Please answer all 20 questions below

Chapter 5 Quiz Chapter 5 Quiz Chapter 5 Quiz Chapter 5 Quiz Chapter 5 Quiz Question 1 Previous Question 2 Question 3 Which one of the following is not among the types of cost drivers shown in Figure 5.2? Which one of the following is not a cost-saving appr Question 4 Question 5 efficiency, pay scales, and incentives andrateat in be the indus ost provider tends to be more appealing than a For al types of competitive strategies, success in sustaining the intended com Online systems and software Trying to operate facilities at full cope with cos Which of the following statements about a best-cost provider strategy is false ? product design and brand bargaining power with buyers Substituting the use of low-cost for high-cost raw materials or component parts whenev buyers use the product in a variety of different ways and have high switching costs in Raw materials and components Using online systems and sophisticated software to achieve operating efficiencies of buyers is fairly strong. o strong are died innovking , capabilities, so the A best-cost actively large numbers of buyers shopping for "best value for the money Copying redistribupins ; on 13 54 5 06 " Copyright @ 2023 by Glo - Bus Software, incopyright violation Conserving on marketing costs by coductility. reduce workforce size, and otherwise trim Pursuing ways to boost lab expectations . most rival companies are pursuing either a best-cost provides strategy duplicate or (2) hard for rivals to develop offset ers find quite appealing and that rivals are unable cheap basic products of low-cost producers of the expensive products of top - of the Previous End Quiz copying rodistributors i or 1 45 04 " Copyright @ 2023 by Glo- Bus software, in copyright violation. products of rival sellers are essentialy identical and readily available from many eager the resources and capabilities to incorporate upscale prod Being a best-cost provider is different A company enjoys "best-cost" status when it has the capabilities to informpace of quall Marked di differentiation strategy is generally not well-suited for which one of the following Focused strategies keyed either to low-cost or re especially app Question 10 less hinges on developing the capability to incorporate attractive up low-cost leader's basis for competitive lower cost than those rivals with comparable upside caliber produ hen there are many ware totimer er product offerings. vice that have value towardized A company's broad diferentiation strategy fals in the sense of not significantly When buyer needs and preferences are too diverse to be fully satisfied by a star there the products offered by companies purgatthas ! s pursuing either focusale attributes and to all the available scale economies , and the product offerings of most rival sellers are weakly When few rivals are pursuing a differentiation approach that is similar to the or because a product offering that is too frills- free can undermine its attractiveness to buyer despite being cheaper priced. Company is unable to earn bigger profit margins than most all of its rivals. aim at using the best operating practices to achieve lower costs and charge I price sensitive or value-conscious. a frills-free product offering combined with the m deliver superior value by prov proen cethnological change is fast-paced and competition revolves around rapidly evolving it value chain in the y providing buyers with a top-of-the-line differentiating features of a company's product service offering are easily copied of matched . When the products of rivals are weakly differentiated and price competition among rival competitively attractive niche that is not only suited to its competitive when too many rivals a superior ability to please price-sensitive buyers. seek to attract buyers on the basis of charging the best price to attempt to focus their energies on the same target segment . product do not lead to greater buyer loyalty to its bran Buyers have low costs in switching from one seller's brand to another buyer bargaining possible cost and the absolutely lowest possible price ng to having the absolutely lowest than to the brands of certain other of its competitors . Version 1394504 " Copyright @ 2023 by alo- gus's constitutes copyright violation. a company is unable to charge a higher price than one or more of its rivals are able to copying redistributions . on 1 9 gas04 " Copyright @ 2023 by Glo- Bus Software , inc. not many buyers are price sensitive or value-conscious. Copying . redistribu version 1304504 - Copyright @ 2023 by Glo- Bus software , in copyright violatio guestits in a product offering differenti Which one of the following does not qualify as a "value driver" that can function as a pathway Question 14 One approach a company can take to achieve a sustainable competitive advantage via Question 15 strategy goes its own separate way in trying to create uniq to buyers knowledge of company personnel agement activities that improve the skills, expertise, and ce between a low-cost provider strategy and a focused low-cost strategy is patterns of many frills and extra features that the product exceeds the porating features that enable it to compete in multiple market segments. Being timid and not striving to open up meaningful gaps in quality or service or perfo lue-adding product features and performance attributes that appeal to incorporate (because expensive attributes are perceived by buyers as more valuable and strong focus on using a single value driver to provide buyers with a few well-defined product the size of the buyer group that a company is trying to appeal dominating sales in one parcomar the industry's overall market share leader by proffabinding on efforts to differentiate the company's product offering, thus Charging a sufficiently low price to gain strong customer loyaltyto or parts. compone ingredients and the use of quality control processes throughout the value in components , or corporating product attributes and user features that enhance buyer satisfaction in wider strategy entails deeper price discounting thare a prices ed intact buyers a low- how the product as overpriced relative to the value delivered by the differentiating after fuse underpricing rivals who also have differentiated products . confer riche can be defined by geographic unievenas appeal only to those buyers who the appris chimed at performing value chain activities more cost effectively than rivals Copying , redistributing or "gods of " copyright 0 2029 by Glo Bus Software. Inc. any other firm in thing and employing a value chain that utilizes more " value drivers" than comprise the market niche of Bypass the costs of certain non essential value chain activities.nowat copying redistributing : of igg45 04 " Copyright @ 2023 by Glo- Bu superofrated attention on superior ability for market situations where most industry rivals have we areay concertrates on achieving cost-savings by cutting" angered rumours of love - cost Chapter 5 Quiz