Target Has Been Able to Flourish in Locations with Wal-Mart

question 23

Multiple Choice

Target has been able to flourish in locations with Wal-Mart stores because

• A) Wal-Mart has suffered from the inertia that comes with long success and reliance on the same core competencies.
• B) Target is using a focused cost-leadership strategy and has a much narrower competitive scope than Wal-Mart.
• C) Target is able to offer lower prices than Wal-Mart through capturing more value in the value chain.
• D) Target uses an integrated cost leadership/differentiation strategy and appeals to a different customer than does Wal-Mart.

Comprehend the concept of dumping in international trade.

Recognize the production locations of major international brands.

Know the currency used across the European Monetary Union.

Grasp the principles of domestic production versus importation based on cost-efficiency.

---

Definitions:

Goal Attainment

The process of setting, pursuing, and achieving objectives, often used as a measure of success or progress.

Intergroup Bias

The tendency to favor one's own group over other groups in judgment or treatment.

Self-Esteem

The degree to which a person has a positive self-evaluation.

Locus of Control

A psychological concept referring to an individual's belief about the extent of control they have over events in their lives, which can be internal (believing they have control) or external (believing that outside forces have control).