A Business-level strategy is directed at improving the efficiency and effectiveness of operations within a company such as manufacturing, marketing, product development and research & development.

Question 42 options:

	a) True
	b) False

Question 43 (4 points)

According to your strategic management text, shareholder value refers to company stakeholders, (shareholders, creditors. employees and suppliers) financial returns based upon stock capital appreciation and dividend payouts.

Question 43 options:

	a) True
	b) False

Question 44 (4 points)

In-N-Out burger utilizes a focus, low cost strategy, and has achieved competitive economies of scale because of their size which in turn yields the company favorable power over their suppliers.

Question 44 options:

	a) True
	b) False

Question 45 (4 points)

Supply chain management is the task of managing the flow of inputs and components from suppliers into the companys production process to minimize inventory holding and maximize economies of scale.

Question 45 options:

	a) True
	b) False

Question 46 (4 points)

An example of a well-constructed goal is for the CSULB College of Business to become the top-rated business school in California by January 1, 2026.

Question 46 options:

	a) True
	b) False

Question 47 (4 points)

The VRIO framework was developed by Abraham Lincoln to help him determine the sustainability of Union Army resources during the Civil War.

Question 47 options:

	a) True
	b) False

Question 48 (4 points)

A successful differentiation strategy may be profitable for a company because the strategy may allow them to charge premium prices which will increase gross profit margins.

Question 48 options:

	a) True
	b) False

Question 49 (4 points)

An organizations size can be a competitive advantage because it often leads to many strengths such as brand recognition, power over buyers and suppliers and increased barriers to entry.

Question 49 options:

	a) True
	b) False

Question 50 (4 points)

When applying the SWOT model, a strength can also be an opportunity, and a weakness can also be a threat.

Question 50 options:

	a) True
	b) False

Question 51 (4 points)

A successful differentiation strategy can be achieved through either superior quality or superior functionality.

Question 51 options:

	a) True
	b) False

Question 52 (4 points)

Over the years, Toyota Motor Company has successfully made the switch from a focus business level strategy to a differentiation and low cost strategy business strategy.

Question 52 options:

	a) True
	b) False

Question 53 (4 points)

Potential industry profitability will be enhanced if industry mobility barriers protect industry competitors from the threat of new entrants.

Question 53 options:

	a) True
	b) False

Question 54 (4 points)

Lower prices often generate more customer demand and greater economies of scale.

Question 54 options:

	a) True
	b) False

Question 55 (4 points)

Costco, Wal-Mart and Target are in the same strategic group.

Question 55 options:

	a) True
	b) False

Question 56 (4 points)

Question 56 options:

	a) True
	b) False

Question 57 (4 points)

Hiring strategy and employee training can affect customer defection rates which ultimately can impact an organizations shareholder value.

Question 57 options:

	a) True
	b) False

Question 58 (4 points)

A key component of Hertzs declaring bankruptcy was the firms heavy reliance on financial leverage.

Question 58 options:

	a) True
	b) False

Question 59 (4 points)

Supply Chain Management falls within the purview of process innovation.

Question 59 options:

	a) True
	b) False

Question 60 (4 points)

Flexible production technology is the range of technologies designed with a goal to increase an organizations efficiency by shortening production runs.

Question 60 options:

	a) True
	b) False