Question $11$ pts

Differentiation is most likely to be successful $($in generating economic value$)$ in which of the following scenarios?

Group of answer choices

None of the options

There is a strong emphasis on price competition over quality or features.

Customers are homogenous

Buyers have low switching costs due to a highly saturated market with numerous competitors offering similar products and minimal opportunities for product improvement

Flag question: Question $2$

Question $21$ pts

Which of the following organizational structures would be most conducive to a successful cost leadership strategy?

Group of answer choices

Compensation structure that rewards creativity and risk$-$taking

Tight managerial control and close supervision$/$oversight

Creative and flexible control

Flag question: Question $3$

Question $31$ pts

Offering a mix of products that create more value together is an example of which type of strategy?

Group of answer choices

Cost leadership

None of the options

Differentiation

Flag question: Question $4$

Question $41$ pts

Product differentiation relies on customers having different perceptions of the offered product or service.

Group of answer choices

True

False

Flag question: Question $5$

Question $51$ pts

Because low costs are inherently valuable, they don$$t need to fulfill all the parameters of the VRIO framework to result in a sustained competitive advantage.

Group of answer choices

True

False

Flag question: Question $6$

Question $61$ pts

The following statement describes which source of low costs? $$The more the firm has ever made, the better it gets at making.$$

Group of answer choices

Diseconomies of scale

Learning curves

Differential low cost access

Flag question: Question $7$

Question $71$ pts

Differential low cost access resulting from path dependance$/$first mover advantage is likely to be:

Group of answer choices

Both rare and inimitable

Rare, but not inimitable

Neither rare nor inimitable

Flag question: Question $8$

Question $81$ pts

In order to organize in a way to be more conducive to differentiation, a firm$$s control structure should:

Group of answer choices

Avoid compensation structures that reward collaboration

Include broad decision making authority to a number of different units and divisions

Avoid compensation structures that reward risk taking

Flag question: Question $9$

Question $91$ pts

Firms that are cost leaders are usually organized around products$/$markets$/$innovation rather than around roles $($i$.$e$.$ accounting, operations, etc.$)$

Group of answer choices

True

False

Flag question: Question $10$

Question $101$ pts

The organizational structure of a firm employing a cost leadership strategy is more likely to have a clear hierarchy than a firm employing a differentiation strategy.

Group of answer choices

True

False