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Supervisory skills programs allow participants to discover how leadership styles and team building skills effect the organization. Supervisor, foreman, foreperson, boss, overseer, cell coach, facilitator, monitor, or area coordinator is the job title of a low level management position that is primarily based on authority over a worker or charge of a workplace.
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|How might an organization sustain and win a price war?
► A) By having a lower cost structure
► B) By cross-subsidizing one business from another
► C) By having "deeper pockets" to fund short to medium term losses
► D) All of the above
|What is meant by focused differentiation?
► A) Concentrating on a particular feature of a product or service to achieve differentiation
► B) Concentrating on differentiation as the primary means of achieving competitive advantage
► C) Providing a high-perceived value service or product to a selected market segment, this justifies a substantial price premium.
► D) Simultaneously seeking to achieve differentiation and a price lower than that of competitors
|Lock-in, as described by Hax and Wilde, is achieved when?
► A) An organization achieves a proprietary position in its industry.
► B) Customers are tied into long-term contracts.
► C) An industry is dominated by a major player.
► D) Customer preferences are recorded in a CRM database.
|Which of the following explanations best defines the meaning of hyper-competitive strategies?
► A) Hyper-competitive strategies are about how to compete in fast changing business environments.
► B) Innovation in terms of bases of competitive strategy
► C) Hyper-competitive strategies are about building bases of sustainable differentiation.
► D) Hyper-competitive strategies acknowledge the bases of competitive advantage may not be sustainable and that disruption of the status quo may be important.
|Why is game theory useful in developing competitive strategy?
► A) Game theory emphasizes short-term tactics to be employed in competitive strategies rather than a long-term strategy.
► B) Game theory is about thinking how competitors will respond in both the short term and the long term.
► C) Games assume competition between different players so game theory is especially useful in describing how competition occurs.
► D) Given the inter-dependence of competitors, game theory helps an understanding of how the decisions of one competitor affects upon another.
|A Strategic Business Unit is:
► A) Part of an organization for which there is a distinct external market for goods or services.
► B) A subsidiary responsible for a significant volume of business
► C) The corporate centre
► D) Parts of an organization targeting the same customers through different channels and facing different competitors
|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.
|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
|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.
|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
|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
|The equivalent to competitive advantage in public services is?
► A) Outsourcing
► B) Best value
► C) Superior services
► D) Best practice.
|Competitive advantage based on differentiation derives from?
► 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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Latest 20 Questions
An offer which is open for acceptance over a period of time is:
(a) Cross Offer
(b) Counter Offer
(c) Standing Offer
(d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
"Holiday Packages" announced as an advertisement are an example of _________: (a) Offer (b) Counter Offer (c) Invitation to Offer (d) None of the above
A match fixing contract between a player and a broker is a: (a) Valid Contract (b) Unenforceable Contract (c) Void Contract (d) Illegal Contract
When a bookseller sells a book on cash payment then it is called as ___________: (a) Unilateral Contract (b) Bilateral Contract (c) Executed Contract (d) Executory Contract
____________ agreements are created by situation: (a) Written (b) Oral (c) Void (d) Implied