Question: In explaining the difference between large and small size firms, what type of animal was used to demonstrate this difference? a. Earth worms. b. Dogs.

  1. In explaining the difference between large and small size firms, what type of animal was used to demonstrate this difference?

a.

Earth worms.

b.

Dogs.

c.

Bears.

d.

Air planes.

  1. Companies successfully implementing an integrated cost leadership/differentiation strategy are better positioned than firms pursuing the other four business strategies to do all of the following EXCEPT

a.

learn new skills.

b.

adapt quickly to a changing environment.

c.

reduce the risks for stakeholders of the firm.

d.

have more primary and support activities in which they are competent.

  1. Although they are radically different companies, Beijing Red Dragon Laser Tattoo Removal and Shantou-based Dashu Toy Store share a business strategy, which is

a.

cost leadership.

b.

focused differentiation.

c.

integrated cost leadership/differentiation.

d.

differentiation.

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