Based on the Competitive Advantage table below, which one of the following is correct? a) A Cost Leadership business strategy has a narrow or focused business strategy. b) A Differentiator business strategy has an emphasis creating customer loyalty a) A Cost Leadership business strategy has a narrow or focused business strategy. b) A Differentiator business strategy has an emphasis creating customer loyalty by targeting a narrow market segment. c) A Focused Cost Leadership business strategy competes by creating higher average unit price with more value than their competitors. d) A Cost Leadership business strategy competes by emphasizing volume over uniqueness and lower unit cost via greater efficiency. e) A focused differentiator business strategy has a narrow and low-cost competitive approach. Incorrect. See pages 4-6 in Workshop 3: SWOT and Generic Strategies. From Porter's Five Competitive Forces, which one of the following is not a major source of barriers for entry related to the contending force of "threat of entry?" a) capital requirements b) market domination c) access to distribution channels d) government policy Which one of the following is not a major source of power related to the contending force of "powerful supplier?" a) A supplier group is powerful if its product is unique. b) A supplier group is powerful if it poses a credible threat of moving into an industry's market. c) A supplier group is powerful if it less concentrated than the industry to which it sells. d) A supplier group is powerful if it is not obliged to contend with other suppliers to sell to an industry. Which one of the following is not a major source of power related to the contending force of "jockeying for position?" a) Industry growth is fast. b) The product lacks differentiation. c) The competitors run head-on into each other when competing. d) Fixed costs are high. e) There are many competitors. Which one of the following is not a major source of power related to the contending force of "powerful buyer?" a) A buyer group is powerful when it purchases in large volumes. b) A buyer group is powerful if it earns low profits. c) A buyer group is powerful if it could make the product. d) A buyer group is powerful when the product it is purchasing is standard or undifferentiated. e) A buyer group is powerful when the product it purchases represents a small fraction of the product they sell