A mobile phone manufacturing and marketing company acquires an overseas display manufacturing company to gain a strong market position. Which of the five generic strategies has the mobile phone manufacturer used to gain competitive advantage?
What will be an ideal response?
The mobile phone manufacturing company has employed a backward integration strategy to gain more market share and also to manufacture a key component of its products at a lower cost. It has employed a low-cost provider strategy that allows it to achieve a cost-based advantage over rivals. The chapter describes how Walmart and Southwest Airlines earned strong market positions because of the low-cost advantages they have achieved over their rivals. Low-cost provider strategies can produce a durable competitive edge when rivals find it hard to match the low-cost leader's approach to driving costs out of the business.
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All of the following stores are categorized as "superstores" except:
A) Toys "R" Us. B) Home Depot. C) IKEA. D) Babies "R" Us. E) The Body Shop.
What importance is placed on a company's stock price in the ratio analysis of a company? Explain
Which of the following is not true regarding accounting theory?
a. It includes concepts, valuation models, and hypotheses. b. It is developed and refined by the process of accounting research. c. It is concerned with improving financial accounting and statement presentation. d. It is concerned with insuring that managers and investors are in agreement on how to improve financial statements.
John works for Super Sales Company. He has been first in sales for the past year, but this year Steve is close to his coworker John's numbers. John is not happy about this. He sees Steve at a social event and grabs Steve by the collar and says "don't even think of ever trying to beat my sales numbers," and then walks away. This behavior by John is an example of
a. Cognitive dissonance b. Ethic reciprocity c. Commitment d. Politics