount retailers, and customers
, do not value their products and services as being high-end such as those offered by
Whole Foods.
shareholder development. - ANS-Diversification initiatives include all the following
except
mergers and acquisitions - ANS-According to Michael Porter, there is a tremendous
allure to ________. It is the big play, the dramatic gesture. With one stroke of the pen,
you can add billions to size, get a front-page story, and create excitement in markets.
divestiture - ANS-An acquisition that results in ________ commonly indicates that
expectations were not met.
developing and diffusing new technologies - ANS-Ford and VW signed a memorandum
of understanding to work together to develop autonomous vehicles. Which of the
following best explains the potential advantage for them?
Unrelated - ANS-________ diversification is when a firm enters a different business that
has little horizontal interaction with other businesses of a firm.
related diversification to acquire economies of scope by leveraging core competencies.
- ANS-3M leverages its competencies in adhesives technologies to many industries,
including automotive, construction, and telecommunications. This is an example of
creating value by using
sharing activities. - ANS-When management uses common production facilities or
purchasing procedures to distribute different but related products, they are
The acquisition leads to value creation. - ANS-Which of the following is not a reason for
merger and acquisition failures?
Parenting - ANS-________ is when the corporate office helps subsidiaries make wise
choices in their own acquisitions, divestures, and new ventures, thereby creating value
within business units.
core competencies. - ANS-Casio, a giant electronic products producer, synthesizes its
abilities in miniaturization, microprocessor design, material science, and ultrathin
precision castings to produce digital watches. It uses the same skills to produce card
calculators, digital cameras, and other small electronics. These collective skills are
Culture sets explicit boundaries. - ANS-Which of the following is not an example of how
organizational culture exerts behavioral control?
balance; alignment - ANS-Behavioral controls are aspects of strategic change that
involve finding the appropriate ________ and ________ among the culture, rewards,
and boundaries of the firm.
Online-Graded A
expand the profit pool. - ANS-Outside the flight experience itself, airlines are generating
revenue by charging fees for credit cards, frequent-flyer programs, and access to airport
lounges. This serves to
a sustainable competitive advantage. - ANS-Barnes and Noble lost its market share in
book retailing to Amazon. It tried to regain market share by offering a similar electronic
reader, the Nook, to the Amazon Kindle series. This demonstrates that Barnes and
Noble lacked
down - ANS-A low-cost position permits buyers to exert power to drive ________ prices
only to the level of the next most efficient producer.
offering lower prices to frequent customers. - ANS-A firm can achieve differentiation
through all the following means except
introduction - ANS-In the ________ stage of the industry life cycle, the emphasis on
product design is very high, the intensity of competition is low, and the market growth
rate is low.
achieving competitive advantage. - ANS-The primary aim of strategic management at
the business level is
repeating a process until a task becomes easier. - ANS-One aspect of using a cost
leadership strategy is that experience effects may lead to lower costs. Experience
effects are achieved by
selective product and market pruning - ANS-Proctor and Gamble announced that it
would sell off or close down up to 100 of its brands. This is an example of which
turnaround strategy used by successful companies?
higher than firms that achieve either a cost or a differentiation advantage. - ANS-
Research has consistently shown that firms that achieve both cost leadership and
differentiation advantages tend to perform
cost; higher - ANS-A risk for a firm that tries to attain both cost and differentiation
advantages is that it can be stuck in the middle. An example of this is supermarkets
because their ________ structure is ________ than discount retailers, and customers
, do not value their products and services as being high-end such as those offered by
Whole Foods.
shareholder development. - ANS-Diversification initiatives include all the following
except
mergers and acquisitions - ANS-According to Michael Porter, there is a tremendous
allure to ________. It is the big play, the dramatic gesture. With one stroke of the pen,
you can add billions to size, get a front-page story, and create excitement in markets.
divestiture - ANS-An acquisition that results in ________ commonly indicates that
expectations were not met.
developing and diffusing new technologies - ANS-Ford and VW signed a memorandum
of understanding to work together to develop autonomous vehicles. Which of the
following best explains the potential advantage for them?
Unrelated - ANS-________ diversification is when a firm enters a different business that
has little horizontal interaction with other businesses of a firm.
related diversification to acquire economies of scope by leveraging core competencies.
- ANS-3M leverages its competencies in adhesives technologies to many industries,
including automotive, construction, and telecommunications. This is an example of
creating value by using
sharing activities. - ANS-When management uses common production facilities or
purchasing procedures to distribute different but related products, they are
The acquisition leads to value creation. - ANS-Which of the following is not a reason for
merger and acquisition failures?
Parenting - ANS-________ is when the corporate office helps subsidiaries make wise
choices in their own acquisitions, divestures, and new ventures, thereby creating value
within business units.
core competencies. - ANS-Casio, a giant electronic products producer, synthesizes its
abilities in miniaturization, microprocessor design, material science, and ultrathin
precision castings to produce digital watches. It uses the same skills to produce card
calculators, digital cameras, and other small electronics. These collective skills are
Culture sets explicit boundaries. - ANS-Which of the following is not an example of how
organizational culture exerts behavioral control?
balance; alignment - ANS-Behavioral controls are aspects of strategic change that
involve finding the appropriate ________ and ________ among the culture, rewards,
and boundaries of the firm.
