A business can create a competitive advantage by________

Leadership for Management & Business-Session 2

Quiz
•
Professional Development
•
University
•
Hard

Mohammad Khan
Used 13+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Decreasing the price
Only selling the product online
Improving the quality of the product or service
Targeting the same market as its competitor
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which is the FIRST step in the strategic Management process?
Monitoring and evaluating strategies
Strategy formulation
Developing the vision and mission
Goals and Objectives
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following resources is a source of competitive advantage?
physical resources
human resources
organizational resources
all of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In logistics, a competitive advantage can be created by__________
offering more products
competing with similar products
providing superior value to customers
undertaking an analysis of competitors' weaknesses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Leadership is about....
Make people want to follow you
Make people agree with what you do
Solving business problems
Come up with ideas to make money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company’s strategic plan_____________
maps out the company’s history
links the company’s financial targets to control mechanisms
outlines the competitive moves and approaches to be used in achieving the desired business results
none of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Walmart established competitive advantage by_______
pricing lower than the local retailers
introducing barcode system
avoiding overstocking
all of these
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