Express Oil Change has had success in the auto repair shop industry by creating differentiation. Which of the following is NOT a trademark of the company that gives it a competitive advantage through differentiation?

ACME t-shirt company is pursuing a cost leader strategy within the fashion industry. Which of the following sets of factors BEST describes what the company would need to look like to achieve this goal?

Suppose that you are the owner of a sandwich shop in one town. You diversify your risk by opening up another shop in another town. Which diversification have you applied?

Victoria’s Secret decided to close their stores in March due to the global pandemic and reopen in June; however, not all of their stores had the opportunity to reopen. Instead of completely filing for bankruptcy and going out of business, Victoria’s Secret decided to decrease its number of stores and lay off a fraction of their employees. This strategy can be referred to as __________.

You have the idea to open a lower cost, more affordable grocery store in a new neighborhood. Although the neighborhood is new, there will likely soon be more permanent residents in the area who will need a place to shop. About 3 miles away there is another grocery store that is somewhat established and already has customer/brand loyalty. Which disadvantage to operating with a low-cost strategy would best fit the scenario?

Suppose you own a clothing store that wants to employ a cost leadership strategy. You are considering switching to cheaper materials, reducing your advertising costs, laying off customer service employees, using cheaper designs, and changing store hours. Which of the following should NOT be part of your cost leadership strategy?

After opening your electronics store, you want to pursue a differentiation strategy. Which of these could you do to achieve this?

Kayla’s Kite Shop is primarily focused on implementing strategic alliance plans to implement their corporate strategy. Which of the following is the best representation of Kayla’s Kite Shop implementing a strategic alliance?

Which Sustainable Development Goal (SDG) focuses on climate action?

The concept of “balance of power” is central to realism.