IT Passport Examination (IP) | Strategy: Business Strategy Questions 03
Problem 1
Which method analyzes the business environment from the three viewpoints of customer, competitor and company?
View explanation
The three Cs are Customer, Competitor and Company.
Problem 2
In PPM, what is a business with both a high market growth rate and a high market share called?
View explanation
A business high in both market growth and market share is classified as a star.
Problem 3
Which method analyzes the value generated by activities running from procurement of materials through production, sales and service?
View explanation
Value chain analysis treats the sequence of business activities as a chain that creates value.
Problem 4
Which term refers to a company's own capability that rivals cannot easily imitate and that is the source of competitive advantage?
View explanation
A core competence is a central capability that competitors find hard to copy.
Problem 5
Which approach builds long-term relationships with customers and puts purchase histories and similar data to work in sales activities?
View explanation
CRM uses customer information to manage and maintain good customer relationships.
Problem 6
Which system links procurement, production, logistics and sales across companies to optimize inventory and delivery times?
View explanation
SCM manages the whole supply chain to optimize inventory and lead times.
Problem 7
Which indicator is set to measure progress toward achieving business goals?
View explanation
A KPI is a key performance indicator measuring the state of the business processes that lead to the goal.
Problem 8
Which activity compares and improves your own operations against the methods and results of leading companies inside and outside the industry?
View explanation
Benchmarking compares your company with best practice to identify where to improve.
Problem 9
Which strategy avoids fiercely contested existing markets and creates untapped ones through new value?
View explanation
Blue ocean strategy aims to create a new market where there is no competition.
Result
More sets in this exam
- IT Passport Examination (IP) | Strategy: Business Activities and Accounting Questions 01
- IT Passport Examination (IP) | Strategy: Law and Intellectual Property Questions 02
- IT Passport Examination (IP) | Strategy: Management, Law and Systems Questions 05
- IT Passport Examination (IP) | Strategy Questions on Data Analysis, Marketing, and DX Planning 06
- IT Passport Examination (IP) | Strategy Questions on Accounting, Business Analysis, and System Procurement 07
- IT Passport Examination (IP) | Management: Systems Development Questions 01