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Oracle Narrative Reporting 2021 Implementation Essentials

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In accordance with Michael E Porter's generic strategies model, a firm with a broad competitive scope that has high sales volume, low margins, and efficient supply and
distribution channels will most likely choose a
A. Differentiation strategy.
B. Cost leadership strategy.
C. Focused differentiation strategy.
D. Cost focus strategy.
Answer: B
Cost leadership is the generic strategy favored by firms that seek competitive advantage through lower costs and that have a broad competitive scope. Such a firm can earn higher profits than its competitors at the industry average price or charge a lower price to increase market share. The typical firm that follows a cost leadership strategy has low profit margins, a high volume of sales, and a substantial market share. Such a firm has efficient supply and distribution channels; is capable of large capital investment; if it is a manufacturer, has strengths in product design and process engineering; and closely supervises its labor force.

Which of the following processes are included in SAP CRM Sales?
There are 3 correct answers to this question.
A. Activity Management
B. Opportunity Management
C. Complaints Management
D. Account and Contact Management
E. Case Management
Answer: A,B,D


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