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Strategic Management Creating Competitive Advantages Study Set 3

Business

Quiz 8 :

Entrepreneurial Strategy and Competitive Dynamics

Quiz 8 :

Entrepreneurial Strategy and Competitive Dynamics

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During the introductory stage of the life cycle, firms tend to depend on
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B

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Most successful turnarounds begin with
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C

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Disruptive innovations
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B

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Four basic strategies that are available in the decline stage are maintaining, harvesting, exiting, or
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The deregulation of the airline industry completely upset the bases of competition and led to the dramatic realignment of the dominant companies and their competitive advantages. Which of the following is not an example of a low cost airline that emerged with a different business model?
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Low to moderate emphasis on process design tends to occur during the _______ stage in the industry life cycle.
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Which of the following is not an example of a disruptive technology?
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The life cycle idea used to describe industries is clearly analogous to a living organism that experiences birth, growth, maturity, and death. This comparison
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The automotive industry is considered to be at the _______ stage in the industry life cycle.
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In the maturity stage, aggregate industry demand begins to slow and the markets are becoming
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The most intense level of competition within an industry tends to occur during the _________ stage in the industry life cycle.
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In general, the industry life cycle model implies an evolutionary change and
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Which of the following is not a characteristic of a turnaround strategy?
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Success in the introduction stage requires an emphasis on research and development and marketing activities to enhance awareness of the product or service. The challenge involves
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During the growth stage, revenues increase at an accelerating rate because new consumers are trying the product and
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Building a recognizable brand, gaining customer loyalty, and setting the standards for the industry are all potential benefits of being
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According to the text, the overall objective of defending the market share and extending the product life cycle tends to be typical of the __________ stage in the industry life cycle.
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By far the most potent forces for industry change are
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Which of the following is not one of the evolutionary trajectories of industry change?
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Although all decisions in all phases of an industry life cycle are important, they become particularly ______________ in the decline stage.
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