Business Strategies

Which of the following are the common products that low cost leaders often sell to their market?

Primary activities within the value chain that involve identifying sources of and bringing raw materials into the firm to assist in the production of goods and services.

Support activities that pertain to acquisition and development of technical expertise and human capital required in all facets of operation.

When a firm exerts methodical efforts following a meticulous philosophy on customer focus in order to ensure customer total quality experience in all its aspects, it is adapting a distinctive ________________

Achieving an advantage in a targeted market segment through offering products at a more affordable price.

Offering unique value to industry-wide customers by providing product or service attributes that competitors are not able to provide.

Offering products at lower prices than the majority of the competitors in an industry, by adapting low cost production, and economies of scale, so that a large market share continues to prefer these products over those from competitors.

Which of the following explains the company’s way of delivering customer value based on its mission by describing its critical success factors and processes?

A company strategy intended to meet the needs of the specific, and explicit needs of the customers in a particular market segment instead of focusing on the competitors in that particular market segment.

Investing heavily and aggressively on down-pricing products to gain large market share.

It is significant in identifying relevant activities in the core business that has interaction to other business activities as far as sustaining a company explicit strategy is concerned. It helps determine which activities can add value to the company from securing raw materials to delivering finished products to end consumers.

Primary activities identified by the firm that concerns bringing finished products to distribution channels or directly to customers.

All of the business activities that enable the firm to fortify and sustain the general management of its primary activities like periodic planning and assessment, finance and accounting, compliance and legal protection.

A fundamental approach of a business firm towards developing and sustaining its overall purpose.

Support activities that ensure appropriate and updated technology with the corresponding technical expertise are used to develop, produce, and deliver products and services.