Accy Problem Set #1

13 Questions | Total Attempts: 102

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Accounting Quizzes & Trivia

Pages 132-135Missing # 8 and 9


Questions and Answers
  • 1. 
    A company relies heavily on vertical integration to compete in its product market. Its product market is wide and broad based. What type of strategy is the company using?
    • A. 

      Low cost leadership

    • B. 

      Differentiation

    • C. 

      Focused low-cost leadership strategy

    • D. 

      A or c

    • E. 

      None of the above

  • 2. 
    A company competes by finding ways to reduce its customers' cost. The company's customers are generally white males between the ages of 18 and 26. What type of strategy is the company using?
    • A. 

      Low cost leadership

    • B. 

      Differentiation

    • C. 

      Focused differentiation strategy

    • D. 

      Focused low-cost leadership strategy

    • E. 

      B or c

  • 3. 
    A company prides itself on rapid response to customers' unique manufacturing specifications. What type of strategy is the company using?
    • A. 

      Low cost leadership

    • B. 

      Differentiation

    • C. 

      Focused differentiation strategy

    • D. 

      B or c

    • E. 

      None of the above

  • 4. 
    A company's competitive advantage is strongly based on its ability to improve the performance and quality characteristics of its product. The company is most likely using a
    • A. 

      Low cost leadership strategy

    • B. 

      Differentiation strategy

    • C. 

      Focused differentiation strategy

    • D. 

      B or c

    • E. 

      None of the above

  • 5. 
    The market for a company's product is large and broad-based. The company's competitive advantage is strongly based on lowering the customer's cost. The company is most likely using
    • A. 

      A low-cost leadership strategy

    • B. 

      A differentiation strategy

    • C. 

      A focused low-cost leadership strategy

    • D. 

      A or c

    • E. 

      None of the above

  • 6. 
    The market for a company's product is large and broad-based. The company's competitive advantage is strongly based on developing economies of scale. The company is most likely using a
    • A. 

      Low-cost leadership strategy

    • B. 

      Differentiation strategy

    • C. 

      Focused low-cost leadership strategy

    • D. 

      A and c

    • E. 

      None of the above

  • 7. 
    A company's competitive advantage is strongly based on its proximity to key suppliers. The company is most likely using a
    • A. 

      Low-cost leadership strategy

    • B. 

      Differentiation strategy

    • C. 

      Focused low-cost leadership strategy

    • D. 

      A or c

    • E. 

      None of the above

  • 8. 
    _______________ occur when cost reductions result from continuous repetition of activities that allow for improvement with each successive act.
    • A. 

      Economies of scale

    • B. 

      Economies of experience

    • C. 

      Vertical integration

    • D. 

      Location

    • E. 

      None of the above

  • 9. 
    A company with a large broad based market uses a strategy that leaves it susceptible to becoming inflexible. Which strategy is the company most likely using?
    • A. 

      Low-cost leadership

    • B. 

      Differentiation

    • C. 

      Focused low-cost leadership

    • D. 

      A or c

    • E. 

      None of the above

  • 10. 
    A company invests in extensive customer training to assure high-quality product installations. Which strategy is the company most likely using?
    • A. 

      Low-cost leadership

    • B. 

      Differentiation

    • C. 

      Focused differentiation strategy

    • D. 

      B or c

    • E. 

      None of the above

  • 11. 
    ________ occur when larger more established firms are able to reduce the cost of operation per unit of product or service.
    • A. 

      Economies of scale

    • B. 

      Economies of experience

    • C. 

      Vertical integration

    • D. 

      Location

    • E. 

      None of the above

  • 12. 
    A company has highly efficient systems to link its suppliers' products with the firms' production processes. Which strategy is the company most likely using?
    • A. 

      Low-cost leadership

    • B. 

      Differentiation

    • C. 

      Focused low-cost leadership

    • D. 

      A or c

    • E. 

      None of the above

  • 13. 
    A company with a large broad based market uses a strategy that leaves it susceptible to failure to innovate. Which strategy is the company most likely using?
    • A. 

      Low-cost leadership

    • B. 

      Differentiation

    • C. 

      Focused differentiation

    • D. 

      B or c

    • E. 

      None of the above