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INTERVIEW QUESTIONS BUSINESS INTELLIGENCE SUPERVISORY DETAILS
Question :
The fundamental requirement for a successful price led strategy is:
► A) Reducing the cost base of the organization
► B) The lowest cost base of competing organizations
► C) Prices lower than competition.
► D) Lower quality products or services than competition.



Category Supervisory Interview Questions
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Added on 8/4/2015
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Answers:

B) The lowest cost base of competing organizations



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    Related Questions
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    A successful hybrid strategy is:
    ► A) Impossible to achieve in practice
    ► B) A strategy, which seeks to provide high-perceived value justifying a substantial price premium usually to a selected market segment
    ► C) The period of time when an organization is changing its strategy
    ► D) A strategy, which seeks simultaneously to achieve differentiation and a price lower than that of competitors


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    A differentiation strategy is defined as?
    ► A) Higher quality products or services than competitors
    ► B) Innovation of products or services greater than competition
    ► C) Providing different products or services, which draw upon competences or resources, which competitors do not have.
    ► D) The provision of products or services that offer benefits different from those of competitors and that are widely valued by buyers.


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    Sustainable differentiation is most likely in the following circumstances?
    ► A) Where the bases of differentiation are valuable to the buyer
    ► B) Where the bases of the differentiation strategy are difficult for competitors to imitate
    ► C) Where it is difficult for buyers to shift their buying allegiances
    ► D) All of the above

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    Three ways of sustaining competitive advantage are?
    ► A) Price-based strategies, differentiation, and diversification
    ► B) Price-based strategies, differentiation, and lock-in
    ► C) Change, adaptation and efficiency.
    ► D) Monopoly, cartel and market sharing


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    The equivalent to competitive advantage in public services is?
    ► A) Outsourcing
    ► B) Best value
    ► C) Superior services
    ► D) Best practice.

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    ► A) Being the lowest cost producer in the industry and offering the lowest prices
    ► B) Having the broadest range of different goods and services in the industry
    ► C) Having processes and systems, which are different from competitors
    ► D) Offering products or services, which offer different benefits from competitors' and which are valued by buyers.

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    You don't have any experience, Why I would appoint you for this post?
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