Question 11 of 30

1.0 PointsWhen a winery opens a tasting room through which it sells its wine to visitors, this represents a strategy of: A. Backward integration

 B. Forward integration

 C. Partial integration

 D. Diversification.

Reset Selection

 

Question 12 of 30

1.0 PointsThe opening quotation concerning Bath Fitter illustrates the following benefits of vertical integration: A. Technical economies from the physical integration of processes

 B. Avoiding the transactions costs involved monitoring and enforcing contracts with external suppliers

 C. Economies of scale

 D. None of the above.

Reset Selection

 

Question 13 of 30

1.0 PointsCodifiable knowledge means that: A. It can be written down

 B. It can be replicated at no cost

 C. It complies with local laws and regulations

 D. It cannot be demonstrated

Reset Selection

 

Question 14 of 30

1.0 PointsIn recent decades, the conventional wisdom concerning vertical integration has been: A. Vertical integration reduces risk

 B. Outsourcing enhances flexibility and allows firms to focus on their core capabilities

 C. Outsourcing to low-wage countries is essential for western companies to remain cost competitive

 D. Coordination can be achieved by alliances

Reset Selection

 

Question 15 of 30

1.0 PointsOne key strategic challenge for fuel cell developers in the automobile industry is: A. There is not enough political backing from Government

 B. They lack financial resources

 C. They need the cooperation of many other specialised players

 D. The technology is not yet fuel-efficient

Reset Selection