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Principles of Media Economics and Media and Convergence Man.

Total questions: 7

Worksheet time: 5mins

Name
Class
Date
1.

Under TIME-industry we summarize telecommunication, internet technology, media and entertainment industries.

a)

True

b)

False

2.

What should an organization consider during situation analysis (step of strategic management process)?

a)

Reassessment of the firm‘s strengths and weaknesses

b)

Customer requirements and customer needs

c)

Stakeholders and organisation´s environment

d)

Determining business unit´s basic strategy

3.

Which P`s are included in the marketing mix (4 Ps)?

a)

Product

b)

Promotion

c)

People

d)

Place

4.

In a Product Life Cyle, the stage where there are steady sales and it becomes harder for marketers is called....?

a)

Introduction

b)

Maturity

c)

Growth

d)

Decline

5.

If a company adopts a blue ocean strategy, which of the following will the company do?

a)

Compete with other companies

b)

Make the competition irrelevant

c)

Create and capture new demand

d)

Make the value-cost trade off

6.

To which generic competitive strategy (Porter) does this definition refer?

 

Def.:  A strategy for competing on the basis of low per unit costs

a)

Focus Strategy

b)

Differentiation Strategy

c)

Counter Strategy

d)

Cost-Leadership Strategy

7.

Which basic strategy (by Porter) does Apple pursuit?

a)

Cost Focus Strategy

b)

Cost Leadership Strategy

c)

Differentiation Strategy

d)

Differentiation Focus Strategy