business level strategies

Firms that compete based on uniqueness and target a narrow market

• Best Cost

• Focused Differentiation

• Broad Cost Leadership

• Broad Differentiation

Firms that compete based on price and target a narrow market

• Focused Cost Leadership

• Focused Differentiation

• Broad Cost Leadership

• Broad Differentiation

In terms of customers, when selecting a business-level strategy the firm determines ......

• Who will be served?

• What needs those target customers have that it will satisfy?

• How those needs will be satisfied?

• All the answers are correct

Manufacturing goods is an example of ________ strategy

• Differentiation

• Cost Leadership

• Focused Cost Leadership

• Focused Differentiation

• Integrated Cost Leadership/ Differentiation

Innovate is an example of ________ strategy

• Differentiation

• Cost Leadership

• Focused Cost Leadership

• Focused Differentiation

• Integrated Cost Leadership/ Differentiation

New generation of food trucks populating cities such as Los Angeles is an example of ________ strategy

• Differentiation

• Cost Leadership

• Focused Cost Leadership

• Focused Differentiation

• Integrated Cost Leadership/ Differentiation

What does the term "competitive advantage" refer to?

• The ability to produce goods or services more effectively than competitors
• The ability to participate in sports competitions
• The ability to argue effectively in debates
• The ability to win in a game of chess

 A cooperative and special arrangement between two organizations that involves each contributing to the building up of a new entity.

• Joint Venture

• Partnership

• Franchising

• Mutual Fund

It refers to factors that allow a company to produce goods or services better or more cheaply than its rivals.

• Competitive Move

• Strategy Formulation

• Disruptive Innovation

• Competitive Advantage

At the business unit level strategy...

• At this level that 'the rubber meets the road'.

• You create your corporate objectives at this level.

• You would define separate strategies for the various industries you operate in.

• You would not have to define separate strategies for the various industries you operate in.