Multiple Choice Question
Why do many firms fail to successfully implement a blue ocean strategy?
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Why do many firms fail to successfully implement a blue ocean strategy?
Answer ModeMultiple Choice QuestionYour Answer correctWhy do many firms fail to successfully implement a blue ocean strategy?Multiple choice question.because too many other companies already try to implement a blue ocean strategy, making it hard to compete that wayReason: A blue ocean stra...
Read MoreProducts in the affordable "business-casual" clothing market have largely become commoditized, and most retailers have begun to compete mainly on price rather than product features. In this environment, it is impossible for one retailer to gain market share without another losing it. This is an example of a ocean.
Answer ModeMultiple Choice QuestionYour Answer correctProducts in the affordable "business-casual" clothing market have largely become commoditized, and most retailers have begun to compete mainly on price rather than product features. In this environment, it is impossible for one retailer to g...
Read MoreFurniture retailer IKEA has used the value innovation framework of to successfully implement a blue ocean strategy.
Answer ModeMultiple Choice QuestionYour Answer correctFurniture retailer IKEA has used the value innovation framework of Blank______ to successfully implement a blue ocean strategy.Multiple choice question.eliminate-reduce-raise-createcorrectunderstand-acknowledge-attempt-achieveanaly...
Read MoreA(n) strategy attempts to increase the perceived value of a product while controlling costs.
Answer ModeMultiple Choice QuestionYour Answer correctA(n) Blank______ strategy attempts to increase the perceived value of a product while controlling costs.Multiple choice question.cost-leadershipReason: In a cost-leadership strategy, managers must focus on lowering the costs o...
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In order for a firm to successfully implement a business-level strategy, it must limit the impact of which of the following?
Your Answer correctIn order for a firm to successfully implement a business-level strategy, it must limit the impact of which of the following?Multiple select question.its own internal weaknessescorrectexternal threatscorrecttechnological advancementsconsumer demandCorrect AnswerQuestionits own...
Read MoreA company with a cost-leadership strategy faces significant difficulties when .
Answer ModeMultiple Choice QuestionYour Answer incorrectA company with a cost-leadership strategy faces significant difficulties when Blank______.Multiple choice question.suppliers agree to charge less for their suppliesthe focus of competition shifts from price to non-price attributesno v...
Read MoreImplementing a blue ocean strategy requires making competition irrelevant and creating a new market space, otherwise known as .
Answer ModeMultiple Choice QuestionYour Answer correctImplementing a blue ocean strategy requires making competition irrelevant and creating a new market space, otherwise known as Blank______.Multiple choice question.market definitionasset attainmenteconomies of scopeReason: This does...
Read MoreA strategy requires achieving the lowest costs in the industry while maintaining a level of value that is acceptable to customers.
Answer ModeMultiple Choice QuestionYour Answer correctA Blank______ strategy requires achieving the lowest costs in the industry while maintaining a level of value that is acceptable to customers.Multiple choice question.minimally efficientcost-leadershipcorrectpropositiondifferentiat...
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In terms of business strategy, blue oceans represent which of the following?
Answer ModeMultiple Select QuestionYour Answer correctIn terms of business strategy, blue oceans represent which of the following?Multiple select question.a crowded market spaceincreased competitionuntapped market spacecorrectincreased demandcorrectCorrect AnswerQuestionuntapped market spaceinc...
Read MoreA differentiation strategy can be threatened when .
Answer ModeMultiple Choice QuestionYour Answer correctA differentiation strategy can be threatened when Blank______.Multiple choice question.a product becomes commoditized, and the focus of the competition shifts to pricecorrectthe firm leverages opportunities on competitive effortsthe foc...
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