BUS 445 Mid-Term

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primarily natures population characteristics related to age, gender, family size, ethnicity

Demographic trends

A firm that decides to stop purchasing components from suppliers and start producing them in-house is pursuing backward vertical integration. (T/F)

True

a small coffee shop faces significant potential competition. (T/F)

True

Crystals competency in designing an manufacturing microprocessors will be considered

Valuable

Decisions relating to "what stages of the industry value chain to participate in" determines a firm

vertical integration

internet service provider industry

threat of new entrants is low

Allows the scanning, monitoring, and evaluating of changes and trends

PESTEL framework

primarily details the goal-directed actions managers take

Business-level strategy

which the following generic business strategies in Bargain Styles applying

Cost-leadership

which of the following generic business strategies has Beach Grub adopted

Differentiation

"We will produce the greatest film of the 21st century". (T/F)

False

A differentiator will always benefit when products have become commoditized. (T/F)

False

A good strategy is a set of actions that enables a firm to achieve its own internal goals without regards to the external environment. (T/F)

False

Blue ocean strategy a firm in a crowded marketplace attempts to out-compete rivals. (T/F)

False

Competitive advantage goes to the firm that maximizes the difference between the cost of producing a good and the retail price. (T/F)

False

Corporate strategy is focused solely on determining the geographical locations in which the firm should compete. (T/F)

False

Generally speaking a firm will create value if its ROIC is less than cost of capital. (T/F)

False

HR and R&D are examples of primary activities that add value. (T/F)

False

IP protections such as trademarks or patents are proven methods of establishing permeant barriers of imitation. (T/F)

False

Managers should create two sets of core values. (T/F)

False

Once a firm chooses a business model it must stay with it for life. (T/F)

False

One of Rolex's tangible resources is its well-know brand and reputation. (T/F)

False

Product-Oriented vision statement. (T/F)

False

Sleeprite Mattresses. (T/F)

False

high demand for online video streaming options is one of Netflix's core competencies. (T/F)

False

Amazon.com has decided to enter the college bookstore market

Product diversification

Primary objective for Five force model

Profit potential of industries

Bison autos and Sparrow inc incur an equal cost. Sparrow inc created more economic value

Sparrow inc can charge premium price

A cost leader is the firms most likely to survive price war. (T/F)

True

focused differentiated strategy

a cosmetics brand that offers superior skin lotion

Which of the following statements is true of accounting data

accounting data are historical and backward-looking

advantage of bale score card

allows managers to translate a firms vision into measurable operational goals

Home call in, max car inc, nice necessities are three consumer product retailing companies. Products consist of primary day-to-day items

an advantage that one firm has will be short lived

best explained difficulty airlines/ generating profit

are readily available

a firm always has a competitive disadvantage when ROIC

below industry average

strategy for producers is primary about

capturing the economic value

Zephyr Electronics obtains an 18% ROIC

comparing the ROIC obtained by other firms in the industry

which of the following is an implication of low interest rates

consumer demand will increase

VIRO framework, Crocs shoes was unable to sustain a competitive advantage because its products were

easily imitated

Smoothie fusion will best enable it to gain and sustain a competitive advantage

expertise acquired by the employees in the company

Context of resource based model of competitive advantage, if a successful firm exhibits resource immobility

firm will have a sustained competitive advantage

Which of the following statements is true of the balance scorecard

it attempts to provide a holistic perspective

Green jeans strategy failed

it was not backed up with strategic commitment

competitive advantage goes to the firm that achieves the

largest economic value created

the government of Filvia

legal factors

which of the following reasons is strongly influenced by economies of scale

lowering costs

disadvantage of measuring firm performance thorough return to shareholders and firms market capitalization

market volatility

Which of the following motivations for business growth involves principal agents problems

motivating managers

Which of the following strategies is most associated with Best burgers motive for growth

purchasing competitors

investors perspective, measure of competitive advantage matter most in

return on risk capital

if a company wants to gain a competitive advantage in a highly competitive industry it should ideally

stake out a unique position within the industry

Powell lighting maintained a

sustainable competitive advantage

How will this decision affect Banana Computers

the firm will have more flexibility in purchasing and comparing prices of goods and services.

which of the following assets of Gladiator Apparel is most likely to be considered a rare resource

the company design patents

Which of the following is an example of external costs

the cost of searching for a contract manufacturer

value drivers contribute to a firms competitive advantage only if?

the increase in value creations exceeds the increase in cost

firm that operates in an industry where competition is high, which of the following practices will result in inferior performance

trying to be everything to everybody

Product features, customer service, and complements are examples of important

value drivers

primary feature of five force model

views industry competition, buyers, suppliers

Which of the following decisions is Anita most likely to make

what range of products the firm should offer


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Anatomy and Physiology Unit 3 Part 2

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