In response to challenges arisen by competitors and new entrants, the strategy which must be considered by the company does include __________?

Related Mcqs:

1. The process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors’ technologies is called ___________?

   A. outsource engineering
   B. reverse engineering
   C. target engineering
   D. off shore engineering

2. In strategy formulation, the forces that must be focused for industry analysis include ________?

   A. potential entrants in market
   B. customer’s bargaining power
   C. supplier’s bargaining power
   D. all of above

3. An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called __________?

   A. inelastic demand
   B. product differentiation
   C. cost leadership
   D. elastic demand

4. The translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as __________?

   A. differentiation scorecard
   B. bargaining scorecard
   C. leadership scorecard
   D. balanced scorecard

5. An organization’s ability to offer market offerings at lower prices, in comparison with its competitors is known as __________?

   A. inelastic demand
   B. product differentiation
   C. cost leadership
   D. elastic demand

6. The capacity of the operations in company, which does not consider shutdown periods and interruptions, in operations is considered as ________?

   A. normal capacity
   B. theoretical costing
   C. standard capacity
   D. actual capacity

7. The basic aspects of product quality must include the ____________?

   A. design quality
   B. conformance quality
   C. scorecard quality
   D. both A and D

8. The costs which are related to different functions of the value chain of company, such as marketing and manufacturing costs are considered as __________?

   A. value costs
   B. future function costs
   C. business function costs
   D. sunk function costs

9. If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be __________?

   A. variable growth of company
   B. constant growth of company
   C. company is inefficient
   D. company is efficient

10. When prices fall, the decrease in demand for the product when the competitors’ prices are not met will be called ___________?

    A. downward supply spiral
    B. upward supply spiral
    C. downward demand spiral
    D. upward demand spiral