Strategic Management Theory and Cases An Integrated Approach 12th Edition Hill Solutions Manual Full download link at: Solution manual: https://testbankpack.com/p/solution-manual-for-strategic-managementan-integrated-approach-10th-edition-hill-and-jones-111182584x-9781111825843/ Test bank: https://testbankpack.com/p/test-bank-for-strategic-management-an-integratedapproach-10th-edition-hill-and-jones-111182584x-9781111825843/
Chapter 5 Business Level Strategy TRUEFALSE 1. A firm's business model should contain three components: what is to be satisfied, who is to be satisfied, and how they will be satisfied. (A) True (B) False Answer : (A)
2. The way a product is differentiated from other products of its type and the price of the product determine which product a customer chooses to satisfy his or her needs. (A) True (B) False Answer : (A)
3. Companies with a differentiation advantage tend to charge a lower price for their products. (A) True (B) False Answer : (B)
4. In commodity markets, competitive advantage goes to the company that has the lowest costs. (A) True (B) False Answer : (A)
5. A company has a competitive advantage if it can increase costs relative to rivals. (A) True