Quiz no.1_2nd term TECH 1

What is competitive advantage?

• The ability to produce goods at a higher cost than competitors

• A strategy to eliminate all competitors in the market

• A method of increasing employee productivity

• Factors that allow a company to produce goods and services better or more cheaply than its rivals

Which of the following is NOT a type of competitive advantage?

• Differentiation

• Focus Strategy

• Cost Leadership

• Market Expansion

What does a business model define?

• The financial performance of a company

• How a company creates, delivers, and captures value

• The company's marketing strategy

• The organizational structure of a company

Which of the following is an example of a cost advantage?

• Apple's premium pricing strategy

• Cebu Pacific's budget fares

• Lush's handmade products

• Rolex's luxury branding

What is a differentiation advantage?

• Competing on price

• Targeting a specific market segment

• Reducing operational costs

• Offering unique products or superior quality

Which company is known for its differentiation advantage?

• Jollibee

• Cebu Pacific

• Apple

• Alfamart

What is a focus advantage?

• Competing on brand recognition

• Offering the lowest prices in the market

• Providing a wide range of products

• Targeting a specific market segment with tailored products

Which of the following is a key component of a business model?

• Brand Loyalty

• Market Share

• Value Proposition

• Employee Satisfaction

What type of business model does Netflix use?

• Manufacturer Model

• Freemium Model

• Subscription Model

• Retailer Model

Which of the following is an example of a hybrid business model?

• Shopee's e-commerce platform

• Globe Telecom's combination of subscription and pay-per-use models

• Jollibee's franchise model

• Facebook's advertising model