Competitive Advantage

Competitive Advantage

9th - 12th Grade

20 Qs

quiz-placeholder

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Competitive Advantage

Competitive Advantage

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Amy HEIRDSFIELD

Used 15+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a key characteristic of a cost leadership strategy

Offering unique and innovative products
Targeting a narrow market segment
Providing products or services at the lowest cost
Offering personalized customer experiences

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary goal of a cost leadership strategy?

Creating a premium brand image
Offering superior customer service
Maximizing profits by minimizing costs
Expanding into new markets

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of a differentiation strategy?

Providing high-quality products at low prices
Offering a wide range of product options
Focusing on cost minimization
Offering personalized customer experiences

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main focus of a differentiation strategy?

Offering products at the lowest possible cost
Delivering unique and superior value to customers
Targeting a specific market niche or segment
Maximizing operational efficiency

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which strategy focuses on serving a specific niche market segment?

Cost leadership strategy
Differentiation strategy
Focus strategy
Integrated strategy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a focus strategy, a company aims to:

Serving a broad market segment with generic products
Offering products at premium prices
Target a specific market niche or segment
Achieve maximum customer satisfaction

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which strategy involves offering unique products or services that are perceived as superior by customers?

Offering unique and innovative products
Differentiation strategy
Focus strategy
Integrated strategy

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