Leadership Multiple Choice Questions and Answers | Leadership MCQs

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Questions
1 Cost leadership as a strategy requires a firm to __.
A aim at a cost advantage in a niche market
B be unique in its product offering
C aggressively search out efficiencies to maintain the lowest cost structure
D aim to be similar to its competition in most operations

Answer: aggressively search out efficiencies to maintain the lowest cost structure
2 Firms implementing cost-leadership strategies will generally adopt a
A multidivisional structure.
B functional organizational structure.
C product divisional structure.
D matrix structure.

Answer: functional organizational structure.
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3 Firms implementing cost-leadership strategies will have ________ layers in their reporting structure.
A relatively complex
B relatively simple
C relatively few
D many

Answer: many
4 One aspect of using a cost leadership strategy is that experience effects may lead to lower costs.
A True
B False

Answer: True
5 The typical risks of a cost leadership strategy includes:
A production and distribution processes becoming obsolete
B the inability to balance high differentiation and low price.
C excessive differentiation to
D loss of customer loyalty.

Answer: production and distribution processes becoming obsolete
6 One aspect of using a cost leadership strategy is that experience effects may lead to lower costs.
A True
B False

Answer: True
7 The typical risks of a cost leadership strategy includes:
A production and distribution processes becoming obsolete
B the inability to balance high differentiation and low price.
C the inability to balance high differentiation and low price.
D the inability to balance high differentiation and low price.

Answer: production and distribution processes becoming obsolete
8 Firms pursuing a cost-leadership strategy are typically characterized by?
A loose cost control systems.
B close supervision of labor, raw materials, inventory, and other costs.
C Both A and B
D a de -emphasis on quantitative cost goals and costs.

Answer: close supervision of labor, raw materials, inventory, and other costs.
9 What must a cost-leadership strategy accomplish to be successful?
A It must increase the firm’s cost above that of its competitors while offering adequate value.
B It must reduce the firm’s cost below that of its competitors while offering superior value.
C Both A and B
D It must reduce the firm’s cost below that of its competitors while offering adequate value.

Answer: It must reduce the firm’s cost below that of its competitors while offering adequate value.

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