BIOL 1001 Chapter : Chapter 1 Life With Clickers
Document Summary
Mgt 3830 test 1 practice questions12/9/2013 12:44:00 am. Characteristics of a strategy? positioning, trade-offs, and fit. What is vision made up of? core ideology and envisioned future. What is core ideology made up of? core values and core purpose. Price sensitivity: products are differentiated, products have few substitutes, supplier product is an important input to buyers product (quality) Bargaining power: suppliers products have high switching costs, supplier poses threat of forward integration, buyer is not important customer to supplier, supplier industry is dominated by a few firms. Price sensitivity: products are undifferentiated, competition between buyers, unimportant to quality. Bargaining power: buyer has few switching costs, buyer poses threat to backward integration, buyer has full info. Intro: product innovation, financial resources, capabilities in product development and manufacturing, marketing, distribution. Growth: scaling up, adapting design and manufacturing capability to large scale production, access to distribution. Maturity: efficiency, cost efficiency through scale economies, low wages, low overheads.
