10. The driving forces of Information Revolution, Globalization, and Technology resulted in Hallmark's modifying its traditional greeting card business strategy. What type of strategy implication does this describe?

• Reduced need for physical assets
• Vanishing distance
• Compressed time
• Continual change

21. Matsushita's strategic approach when competing in the global consumer electronics business is to continuously make the new products sold by its competitors even better. What type of competitive strategy is Matsushita executing?

• Defender strategy
• Focus strategy
• Analyzer strategy
• Prospector strategy

22. The manufacturing function can help a firm implement a competitive strategy by increasing the volume of production of standardized products. Which of the following scenarios would utilize this implementation approach?

• Huawei Technologies implementing an analyzer strategy for markets outside its home-base of China
• 3M's industrial tape unit implementing a defender strategy to maintain its position in the market
• Texas Instruments implementing a cost leadership strategy
• Neiman Marcus implementing a "total shopping experience" differentiation strategy

25. India Cements goes through a rapid expansion by acquiring other cement companies and then changes its corporate strategy and begins to consolidate its current operations. Which corporate strategy did the firm change to?

• Stability strategy
• Diversification strategy
• Growth strategy
• Renewal strategy