Business Strategy Chapter 6
Which of the following are pricing options offered by a blue ocean strategy?
-The firm can charge a higher price then the cost leader -The firms can charge a lower price then differentiation.
Larger output allows firms to invest in more specialized system such as_______.
-manufacturing robots -enterprise resource planning software
In terms of competitive positioning, erosion of margins is a risk for which of the following competitive forces?
-power of suppliers -threat of entry -power of buyeres
When pursuing a differentiation Strategy, a firm can achieve a competitive advantage by ______.
Ensuring that its economic value exceeds that of its competitors.
For a differentiation strategy to strengthen a company's strategic position and boost its competitive advantage_______.
an increase in value creation much exceed the increase in costs.
Furniture retailer IKEA has used the value innovation Framework of________ to successfully implement a blue ocean strategy.
eliminate-reduce-raise-create
An auto manufacturer that has to cheaper labor and raw materials then its rivals will have a CA regarding lower cost of______ factors
input
A ________ is a situation that requires choosing between a cost or value position.
strategic trade-off
