Building a competitive advantage based on a superior cost
position is likely to be attractive when...
Building a competitive advantage based on a superior cost
position is likely to be attractive when three conditions are met.
Explain the three conditions.
25
Corporate strategy is more likely to lead to competitive
advantage the more unrelated the business are that are part of the
corporation
T or F
30.
Strategic group are firm s within an industry that are
cooperating to avoid competition
T or F
36
“Stuck in the middle” refers to any firm that has not made
tradeoffs to commit sufficiently to one strategy or another
T or F
40
Vertical integration is about acquiring buyers and suppliers:
diversification is...
Identify functional strategies that build competitive advantage
through superior efficiency, quality, innovation, and customer
responsiveness (Specifically: Finance, Operations, Human Resource
Management, Marketing)
Explain the competitive advantage and economies of scale when it
comes to international trade with case studies.
Why economies of scale is more important over comparative
advantage when it comes to international trade?
300 words.
Some of the factors we look for when evaluating competitive
advantage is the financial performance of the firm. Most of the
time, the focus is on stock price. That doesn’t tell much of a
story about the performance of the firm. Instead, we need to
examine Accounting Profitability. What are the ratios that need to
be examined? What story do they tell us?
Discuss the resource-based view of competitive advantage.
What are the characteristics of resources that may
yield sustainable competitive advantage? Describe the role that
Information systems can play in creating sustainable competitive
advantage.
When business managers of firms in a competitive market observe
falling profits, they are likely to infer that the market is
characterised by:
A.
a violation of conventional market forces
B.
rising prices
C.
too few firms in the market
D.
over-investment