Bowman’s strategic clock

BMIS – L1 – SA – Q7.5 – Competitive advantage

Conditions for successful focused differentiation strategy

Question

According to Bowman’s strategic clock, what conditions should apply for an entity to pursue successfully a strategy of focused differentiation?
A The product should have high added value, with a high price
B The product should have standard or average added value, with a high price
C The product should have high added value, with an average price
D The product should have standard or average added value, with an average price

Answer

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Tags: Added value, Bowman’s strategic clock, Competitive strategy, Focused differentiation, Pricing
Level: Level 1

Topic: Competitive advantage and strategic direction

BMIS – L1 – SA – Q7.2 – Competitive advantage

Bowman’s strategic clock on pricing and perceived benefits

Question

According to Bowman’s strategic clock, a strategy of reducing the price of a product below the average and increasing the perceived benefits so that these are above average is a:

A focused differentiation strategy

B low price strategy

C hybrid strategy

D differentiation strategy

Answer

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Tags: Bowman’s strategic clock, Competitive advantage, Differentiation, Hybrid strategy, Pricing Strategy
Level: Level 1

Topic: Competitive advantage and strategic direction

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Conditions for successful focused differentiation strategy

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Bowman’s strategic clock on pricing and perceived benefits

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Conditions for successful focused differentiation strategy

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Bowman’s strategic clock on pricing and perceived benefits

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