Strategic Management Formulation Implementation and Control CHAPTER 08 Business Strategy

Strategic Management Formulation Implementation and Control CHAPTER 08 Business Strategy

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CHAPTER 08 Business Strategy 1 INCORRECT Which one of the following statements would be considered false about the concept of competitive advantage? A)A prominent source of competitive advantage can be found in the business's low cost structure. B)Businesses become successful because they possess some advantage relative to their competitors. C)Businesses that create competitive advantage from differentiation usually experience above-average profitability within their industry. D)Businesses that engage other than a low-cost strategy usually experience below-average profitability. Feedback: The correct answer is D. Please see the discussion under Evaluating and Choosing Business Strategies: Seeking Sustained Competitive Advantage, page 215. 2 INCORRECT The business strategy decided upon by the Ripper Up Remodeling Corporation is one that engages in value chain activities, which are achieved at a cost that is well below its
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CHAPTER 08 Business Strategy competitors. In this way, the competitors can require less money for its services than competitors can. It is safe to say this corporation is engaging a __________. A)differentiation strategy B)strategic alliance strategy C)retrenchment strategy D)low-cost strategy Feedback: The correct answer is D. Please see the discussion under Evaluating Cost-
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Strategic Management Formulation Implementation and Control CHAPTER 08 Business Strategy

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