41 which of the following principles of competitive advantage is associated with pro 4313195

41 which of the following principles of competitive advantage is associated with pro 4313195

41) Which of the following principles of competitive advantage is associated with product implementations?

A) locking in customers

B) differentiating service offerings

C) locking in suppliers

D) establishing alliances

42) Which of the following principles of competitive advantage is related to process implementations?

A) creating new products

B) enhancing services

C) locking in suppliers

D) differentiating products

43) Hueblue Software, an application provider to the gaming industry, decided to increase its portfolio by developing motion-control-enabled games for the mobile gaming industry. In this scenario, which competitive strategy is Hueblue Software implementing?

A) establishment of alliances

B) product differentiation

C) reduction of cost

D) locking in suppliers

44) FunText is a company that owns an app used for text messaging. It recently offered a membership extension of six months without any additional charges to its existing customers who had registered for a three-year membership. By doing this, which competitive strategy did FunText implement?

A) creation of a new service

B) product differentiation

C) locking in customers

D) locking in suppliers

45) An organization wants to achieve competitive advantage through process implementations. Which of the following actions would help it in achieving this?

A) establishing alliances

B) creating new products

C) enhancing products

D) differentiating services

46) Streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. By doing this, Streamtech has ________.

A) created an entry barrier

B) introduced product differentiation

C) locked in its suppliers

D) reduced the cost of operations

47) Locking in customers by making it difficult or expensive for customers to move to another product is called establishing high ________.

A) entry barriers

B) switching costs

C) product standards

D) value differentiation

48) International Zoological club publishes a monthly magazine for zoology enthusiasts. Members are required to pay an up-front fee to cover the first two years of the subscription when registering with International Zoological club. By doing this, which competitive strategy is International Zoological club implementing?

A) raising barriers to market entry

B) establishing alliances

C) locking in customers

D) standardizing the product

49) A large software manufacturer attempts to lock in customers by making it difficult for customers to change to another product. The strategy used by the company is referred to as ________.

A) switching costs strategy

B) low cost operation strategy

C) standardization strategy

D) consumerist strategy

50) Organizations can lock in suppliers by making it difficult to switch to another organization or by ________.

A) making it easy for the customers to switch products

B) reducing investments in their supply chain

C) making it easy to work with the organization

D) reducing the bargaining power of consumers

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