Question :
71.A high level of pay relative to that of competitors : 1243184
71.A high level of pay relative to that of competitors can ensure that _____.
A.the company’s overall labor costs are low
B.employees are highly satisfied with the work
C.the organization is always in the growth stage
D.organizational productivity is satisfactory
E.the company attracts high-quality employees
72.A company that follows an overall cost leadership strategy _____.
A.focuses on becoming the lowest cost producer in an industry
B.strives to reduce the cost of products in its industry
C.does not use automated procedures and systems
D.endeavors constantly to increase the quality of its products
E.focuses on creating products that provide high value for its cost
73.A company that wants to become the lowest cost producer in an industry should _____.
A.create a product that is different from other products in the market
B.construct efficient large-scale facilities
C.invest heavily in branding their product
D.invest in creating a unique customer service process
E.start using the latest machines for its production facility
74.Which of the following is true regarding the differentiation strategy?
A.Differentiation strategy cannot protect a company from price sensitivity.
B.Brand images play a negligible role in differentiation strategies.
C.Companies using the differentiation strategy have to build large-scale facilities.
D.Companies have to control their overhead costs to use the differentiation strategy.
E.Companies achieve above-average returns if they succeed in their differentiation strategy.
75.CompX Inc. is an online retailer of electronic products including laptops and tablets. The company is known for its unique approach to customer support, which is known for going above and beyond in satisfying customer complaints and issues. What kind of a strategy is CompX using?
A.Cost leadership
B.Differentiation
C.Disintermediation
D.Penetration
E.Cannibalization
76.Companies engaged in a cost strategy require employees to:
A.have a high concern for quantity.
B.have a long-term focus.
C.perform tasks that are not independent.
D.be willing to take risks.
E.undertake challenging and non-repetitive work.
77.Which of the following statements is true for companies that employ cost strategies?
A.They focus on high-quality production rather than efficient production.
B.They are very specific in the skills they require from their employees.
C.They shy away from investing in training employees in the skills they need.
D.They seek greater creativity by providing broader career paths to employees than companies that employ differentiation strategy.
E.They encourage their employees to take greater risks.
78.A company employing a differentiation strategy requires employees who:
A.are highly creative and cooperative.
B.have high concern for quantity.
C.tend to be risk averse.
D.have a short-term focus.
E.have less tolerance for ambiguity.
79.Which of the following statements is true of companies that employ differentiation strategies?
A.They primarily focus on efficient production.
B.They only train employees in specific required skill areas.
C.They want their employees to be risk averse.
D.They want their employees to take a balanced approach to process and results.
E.They expect their employees to exhibit role behaviors that are relatively repetitive.
80.Strategies emphasizing market share or operating costs are considered _____ strategies.
A.innovation
B.divestment
C.downsizing
D.concentration
E.cannibalization
or Waypoint 
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