Under which condition would a differentiation strategy be especially effective?
A) when the target market niche is large, profitable and growing
B) when technological change is fast paced and competition revolves around rapidly evolving product features
C) when industry leaders do not consider the niche to be crucial to their own success
D) when the industry has many different niches and segments, thereby allowing a company to pick a competitively attractive niche suited to its own resources
E) when few, if any, other rivals are attempting to specialize in the same target segment Under which condition would a differentiation strategy be especially effective?
Answer:
A) when the target market niche is large, profitable and growing
B) when technological change is fast paced and competition revolves around rapidly evolving product features
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GEB Chapter 5
- According to journalists' findings, what is a serious obstacle for many small business owners?
- When companies take over functional operations of other firms, such as human resources, information systems, payroll, accounting, or customer service, this is called
- Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?
- Which of the following is NOT a reason joint ventures fail?
- All of the following are cooperative arrangements EXCEPT
- Under which condition would a cost leadership strategy be especially effective?
- According to Porter, which strategy offers products or services to a niche group of customers at the lowest price available on the market?
- Under which strategy would you offer products or services to a wide range of customers at the lowest price available on the market?
- Which strategy would be effective when the stockholders of a firm can minimize their losses by selling the organization's assets?
- Selling all of a company's assets, in parts, for their tangible worth is called
- Which strategy should be implemented when a division is responsible for an organization's overall poor performance?
- Which term refers to selling a division of an organization?
- Retrenchment would be an effective strategy when an organization
- Bankruptcy
- What kind of strategy is retrenchment?
- Borders closing 200 of its 488 superstores and laying off 6,000 of its 19,500 employees is an example of
- Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.
- Which of the following is NOT a guideline for when an organization should use an unrelated diversification strategy?
- Tyson Foods opening a manufacturing plan that makes diesel and jet fuel from chicken fat, beef tallow, and leftover food grease from the firm's meat-processing plants is an example of
- Which strategy should an organization use if it competes in a no-growth or a slow-growth industry?
- Which strategy is effective when new, but related, products could be offered at highly competitive prices?
- Which strategy is appropriate when an organization competes in an industry characterized by rapid technological developments?
- All of the following situations are conducive to market development EXCEPT
- Which strategy generally entails large research and development expenditures?