D. a cost advantage Answer: C Level of Difficulty: Hard Section reference: What Is Business Strategy? Learning Objective: 1.1 Application Bloom’s: AACSB: Application of knowledge The owners of Carpo Inc., a watch company, also own a steel company and a leather goods manufacturing company. This relieves them from expenses that they would have to bear, if they had to rely on outside sources for the raw materials needed to make their watches. This enables the company to produce watches at a much lesser cost than other companies in the industry. This scenario best illustrates a _____. A. complementary service B. emergent strategy C. unique value D. cost advantage Answer: D Level of Difficulty: Hard Section reference: What Is Business Strategy? Learning Objective: 1.1 Application Bloom’s: AACSB: Application of knowledge Which of the following is an example of a resource? A. An overdue B. A mission C. A patent D. A goal Answer: C Level of Difficulty: Easy Section reference: What Is Business Strategy? Learning Objective: 1.1 Knowledge Bloom’s: AACSB: Analytical thinking Lavender Furniture established itself in 1965 as a small firm. It was situated on a small stretch of land located miles away from the town. Over the years, due to the high quality of its products, it acquires enough profits to own multiple assets, such as a bigger plot and machinery, recruit employees and establishe itself as a brand. Which
D. a cost advantage Answer: C Level of Difficulty: Hard Section reference: What Is Business Strategy? Learning Objective: 1.1 Bloom’s: Application AACSB: Application of knowledge The owners of Carpo Inc., a watch company, also own a steel company and a leather goods manufacturing company. This relieves them from expenses that they would have to bear, if they had to rely on outside sources for the raw materials needed to make their watches. This enables the company to produce watches at a much lesser cost than other companies in the industry. This scenario best illustrates a _____. A. complementary service B. emergent strategy C. unique value D. cost advantage Answer: D Level of Difficulty: Hard Section reference: What Is Business Strategy? Learning Objective: 1.1 Bloom’s: Application AACSB: Application of knowledge Which of the following is an example of a resource? A. An overdue B. A mission C. A patent D. A goal Answer: C Level of Difficulty: Easy Section reference: What Is Business Strategy? Learning Objective: 1.1 Bloom’s: Knowledge AACSB: Analytical thinking Lavender Furniture established itself in 1965 as a small firm. It was situated on a small stretch of land located miles away from the town. Over the years, due to the high quality of its products, it acquires enough profits to own multiple assets, such as a bigger plot and machinery, recruit employees and establishe itself as a brand. Which
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