Business Strategy Interview Questions and Answers

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Business Strategy Interview Questions and Answers will guide us now that a business strategy is a plan of action designed to achieve a particular goal. The word strategy has military connotations, because it derives from the Greek word for general. Strategy is distinct from tactics. Learn Business Strategy concepts with this Business Level Strategy Interview Questions with Answers guide

  1. Business Strategy questions updated at 01 Jul 10 in Category Business and Economy and visited 2126 Times

Business Strategy Questions and Answers:

1 :: 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

A) Part of an organization for which there is a distinct external market for goods or services.
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2 :: 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.

B) The lowest cost base of competing organizations
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3 :: 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

D) A strategy, which seeks simultaneously to achieve differentiation and a price lower than that of competitors
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4 :: 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.

D) The provision of products or services that offer benefits different from those of competitors and that are widely valued by buyers
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5 :: 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

D) All of the above
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