Business Level Strategies

Strategies are purposeful, precede the taking of actions to which they apply, and demonstrate a shared understanding of the firm’s vision and mission. This statement is true of false?

• True

• False

An effectively formulated strategy marshals, integrates, and allocates the firm’s resources, capabilities, and competencies so that it will be properly aligned with its external environment. This statement is true or false?

• True

• False

Building successful strategies help to maximize uncertainty and increase outcomes. This statement is true or false?

• True

• False

Business-level strategy is an integrated and coordinated set of commitments and actions the firm uses to gain a competitive advantage by exploiting core competencies in specific product markets. This statement is true or false?

• True

• False

In terms of customers, when selecting a business-level strategy the firm determines ......

• Who will be served?

• What needs those target customers have that it will satisfy?

• How those needs will be satisfied?

• All the answers are correct

Relationships with customers are characterized by three

dimensions. This dimensions are...

• Range, Rarity and Affiliation

• Reach, Richness, and Affiliation

• Scope, Length and Impact

• Trust, Tolerance and Mediation

Manufacturing goods is an example of ________ strategy

• Differentiation

• Cost Leadership

• Focused Cost Leadership

• Focused Differentiation

• Integrated Cost Leadership/ Differentiation

Innovate is an example of ________ strategy

• Differentiation

• Cost Leadership

• Focused Cost Leadership

• Focused Differentiation

• Integrated Cost Leadership/ Differentiation

New generation of food trucks populating cities such as Los Angeles is an example of ________ strategy

• Differentiation

• Cost Leadership

• Focused Cost Leadership

• Focused Differentiation

• Integrated Cost Leadership/ Differentiation

Firms may be motivated to make acquisitions to maintain their differentiation through lower prices or to add products to their portfolio not offered by competitors is an example of ________ strategy

• Differentiation

• Cost Leadership

• Focused Cost Leadership

• Focused Differentiation

• Integrated Cost Leadership/ Differentiation