Strategy is A. Making organizations more efficient B. Making choices C. Not missing out on new opportunities D. Benchmarking Busines strategy are concerned specifically when A. A firm's position within its industry, relative to competitors B. The industries in which the firm will compete C. How functional areas will be organized within the firm D. How a business with multiple physical locations will operate in one of those locations - There are three types of strategy in terms of the level of strategy. Which of the following is correct? A. Business Strategy Corporate Strategy Core Competency Strategy B. Corporate Strategy-Business Strategy-Functional Strategy C. Competitive Strategy Corporate Strategy - Marketing Strategy D. Business Strategy Corporate Strategy - Competitive Advantage Strategy to explain successful -The concept of core-competency emerged in 1990s, which is characterized as firm A. Globalization-Diversification B. Disruptive Innovation Increased efficiency C. Disruptive Innovation Diversification D. Democracy - Diversification -Firm's long-term (sustained) competitive advantage primarily originates from A Consumer value B. Marketing capability C. Decreasing the cost D. Differentiating product & services Choose the correct answer between the level of strategy and its purpose. A. Business Strategy-Where to compete B. Corporate Strategy-Where to compete C. Corporate Strategy-How to compete D. Business Strategy How to implement - From Porter's perspective, the competitive advantage of IKEA and Southwest Airline originate from its A. Unique strategic positioning B. Strategic activities supporting unique strategic positioning C. Strategic fit between strategic positioning and activities D. All of the above - What is the purpose of the 5-forces model analysis? A. Inform investment decisions (exit/enter) B. Position your company to adjust to the forces C. Strategize beneficial changes to the forces D. All of the above - The failure of the first Mac suggests the potential risk of A. Differentiation strategy B. Cost leadership strategy C Focus strategy D. Integrated strategy A success of Nike and failure of Reebok suggests the importance of into another market. A Product quality B. Core competencies C. Customer satisfaction D. Brand image when attempting to expand