STR 581 Week 4 knowledge check_100%.docx

Feb 3rd, 2012
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1. Firms that enjoy higher profit margins are using which of Michael Porter’s generic strategies? 2. If a textile producer acquires a shirt manufacturer, this is called 3. Which of the following companies is a good example of a low-cost leader? 4. The grand strategy in which the firm directs its resources to the profitable growth of a single product, in a single market and with a single technology is termed 5. The most compelling reason companies should diversify can be found in situations when core competencies can be leveraged with other products or into other markets 6. Companies that pursue this value discipline strive to produce a continuous stream of state-of-the-art products and services. 7. Firms that follow this type of generic strategy can sometimes have difficulties succeeding without compromising the key attributes of a company’s products or services. 8. The acquisition of one or more businesses operating at the same stage of the production-marketing chain is an examp

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