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BSG QUIZ 1 2025 QUESTIONS AND ANSWERS.
BSG QUIZ 1 2025 QUESTIONS AND ANSWERS.
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2025/2026 Tests
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2025/2026 Tests
BSG QUIZ 1 2025 QUESTIONS AND ANSWERS.
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| Uploaded on: | September 9, 2025 |
| Last updated: | September 9, 2025 |
| Number of pages: | 188 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | BSG QUIZ 1 2025 QUESTIONS AND ANSWERS. |
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Page | 1 BSG QUIZ 1 2025 QUESTIONS AND ANSWERS. 1. Although Michael Porter is known as an IO economist and his emphasis on industry analysis, his ______ framework allows for competitive advantage to be gained through uniqueness, with firms following a ______ strategy. - correct answer generic strategies; differentiation 2. According to the textbook, what are the Five Generic Competitive Strategy Options? - correct answer - overall lowcost provider strategy, broad differentiation strategy, focused low-cost strategy, focused differentiation strategy, best-cost provider strategy 3. Rumelt's criteria for strategy evaluation are: Feasibility, consistency, consonance, and __________ correct answer - Advantage 4. What labels go with the designated areas in Kotler's model? correct answer - Core Product, Actual Product, Augmented Product
