The following statement describes which source of low costs? “The more the firm has ever made, the better it gets at making.” Group of answer choices Learning curves Differential low cost access Diseconomies of scale Economies of scale
Question 1
The following statement describes which source of low costs? “The more the firm has ever made, the better it gets at making.”
Group of answer choices
Learning
Differential low cost access
Diseconomies of scale
Economies of scale
Question 2
Differential low cost access resulting from path dependance/first mover advantage is likely to be:
Group of answer choices
Both rare and inimitable
Question 3
In order to organize in a way to be more conducive to differentiation, a firm’s control structure should:
Group of answer choices
Avoid compensation structures that reward collaboration
Avoid compensation structures that reward risk taking
Include broad decision making authority
Question 4
Cost leaders are usually organized around products/markets/innovation rather than roles (i.e. accounting, operations, etc.)
Group of answer choices
True
False
Question 5
The organizational structure of a firm employing a cost leadership strategy is more likely to have a clear hierarchy than a firm employing a differentiation strategy.
Group of answer choices
True
False
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