1 point Sidecar Donut is a gourmet donut shop in Orange County. They sell unique donuts, such as Huckleberry donut and Bacon bourbon glazed donut, etc. They sell gluten-free donuts and vegan donuts. Sidecar is using cost leadership as their business strategy. True False 1 point Firms pursuing a differentiation strategy primarily seek to keep their cost structures lower than that of the cost leader. reduce the value gap to gain a competitive advantage. provide products that are a direct imitation of the competitors' products. create higher customer perceived value than the value that competitors create. 1 point A firm pursuing a differentiation strategy as opposed to a low-cost strategy will focus its research and development on product technologies to add uniqueness. concentrate on leveraging its economies of scale through process technologies. build an organization structure that relies on strict budget controls. create a lower economic value as compared to its competitors. 1 point Which of the following is more of a value driver than a cost driver? superior customer service economies of scale learning-curve effects 1 point Which of the following best explains why a blue ocean strategy is difficult to implement? It requires the combination of fundamentally similar strategic positions—differentiation and low cost. It requires the reconciliation of fundamentally different strategic positions—differentiation and low cost. It requires the combination of fundamentally different strategic positions-differentiation and strategic trade-offs. It requires the combination of fundamentally similar strategic positions-differentiation and strategic trade-offs. 20 1 point Blackzim Wireless is a cellular service provider that charges its customers $1 for three hours of talk time. So, if a customer's talk time for a month is 60 hours, the company charges him or her $20 at the end of the month. Which of the following business models does this best illustrate? razor-razor-blade subscription-based pay-as-you-go freemium
1 point Sidecar Donut is a gourmet donut shop in Orange County. They sell unique donuts, such as Huckleberry donut and Bacon bourbon glazed donut, etc. They sell gluten-free donuts and vegan donuts. Sidecar is using cost leadership as their business strategy. True False 1 point Firms pursuing a differentiation strategy primarily seek to keep their cost structures lower than that of the cost leader. reduce the value gap to gain a competitive advantage. provide products that are a direct imitation of the competitors' products. create higher customer perceived value than the value that competitors create. 1 point A firm pursuing a differentiation strategy as opposed to a low-cost strategy will focus its research and development on product technologies to add uniqueness. concentrate on leveraging its economies of scale through process technologies. build an organization structure that relies on strict budget controls. create a lower economic value as compared to its competitors. 1 point Which of the following is more of a value driver than a cost driver? superior customer service economies of scale learning-curve effects 1 point Which of the following best explains why a blue ocean strategy is difficult to implement? It requires the combination of fundamentally similar strategic positions—differentiation and low cost. It requires the reconciliation of fundamentally different strategic positions—differentiation and low cost. It requires the combination of fundamentally different strategic positions-differentiation and strategic trade-offs. It requires the combination of fundamentally similar strategic positions-differentiation and strategic trade-offs. 20 1 point Blackzim Wireless is a cellular service provider that charges its customers $1 for three hours of talk time. So, if a customer's talk time for a month is 60 hours, the company charges him or her $20 at the end of the month. Which of the following business models does this best illustrate? razor-razor-blade subscription-based pay-as-you-go freemium
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Transcribed Image Text:1 point
Sidecar Donut is a gourmet donut shop in Orange County. They sell unique donuts, such as Huckleberry donut and Bacon bourbon glazed donut, etc. They sell gluten-free
donuts and vegan donuts. Sidecar is using cost leadership as their business strategy.
True
False
1 point
Firms pursuing a differentiation strategy primarily seek to
keep their cost structures lower than that of the cost leader.
reduce the value gap to gain a competitive advantage.
provide products that are a direct imitation of the competitors' products.
create higher customer perceived value than the value that competitors create.
1 point
A firm pursuing a differentiation strategy as opposed to a low-cost strategy will
focus its research and development on product technologies to add uniqueness.
concentrate on leveraging its economies of scale through process technologies.
build an organization structure that relies on strict budget controls.
create a lower economic value as compared to its competitors.
Transcribed Image Text:1 point
Which of the following is more of a value driver than a cost driver?
superior customer service
economies of scale
learning-curve effects
1 point
Which of the following best explains why a blue ocean strategy is difficult to implement?
It requires the combination of fundamentally similar strategic positions—differentiation and low cost.
It requires the reconciliation of fundamentally different strategic positions—differentiation and low cost.
It requires the combination of fundamentally different strategic positions-differentiation and strategic trade-offs.
It requires the combination of fundamentally similar strategic positions-differentiation and strategic trade-offs.
20
1 point
Blackzim Wireless is a cellular service provider that charges its customers $1 for three hours of talk time. So, if a customer's talk time for a month is 60 hours, the company
charges him or her $20 at the end of the month. Which of the following business models does this best illustrate?
razor-razor-blade
subscription-based
pay-as-you-go
freemium
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