Answer the following questions by just writing down the correct answer with few words (each one…

Answer the following questions by just writing down the correct answer with few words (each one is of 2 points value).

  1. A growth strategy by taking over a function previously provided by a supplier or by a distributor is called which strategy?
  2. A company expands into other geographic regions or widening the range of products provided to existing markets is called which strategy?
  3. Growing into a related industry to realize economies of scope is called which strategy?
  4. What is the most usual growth strategy used by Turkish family business groups?
  5. A strategy which involves doing nothing new in a worsening situation but instead, acting as if the company is doing good is called which strategy?
  6. A strategy in which a firm gives up management of the firm to the courts in return for some settlement of the firm’s obligations is called which strategy?
  7. A financial strategy that relies on long terms credits from banks to diversify into different industries is called which strategy?
  8. A purchasing strategy that relies on only one supplier for a particular part is called which strategy?
  9. An outsourcing strategy applied usually when activity’s total value-added to firm’s products is low but its potential for competitive advantage is high is called which strategy?
  10. An international entry strategy in which a firm builds its own manufacturing plant and distribution system in a foreign country is called which strategy?
  11. An internationalization strategy in which a firm caters local customer needs, respond to local competition, adjust its products to local needs is called which strategy?
  12. A timing tactic in which a firm imitates the successful new products of other companies is called which tactic?
  13. Which tactic did Texas Instruments use when they avoided direct competition with Intel by developing cell phones, medical devices rather than computers?
  14. When Yamaha entered the market with a broader range of pianos, keyboards, and other musical instruments against Steinway pianos, it was using which offensive tactic?
  15. Which defensive tactic did P&G use when they test marketed their liquid bleach product to scare Clorox into retreating from their detergent market?

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