Firms implementing cost leadership strategies often sell no-frills standardized goods or services (but with competitive levels of differentiation) to the industry’s most typical customers

Which of the following firms would MOST likely be a successful candidate for acquisition and restructuring?

A __________ is a framework for how a firm will create, deliver, and capture value.

TQM is most helpful to firms following the __________ business strategy.

In general, firms are more aware of competitors that have similar resources and that:

Economies of scale are critical to success in what type of market?

By definition, to be engaged in multimarket competitions, two or more firms must compete against each other in more than one product area and in multiple geographic markets

The typical risks of a cost leadership strategy include:

Human resources and other support functions are not value-creating activities in the value chain; only value-chain activities create value

Exporting and licensing are the most appropriate ways for smaller firms to first enter international markets