discount stores owe much of their success to a competitive strategy based on: -General Knowledge

discount stores owe much of their success to a competitive strategy based on: -General Knowledge
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Discount stores owe much of their success to a competitive strategy based on: low prices.
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Tommy Hilfiger introduces a new line of men's ties targeted at men who are very statu s - conscious. In keeping with this assessment, department stores selling the ties should A)charge a price based mostly on their cost. B)charge prices consistent with their existing ties. C)discount the ties to move them rapidly. D)use the price variable symbolically.

Description : Tommy Hilfiger introduces a new line of men's ties targeted at men who are very statu s - conscious. In keeping with this assessment, department stores selling the ties should A)charge a price ... their existing ties. C)discount the ties to move them rapidly. D)use the price variable symbolically.

Last Answer : D)use the price variable symbolically.

Smith's Fine Foods is involved in selecting and analysing a target market and developing a marketing mix to gain long -run competitive advantages. Based on this example, Smith's is creating a A)corporate strategy. B)target design. C)mix strategy. D)marketing strategy. E)marketing tactic.

Description : Smith's Fine Foods is involved in selecting and analysing a target market and developing a marketing mix to gain long -run competitive advantages. Based on this example, Smith's is creating a A)corporate strategy. B)target design. C)mix strategy. D)marketing strategy. E)marketing tactic.

Last Answer : D)marketing strategy.

The Competitive Intelligence Officer a. thinks like the competitor by determining how that competitor measures success, looks to the future as to what the competition will do in the next year to two years, and evaluate how the competition can undercut your company’s performance. b. a competitor’s production position. c. monitors the competition on the production analysis portion of the Courier and evaluates the

Description : The Competitive Intelligence Officer a. thinks like the competitor by determining how that competitor measures success, looks to the future as to what the competition will do in the next year ... . c. monitors the competition on the production analysis portion of the Courier and evaluates the

Last Answer : a. thinks like the competitor by determining how that competitor measures success, looks to the future as to what the competition will do in the next year to two years, and evaluate how the competition can undercut your company’s performance.

One advantage of non -price competition is that: A)a firm can react quickly to competitive efforts. B)market share becomes less important. C)a firm can build customer loyalty. D)pricing is no longer a success factor.

Description : One advantage of non-price competition is that: A)a firm can react quickly to competitive efforts. B)market share becomes less important. C)a firm can build customer loyalty. D)pricing is no longer a success factor.

Last Answer : C)a firm can build customer loyalty.

Sharon Moro, office manager at Willow Manufacturing stated, “We‟d had manufacturing work cells in place for at least two years, but change didn‟t really happen until we added teamwork.” To effectively integrate teamwork into their corporate strategy, all of the following actions were undertaken by Willow except: (a) Old ways were readily discarded. (b) Everyone’s input was sought and valued (c) Individual employee success was recognized and celebrated. (d) Employees believed in what they were doing.

Description : Sharon Moro, office manager at Willow Manufacturing stated, We d had manufacturing work cells in place for at least two years, but change didn t really happen until we added teamwork. To ... Individual employee success was recognized and celebrated. (d) Employees believed in what they were doing. 

Last Answer : (c) Individual employee success was recognized and celebrated.

Porter’s notion of a differentiation strategy is best described as one in which firms seek a competitive advantage…. A. Through achieving a match between their internal and external environments. B. Through having a lower cost than their competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness

Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external ... competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness

Last Answer : Through establishing their uniqueness

Porter’s notion of a differentiation strategy is best described as one in which firms seek a competitive advantage…. A. Through achieving a match between their internal and external environments. B. Through having a lower cost than their competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.

Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external environments ... . C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.

Last Answer : Through establishing their uniqueness.

A small hardware store whose only competitor is a huge discount store would be least likely to use which competitive tool? A)services B)price C)product offering D)distribution E)promotion

Description : A small hardware store whose only competitor is a huge discount store would be least likely to use which competitive tool? A)services B)price C)product offering D)distribution E)promotion

Last Answer : B)price

What does Strategy describe? A. The general direction in which an organization plans to move to attain its goals B. Framework for managerial decisions C. Leveraging strengths to gain competitive advantage D. All of these options

Description : What does Strategy describe? A. The general direction in which an organization plans to move to attain its goals B. Framework for managerial decisions C. Leveraging strengths to gain competitive advantage D. All of these options

Last Answer : All of these options

What does Strategy describe? A. The general direction in which an organization plans to move to attain its goals B. Framework for managerial decisions C. Leveraging strengths to gain competitive advantage D. All of these options

Description : What does Strategy describe? A. The general direction in which an organization plans to move to attain its goals B. Framework for managerial decisions C. Leveraging strengths to gain competitive advantage D. All of these options

Last Answer : All of these options

Are there any art supply stores that sell their products at a discount or wholesale price?

Description : Are there any art supply stores that sell their products at a discount or wholesale price?

Last Answer : Micheal offers a frequent shopper discount program on their products. However you should try online for wholesale art supply companies.

________________ is a set of competitive moves to achieve organizational objectives? A. Competitive Analysis B. Strategy C. Management D. None of the above

Description : ________________ is a set of competitive moves to achieve organizational objectives? A. Competitive Analysis B. Strategy C. Management D. None of the above

Last Answer : Strategy

Competitive view of strategy looks at_____________ ? A. Industry Analysis B. Competencies C. VRIO D. All the above

Description : Competitive view of strategy looks at_____________ ? A. Industry Analysis B. Competencies C. VRIO D. All the above

Last Answer : Industry Analysis

This following is not a strategy for creating a sustainable competitive advantage; A. Operational efficiency B. Lock-In C. Leap-frogD. All of these are valid options

Description : This following is not a strategy for creating a sustainable competitive advantage; A. Operational efficiency B. Lock-In C. Leap-frog D. All of these are valid options

Last Answer : Leap-frog

Business Unit Level Strategy decides…. A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. All of these options are correct D. Industry specific diversification strategies

Description : Business Unit Level Strategy decides…. A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. All of these options are correct D. Industry specific diversification strategies

Last Answer : All of these options are correct

Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Description : Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Last Answer : None of these two options are correct

This following is not a strategy for creating a sustainable competitive advantage; A. Operational efficiency B. Lock-In C. Leap-frog D. All of these are valid options

Description : This following is not a strategy for creating a sustainable competitive advantage; A. Operational efficiency B. Lock-In C. Leap-frog D. All of these are valid options

Last Answer : Leap-frog

Business Unit Level Strategy decides…. A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. All of these options are correct D. Industry specific diversification strategies.

Description : Business Unit Level Strategy decides…. A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. All of these options are correct D. Industry specific diversification strategies.

Last Answer : All of these options are correct

Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Description : Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Last Answer : None of these two options are correct

The Diamond Model suggests that four factors determine a firm's competitive advantage: a) 1) home demand conditions; 2) home supply conditions; 3) firm strategy and structure; 4) supporting industriesb) 1) home demand and factor conditions; 2) firm strategy, structure and rivalry; 3) related industries; 4) supporting industries.c) 1) home demand conditions; 2) home factor conditions; 3) firm strategy, structure and rivalry; 4) related and supporting industries.d) 1) home demand conditions; 2) home supply; 3) firm strategy; 4) related andsupporting industries.

Description : The Diamond Model suggests that four factors determine a firm's competitive advantage: a) 1) home demand conditions; 2) home supply conditions; 3) firm strategy and structure; 4) supporting ... home demand conditions; 2) home supply; 3) firm strategy; 4) related and supporting industries.

Last Answer : home demand conditions; 2) home factor conditions; 3) firm strategy, structure and rivalry; 4) related and supporting industries

Which of the following statements is not true when describing a successful strategy? Select one: a. It fulfills its CSR obligations. b. It provides the means for renewing competitive advantage c. It addresses changes in the external environment d. It guarantees long term survival

Description : Which of the following statements is not true when describing a successful strategy? Select one: a. It fulfills its CSR obligations. b. It provides the means for renewing competitive advantage c. It addresses changes in the external environment d. It guarantees long term survival

Last Answer : It fulfills its CSR obligations

It is generally agreed that the central role of strategy is to Select one: a. Achieve competitive advantage. b. Make best use of resources. c. Make the best products and service d. Make profits for the company

Description : It is generally agreed that the central role of strategy is to Select one: a. Achieve competitive advantage. b. Make best use of resources. c. Make the best products and service d. Make profits for the company

Last Answer : Achieve competitive advantage.

A sustainable competitive advantage requires that: Select one: a. Other companies are not able to duplicate the strategy b. The value creating strategy be in a formulation stagec. Average returns be earned by the companyd. Competitors are simultaneously implementing the strategy.

Description : A sustainable competitive advantage requires that: Select one: a. Other companies are not able to duplicate the strategy b. The value creating strategy be in a formulation stage c. Average returns be earned by the company d. Competitors are simultaneously implementing the strategy.

Last Answer : Other companies are not able to duplicate the strategy

Which of the following statements is not true when describing a successful strategy? a) It provides some property that is unique or distinctive b) It provides the means for renewing competitive advantage c) It addresses changes in the external environment d) It guarantees long term survival

Description : Which of the following statements is not true when describing a successful strategy? a) It provides some property that is unique or distinctive b) It provides the means for renewing competitive advantage c) It addresses changes in the external environment d) It guarantees long term survival

Last Answer : It guarantees long term survival

The type of competitive structure that exists when a firm with many potential competitors attempts to develop a differential marketing strategy to establish its own market share is 1. mixed competition 2. oligopoly 3. monopolistic competition 4. perfect competition 5. none of these

Description : The type of competitive structure that exists when a firm with many potential competitors attempts to develop a differential marketing strategy to establish its own market share is 1. mixed competition 2. oligopoly 3. monopolistic competition 4. perfect competition 5. none of these

Last Answer : perfect competition

Which of the following statements is not true when describing a successful strategy? A. It provides some property that is unique or distinctive B. It provides the means for renewing competitive advantage C. It addresses changes in the external environment D. It guarantees long term survival

Description : Which of the following statements is not true when describing a successful strategy? A. It provides some property that is unique or distinctive B. It provides the means for renewing competitive advantage C. It addresses changes in the external environment D. It guarantees long term survival

Last Answer : It provides the means for renewing competitive advantage

Philip Morris's strategy of cutting prices on its Marlboro cigarettes to enlarge its market share in the increasingly competitive tobacco industry is known as A)market penetration. B)market development. C)product development. D)product penetration. E)concentric integration.

Description : Philip Morris's strategy of cutting prices on its Marlboro cigarettes to enlarge its market share in the increasingly competitive tobacco industry is known as A)market penetration. B)market development. C)product development. D)product penetration. E)concentric integration.

Last Answer : A)market penetration.

Corporate strategy planners are concerned with many different issues as they attempt to match the organisation's __________ with the opportunities and risks in the environment. A)strengths B)mission statement C)strategic business units D)resources E)competitive advantages

Description : Corporate strategy planners are concerned with many different issues as they attempt to match the organisation's __________ with the opportunities and risks in the environment. A)strengths B)mission statement C)strategic business units D)resources E)competitive advantages

Last Answer : D)resources

The type of competitive structure that exists when a firm with many potential competitors attempts to develop a differential marketing strategy to establish its own market share is: A)Monopoly B)Oligopoly C)Monopolistic Competition D)Perfect Competition

Description : The type of competitive structure that exists when a firm with many potential competitors attempts to develop a differential marketing strategy to establish its own market share is: A)Monopoly B)Oligopoly C)Monopolistic Competition D)Perfect Competition

Last Answer : C)Monopolistic Competition

The purpose of all good small business strategy is__________. A. to increase turnover. B. to increase profitability. C. to achieve competitive advantage. D. to achieve stated objectives.

Description : The purpose of all good small business strategy is__________. A. to increase turnover. B. to increase profitability. C. to achieve competitive advantage. D. to achieve stated objectives.

Last Answer : D. to achieve stated objectives.

The Shirt Company utilises a push strategy to sell the Ecoshirt line. Its basic promotional tool is discount. These discounts offered to middlemen are referred to as ___ discounts. A)trade B)cumulative C)noncumulative D)quality E)middlemen

Description : The Shirt Company utilises a push strategy to sell the Ecoshirt line. Its basic promotional tool is discount. These discounts offered to middlemen are referred to as ___ discounts. A)trade B)cumulative C)noncumulative D)quality E)middlemen

Last Answer : A)trade

What is the average income of people who shop regularly at discount stores?

Description : What is the average income of people who shop regularly at discount stores?

Last Answer : People shop at discount stores for a variety of reasons. It's impossible to put an "average" income on these consumers. Frugal, wealthy individuals are just as likely to shop there are lower income families.

Are discount stores and outlet stores the same thing?

Description : Are discount stores and outlet stores the same thing?

Last Answer : No, they are not the same things. Discount stores provide items at a lower price because they can. Outlet stores provide items at a lower price because these items are outdated or not in style anymore.

Where can I find discount shoe stores in Santa Barbara?

Description : Where can I find discount shoe stores in Santa Barbara?

Last Answer : To find discount shoe stores in the Santa Barbara area, check the local phone book, Yellow Pages, or go online. If you choose to go online, simply use your favorite search engine, and search for ... stores, that are not specific to shoe sells, but list shoes among the products that they sell.

Do discount stores like Ross ever sell really high end luggage on sale?

Description : Do discount stores like Ross ever sell really high end luggage on sale?

Last Answer : Ross typically doesn't have high-end luggage on sale, but mid-range items are sometimes available.

Where is the best quality discount furniture stores?

Description : Where is the best quality discount furniture stores?

Last Answer : I like discount office furniture. I would suggest value village and flea markets as they always have ddesks and cabinets. They arent have bad and you will save at least 75% less then new. Also i would check out auctions they always have great furniture.

Where can I find the nearest Discount Tire stores to my zip code?

Description : Where can I find the nearest Discount Tire stores to my zip code?

Last Answer : As long as you have internet set up, go to Discount Tire store's website at 0.www.discounttire.com and clock "Store Locator." You then will be asked to fill information about your town so that the website can locate the nearest store to you.

Do discount coupons work at stores with sales?

Description : Do discount coupons work at stores with sales?

Last Answer : The answer may vary according to the stores. Because getting discounts is absolutely depends on the store protocols. But you can try DiscountCodeUAE for discount coupons, where I have got a good shopping experience.

Can I use coupons at discount stores?

Description : Can I use coupons at discount stores?

Last Answer : It depends on the coupon and it depends on the store. Sam's Club, for example, doesn't take coupons except in a few (rare) cases. Wal-Mart and Target take coupons, but discounters like Big ... what they will accept. Your best bet is to check with the manager before heading for the checkout line.

What stores have discount men's clothing?

Description : What stores have discount men's clothing?

Last Answer : I would check out your local paper. They usually have ads displaying any special deals that a particular store may be running. You may check out the internet in search of the type of clothing you are looking for your man.

A shopper approaches the store's manager and says that he has seen a blender on display he wishes to buy. The manager asks him to fill out an order form and someone from customer service would be happy to bring him a blender. The customer is shopping in a A)hypermarket. B)superstore. C)catalogue showroom. D)warehouse club. E)discount store.

Description : A shopper approaches the store's manager and says that he has seen a blender on display he wishes to buy. The manager asks him to fill out an order form and someone from customer service would ... shopping in a A)hypermarket. B)superstore. C)catalogue showroom. D)warehouse club. E)discount store.

Last Answer : C)catalogue showroom.

Kumaran stores offered 60% discount on the marked price and there is a loss of 30%. If it is sold the MP, find the profit percentage?

Description : Kumaran stores offered 60% discount on the marked price and there is a loss of 30%. If it is sold the MP, find the profit percentage?

Last Answer : MP= Rs X Sp= 40/100*x= 2x/5 CP= 2x/5*100/70=4x/7 Profit when sold at MP= x-4x/7 =3x/7 Profit% = (3x/7)/(4x/7)*100=75%

A Barbie doll is available at Ratna stores in salem at 20% discount and the same is available at only 18% discount at Royal stores in attur. Deepika has just sufficient amount of Rs 800 to purchase it at Ratna stores in salem. What is the amount that deepika has less than required amount to purchase it at Royal stores in attur?

Description : A Barbie doll is available at Ratna stores in salem at 20% discount and the same is available at only 18% discount at Royal stores in attur. Deepika has just sufficient amount of Rs 800 to purchase ... is the amount that deepika has less than required amount to purchase it at Royal stores in attur?

Last Answer : 80%= 800 100%= 1000 when discount 18%,then, SP= 1000-180=820 required difference= 820-800 = Rs. 20

Every year before the Diwali festival, the kumaran stores increases the price of the product by 48% and then introduce two successive discount of 12% and 13% respectively. What is percentage loss and percentage gain ?

Description :  Every year before the Diwali festival, the kumaran stores increases the price of the product by 48% and then introduce two successive discount of 12% and 13% respectively. What is percentage loss and percentage gain ?

Last Answer : Let CP = 100,  48 % increase =>SP = 148 12 % discount in SP => ((148 x 12)/100) = 17.76 So 1st SP = (148 – 17.76) = 130.24  13 % discount in 1st SP ((130.24x13)/100) = 16.93 2nd SP = 130.24-16.93= 113.31 So finally CP = 100, SP = 113.31 => gain = 13.31%

When Nike first opened its company -owned retail stores to sell its shoes and sportswear, this move exemplified which type of business -unit strategy? A)Concentric diversification B)Market development C)Product development D)Conglomerate diversification E)Forward integration

Description : When Nike first opened its company -owned retail stores to sell its shoes and sportswear, this move exemplified which type of business -unit strategy? A)Concentric diversification B)Market development C)Product development D)Conglomerate diversification E)Forward integration

Last Answer : E)Forward integration

To attract customers into stores, Spar advertises its milk at less than cost, hoping that customers will purchase other groceries as well. This pricing strategy is called A)price lining. B)special-event pricing. C)experience curve pricing. D)superficial discounting. E)price leader pricing.

Description : To attract customers into stores, Spar advertises its milk at less than cost, hoping that customers will purchase other groceries as well. This pricing strategy is called A)price lining. B)special-event pricing. C)experience curve pricing. D)superficial discounting. E)price leader pricing.

Last Answer : E)price leader pricing.