Please solve all below questions from options$-$

$1)$What are the two key questions a firm needs to consider when determining its competitive positioning?

What is the firm's geographic scope and product range?

What is the nature of the advantage sought, and what is the scope of activities in the target market?

How many competitors are in the industry, and what is the firm's market share?

How much capital is available for marketing, and what is the firm's advertising budget?

$2)$ Which of the following best describes a firm focusing on differentiation in a broad market?

Broad cost leader

Focused cost leader

Focused differentiator

Broad differentiator

$3)$

Under what conditions is a cost leadership strategy likely successful?

When the product is highly differentiated and unique.

When customers are not price$-$sensitive and are willing to pay a premium for enhanced benefits.

When the industry has high economies of scale, no firm exploits them.

When the product is an experience good with quality that the buyer can easily assess.

$4)$

What are some key elements of product and marketing strategies for a cost leader?

Highly customised products and high advertising expenditure.

Standardized products, low price$-$cost margins, and modest advertising.

Offering unique features and targeting premium accounts.

Using outdated machinery to reduce costs.

$5)$

What are the key conditions under which a cost leadership strategy will likely succeed, as mentioned in the provided content?

When the product is highly differentiated and unique.

When customers are willing to pay a premium for enhanced benefits.

When the industry has low economies of scale.

When customers are relatively price$-$sensitive and opportunities for enhancing benefits are limited$.$

$6)$

What key question does corporate$-$level strategy address regarding a firm's scope?

How to position a firm vis$-$a$-$vis its competitors

How to analyse external factors affecting a firm

Which businesses to compete in and what should be the firm's scope

How to integrate vertically and horizontally within a single business

$7)$

What fundamental question does corporate strategy seek to answer?

How to achieve cost leadership in a single business.

How to analyse external factors affecting a firm's profitability.

Which businesses to compete in$.$

How to implement a multidivisional structure.

$8)$

In the mobile phone industry, which Chinese phone makers like Coolpad effectively employed business$-$level strategy to challenge the dominance of established brands like Apple and Samsung?

Differentiation strategy

Cost leadership strategy

Focused differentiation strategy

Integrated strategy

$9)$

When a new entrant in an industry offers significantly lower prices to attract buyers and build a larger customer base, which condition for the success of a cost leadership strategy is most likely being leveraged?

The product is highly differentiated and unique.

Customers are not price$-$sensitive$.$

The industry has low economies of scale.

Customers have high switching costs.

$10)$

In which situation is a focus strategy most effective?

When a firm wants to serve the entire market with a broad product line

When unique cost$-$benefit advantages exist in specific market segments.

When a firm aims to compete directly with industry leaders.

When incumbents in the industry can easily meet the specialised needs of niche members.

$11)$

In the case of vertical integration, when should a firm be backward integrated or forward integrated?

A firm should be backward integrated when it wants to reduce transaction costs.

A firm should be forward integrated to achieve economies of scope.

A firm should be backward integrated when it wants to increase bureaucracy.

A firm should be forward integrated when it aims to reduce complexity.

$12)$

A global manufacturing company, XYZ Corp, is considering expanding its operations into several new countries to take advantage of lower labour costs. However, they are concerned about the challenges of operating in diverse international markets, including differences in regulations, languages, and cultural norms. XYZ Corp believes geographic diversification might help them achieve cost savings and mitigate these challenges.

What should XYZ Corp consider before expanding its operations to multiple new countries, as described in the scenario?

XYZ Corp should expand its operations to as many countries as possible to maximise cost savings.

XYZ Corp should focus solely on cost savings and disregard the potential challenges of geographic diversification.

XYZ Corp should assess whether it has a competitive advantage in the new countries and can efficiently navigate the diverse markets.

XYZ Corp should prioritise uniformity in business practices across all new countries, minimising adaptation to local conditions.