Question 6 As per Grant (1991) framework for strategy formulation, is the third stage: O a. Identify the organization's capabilities O b. Select a strategy which best exploits the organization's resources and capabilities O c. Appraise the rent generating potential of resources and capabilities O d. Identify whether any resource gaps exist Oe. Identify and classify the organization's resources Question 7 A major benefit of following. Oa, Focus Ob. Differentiation O Blue Ocean Od. Overall Cost Leadership Question 7 of 0.66 points strategy within an industry is that it allows an organization to generate above-average profitability even where intense compon Will Save this response. Question 8 A strategy provides the organization with higher margins that enables it to deal more easily with cost pressures from suppliers O a. Differentiation O b. Focus Oc. Stuck in middle Od. Overall Cost Leadership Question 9 Strategy represents a strategic position unoccupied by competitors that has the potential for demand creation and highly profitable growth Oa, Differentiation O b. Overall Cost Leadership Oc. Blue Ocean O d. Focus Question 10 of 34W uestion 10 6.66 points The US giant Walmart, French retailer Carrefour and UK retaller TESCO have all sought to enter new geographical markets with only minimal changes to their product offerings This is a case of O Market penetration Ob Market development O Product development Od. Market enhancoment