It helps the firm in general, far reaching and multifaceted manner. Create your account. Cost competitive advantage is when a company is able to utilize its skilled workforce, inexpensive raw materials, controlled costs, and efficient operations to create maximum value to consumers. Decentralisation as basic element of organisational design, Define holding and subsidiary company and how is it prepared. 20 MCQ The dominant method under GAAP for measurin... 20 MCQ Lenders who rely on collateral as the secur... 20 MCQ An analytical tool that measures a company'... 55 MCQ Which one of the following is an example of... 25 MCQ Alliances that are carried out through cont... 25 MCQ The following are all necessary in order to... 25 MCQ The flow of events or transactions captured... 25 MCQ The field that deals with behavioral issues... 25 MCQ If a persons required return does not chang... 25 MCQ A human resources department may provide al... Write the program that have the class dataType, 52 MCQ Walk Manufacturing gathered the following data, 30 MCQ Planning involves which of the following. Anyone can earn If a company's product or service has a valuable, unique offering for its consumers, then loyalty and product/service differentiation can occur.

B. what sets an organization apart. A competitive advantage is a capability or position that allows you to outperform competitors. Explain.​. Question 1 of 20 5.0 PointsCompetitive advantage can best be described as: Question 2 of 20 5.0 PointsWhich one of the following factors is considered to make an organization’s resources unique? Competitive advantage can best be described as: 10/4/2020 Strategic Management MCQ: Multiple Choice Questions on Strategic Management 7/51 a. increased efficiency.

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You will receive an answer to the email. D) intangible resources. Part 1 of 1 – Question 1 of 20 5.0 Points Competitive advantage can best be described as: A. increased efficiency. A single segment of the market can be based on sex, income, lifestyle characteristics, and even geography. Competitive advantage does not ensure success to the firm in the long term. Provide spec, Does the Starbucks strategy seem to be keyed to a cost-based advantage, differentiating features, serving the unique needs of a niche, or some combination of these? A manufacturing company is thinking of launching a... 60 MCQ In some countries, bribes are commonplace, 10 MCQ In manufacturing a product, prime costs are. Question 10 of 20 5.0 PointsCapitalizing on information, people, ideas, and knowledge characterizes the implication of: Question 11 of 20 5.0 Points__________ is defined as a structured transition in what an organization does and how it does it. The main office is moved t. How can a strong, positive culture enhance a firm's competitive advantage? B. what sets an organization apart. B. lean production advantage Honest Tea's core competence and competitive edge over its competitors, can best be described as ________. This might be an extreme way of cost cutting, but companies need to survive in a recession. C. a strength of the organization. D. able to provide stable cash flows.Reset Selection. Mark for Review What’s This? - Definition, History & Examples, Stealth Advertising: Definition & Examples, What is Crowdsourcing? HAPPY DIWALI AND HAPPYCHILDREN'S DAY ​... Other tasks in the category: Business Studies, Watch a few ads and unblock the answer on the site. Why do you buy Coke over Pepsi? Unique resources provide a company with a sustainable competitive advantage. C. Favorable access to raw materials and distribution channels. Create an account to start this course today. It is considered the basis for profitability in a competitive market. Question 15 of 20 5.0 PointsThe traditional view of social responsibility states that corporations: A. should exist only to represent the stockholders. Cost competitive advantages can easily disappear with the introduction of a new competitor or new technology. A niche competitive advantage seeks to target and reach a single segment of the market. There are three different types of competitive advantages that companies can actually use. What about the situations when a differentiation strategy is chosen? | 11 B) what sets an organization apart. Reset Selection Mark for Review What's This? credit-by-exam regardless of age or education level. Reengineering is used by companies that are able to cut costs by redesigning and creating improvements to their products, such as Apple. Select a subject to preview related courses: Some companies offer excellent product reliability, such as Honda; an American-made image, such as Harley-Davidson; a valuable brand name, such as Rolex or even excellent service, such as Mercedes-Benz. Question 3 of 20 5.0 PointsExperiences, characteristics, and knowledge are all aspects that represent: Question 4 of 20 5.0 PointsImitability of a resource can occur through: D. duplication and substitution.Reset Selection. B. must represent all stakeholder groups. Intel is able to keep microchip processor prices down by continually improving product design that utilizes advancements in the field. Also, a bakery that only bakes treats for cats and dogs would also be using a niche advantage. Part 1 of 1 – Question 1 of 20 5.0 Points Competitive advantage can best be described as: A. increased efficiency. c) What is the equation of budget line and its slope? It does not amounts to sure success formula for a firm in the long run. They are cost, product/service differentiation, and niche strategies.

Competitive advantage is a set of unique features of a company and its products that are perceived by the target market as significant and superior to the competition. Reset Selection. The company must offer something to the consumer besides just a low price.

a) Write two Did you know… We have over 220 college If a company's product or service has a valuable, unique offering for its consumers, then loyalty and product/service differentiation can occur. Sometimes companies start out small with a niche strategy, like when Facebook was only available to college students, but then they grow very successful and increase their market. Other companies, use offshore manufacturing to keep the costs of their products down. first two years of college and save thousands off your degree. Log in here for access. lessons in math, English, science, history, and more. Provides excellence in a variety of businesses and products. Competitive Advantage can be understood as the specific feature, which helps the firm to outrun its rivals at the market place. C) a strength of the organization. 50 MCQ A fraternity is an example of an organizati... 20 MCQ Of the following, which is NOT one of the f... 35 MCQ Which of the following is an indicator of f... MCQ The Retained Earnings account is comprised of, Raye Industries Solution-MODIFY THIS VB 2010, Raye Industries Solution - INTRODUCTORY VB 2010. E. Economists assume that profit-maximizing firms operate in perfectly competitive markets. Competitive advantage can best be described as: 18. D. intangible resources. 12 chapters | They are cost, product/service differentiation, and niche strategies. Download: Part 1 of 1 – Question 1 of 20 5.0 Points Competitive advantage can best be described as: A. increased efficiency. Log in or sign up to add this lesson to a Custom Course.

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