11 May JOHN IS UTILIZING WHICH SOURCE OF COMPETITIVE ADVANTAGE?
Ontario Iron Works Ltd. has just located a Web portal that gives access to many
companies from which they can purchase their raw material from; this
illustrates the competitive force of ________.
A)
customers
B)
new market entrants
C)
substitute products and services
D)
suppliers
77)
John has opened a new Web-based retail book store. John stocks, sells, and
specializes on only technical engineering books and manuals. John is utilizing
which source of competitive advantage?
A)
low-cost leadership
B)
product differentiation
C)
focus on market niche
D)
strengthening customer and supplier intimacy
78)
Chapters.Indigo.ca keeps track of user preferences for book and CD purchases
and can recommend titles purchased by others to its customers. Strong linkages
to customers and suppliers increase switching costs. Chapters.Indigo.ca is
utilizing which source of competitive advantage?
A)
low-cost leadership
B)
product differentiation
C)
focus on market niche
D)
strengthening customer and supplier intimacy
79) Marie has developed a unique patented process
to manufacture metal picture frames. This unique process allows Marie to use
less raw materials and less labour than her competitors. Marie is utilizing
which source of competitive advantage?
A)
low-cost leadership
B)
product differentiation
C)
focus on market niche
D)
strengthening customer and supplier intimacy
80)
Old Dutch Potato Chips has just installed a new state-of-the art information system
that allows them to track delivery of their potato chips in real time to all of
their customers. This information system is attempting to add value to which
part of their value chain?
A)
inbound logistics
B)
operations
C)
procurement
D)
outbound logistics
81)
Canadian Tire has just installed a new state-of-the art information system that
allows them instant information on the status of their orders they have with
suppliers. This information system is attempting to add value to which part of
their value chain?
A)
inbound logistics
B)
operations
C)
procurement
D)
outbound logistics
82)
Which of the following industries has a low barrier to entry?
A)
automotive
B)
computer chip
C)
restaurant
D)
airline
83)
Which of the following can force a business and its competitors to compete on
price alone?
A)
transparent marketplace
B)
high product differentiation
C)
poor process efficiency
D)
demand control
84)
A firm can exercise greater control over its suppliers by having
A)
more suppliers.
B)
fewer suppliers.
C)
global suppliers.
D)
local suppliers.
85)
The four major types of competitive strategy are
A)
low-cost leadership; substitute products and services; customers; and
suppliers.
B)
low-cost leadership; product differentiation; focus on market niche; and
customer and supplier intimacy.
C)
new market entrants; substitute products and services; customers; and
suppliers.
D)
low-cost leadership; new market entrants; product differentiation; and focus on
market niche.
76)
Ontario Iron Works Ltd. has just located a Web portal that gives access to many
companies from which they can purchase their raw material from; this
illustrates the competitive force of ________.A)
customersB)
new market entrantsC)
substitute products and servicesD)
suppliers 77)
John has opened a new Web-based retail book store. John stocks, sells, and
specializes on only technical engineering books and manuals. John is utilizing
which source of competitive advantage?A)
low-cost leadershipB)
product differentiationC)
focus on market nicheD)
strengthening customer and supplier intimacy 78)
Chapters.Indigo.ca keeps track of user preferences for book and CD purchases
and can recommend titles purchased by others to its customers. Strong linkages
to customers and suppliers increase switching costs. Chapters.Indigo.ca is
utilizing which source of competitive advantage?A)
low-cost leadershipB)
product differentiationC)
focus on market nicheD)
strengthening customer and supplier intimacy 79) Marie has developed a unique patented process
to manufacture metal picture frames. This unique process allows Marie to use
less raw materials and less labour than her competitors. Marie is utilizing
which source of competitive advantage?A)
low-cost leadershipB)
product differentiationC)
focus on market nicheD)
strengthening customer and supplier intimacy 80)
Old Dutch Potato Chips has just installed a new state-of-the art information system
that allows them to track delivery of their potato chips in real time to all of
their customers. This information system is attempting to add value to which
part of their value chain?A)
inbound logistics B)
operations C)
procurement D)
outbound logistics 81)
Canadian Tire has just installed a new state-of-the art information system that
allows them instant information on the status of their orders they have with
suppliers. This information system is attempting to add value to which part of
their value chain?A)
inbound logistics B)
operations C)
procurement D)
outbound logistics 82)
Which of the following industries has a low barrier to entry?A)
automotiveB)
computer chipC)
restaurantD)
airline 83)
Which of the following can force a business and its competitors to compete on
price alone?A)
transparent marketplaceB)
high product differentiationC)
poor process efficiencyD)
demand control 84)
A firm can exercise greater control over its suppliers by havingA)
more suppliers.B)
fewer suppliers.C)
global suppliers.D)
local suppliers. 85)
The four major types of competitive strategy areA)
low-cost leadership; substitute products and services; customers; and
suppliers.B)
low-cost leadership; product differentiation; focus on market niche; and
customer and supplier intimacy.C)
new market entrants; substitute products and services; customers; and
suppliers.D)
low-cost leadership; new market entrants; product differentiation; and focus on
market niche.
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