competitive advantage

competitive advantage

University

20 Qs

quiz-placeholder

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competitive advantage

competitive advantage

Assessment

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Business

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Created by

Ali Khaleel

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20 questions

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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

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the coolest thing about Sustainable Competitive Advantage?

It's like a secret weapon that only small businesses can use.

It's like finding a pot of gold at the end of a rainbow.

It's like having a temporary superpower that fades away quickly.

It's like having a long-lasting edge over your competition.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main ingredients for achieving Cost Leadership?

Low production costs though less investment in infrastructure

Small scale operations, and less costs through micro-management

Efficient production processes, economies of scale, technological advancements

Every element (people, machines) in the firm is all the time in operation and not idle

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