
ACCT 3130 Chapter 12
Authored by J Nope
Business
KG
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33 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
___ specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What shapes an organization's profit potential?
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the five forces of industry analysis?
Number & Strength of Competitors
Potential Entrants to the Market
Availability of Equivalent Products
Bargaining Power of Customers
Bargaining Power of Input Suppliers
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the two basic business strategies?
Product Differentiation
Cost Leadership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organization's ability to offer products or services perceived by its customers to be superior & unique relative to the products or services of its competitors.
Product Differentiation
Cost Leadership
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organization's ability to achieve lower costs relative to competitors through productivity & efficiency improvements, elimination of waste, and tight cost control.
Product Differentiation
Cost Leadership
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Competitive Advantage: brand loyalty & the willingness of customers to pay high prices.
Product Differentiation
Cost Leadership
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