Month: November 2024

Alex Ltd is looking to pursue a differentiation strategy for its Staffordshire garage door product.

Which ONE of the following might form part of this strategy?

Select ONE answer:

1. Action to minimise labour and overhead costs
2. Action to improve manufacturing productivity
3. Action to use higher quality materials in the manufacturing process of the Staffordshire
4. Action to increase sales efficiency

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > Differentiation means distinguishing your products and services from competitors’ offerings in ways that target customers will value. Therefore, better products using superior component parts, distinctive branding and improved features and benefits can all help. The other options would most likely underpin a competitive strategy based on low cost rather than differentiation.
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Alex Ltd is looking to pursue a differentiation strategy for its Staffordshire garage door product.

Which ONE of the following might form part of this strategy?

Select ONE answer:

1. Action to minimise labour and overhead costs
2. Action to improve the promotion and marketing of the Staffordshire brand.
3. Action to improve manufacturing productivity
4. Action to increase sales efficiency

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Notcorrect
2. Correct == > Differentiation means distinguishing your products and services from competitors’ offerings in ways that target customers will value. Therefore, better products using superior component parts, distinctive branding and improved features and benefits can all help. The other options would most likely underpin a competitive strategy based on low cost rather than differentiation.
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Alex Ltd is looking to pursue a differentiation strategy for its Staffordshire garage door product.

Which ONE of the following might form part of this strategy?

Select ONE answer:

1. Action to Improve product features and benefits of the Staffordshire
2. Action to minimise labour and overhead costs
3. Action to improve manufacturing productivity
4. Action to increase sales efficiency

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct == > Differentiation means distinguishing your products and services from competitors’ offerings in ways that target customers will value. Therefore, better products using superior component parts, distinctive branding and improved features and benefits can all help. The other options would most likely underpin a competitive strategy based on low cost rather than differentiation.
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Alex Ltd sells garden sheds in the West Midlands.

It has a number of local competitors who regularly use price cuts and other sales promotions to win business.

The competitors of Alex Ltd have noticed that in the past Alex Ltd always pursues a policy of responding to price cuts
by matching prices and then launching an advertising, leafleting and social media campaign targeting houses in the local area.

It appears that Alex Ltd is in terms of Philip Koetler’s Competitor Reaction Profiles to be pursuing a policy of being a?

Select ONE answer:

1. Laid back
2. Tiger
3. Selective
4. Stochastic

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Notcorrect
2. Correct == > Alex Ltd is consistently aggressive in its responses to competitor actions – a ‘tiger’ reaction profile
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Lucy is the strategy development director of Alex plc.

In formulating strategy recommendations for the board of directors, she always uses Porter’s Five Forces Analysis as her
fundamental means of analysis.

This is because she believes that strategy cannot be effectively formulated without first understanding the nature and structure of the competitive forces within an Industry.

It is clear from this that Lucy adopts?

Select ONE answer:

1. An emergent-based view of strategic planning
2. A positioning-based view of strategic planning
3. A resource-based view of strategic planning
4. A gap analysis view of strategic planning

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Notcorrect
2. Correct == > In the positioning-based view of strategic planning (2) the competitive forces at work in the industry are the driving force behind strategy. In the resource-based view of strategic planning (3), the business’s strategic capabilities are the driving force behind strategy. Lucy appears to be adopting a formal rather than an emergent approach (1) and there is no evidence of gap analysis (4).
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.