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BMGT 350 Exam with complete solutions
BMGT 350 Exam with complete solutions
[Show more]BMGT 350 Exam with complete solutions
[Show more]Firm's theory about how to achieve the firm's goals 
Strategy 
 
 
 
Long-term action plan that is devised to help a company gain a competitive advantage over its rival. 
Strategic Competitiveness 
 
 
 
 
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Add to cartFirm's theory about how to achieve the firm's goals 
Strategy 
 
 
 
Long-term action plan that is devised to help a company gain a competitive advantage over its rival. 
Strategic Competitiveness 
 
 
 
 
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In order to better compare/contrast costs of living in the various environments GNP/GDP may be adjusted to: 
PPP (purchasing power parity) 
 
 
 
Which of the following definitions best defines an expatriate manager? 
A manager who works outside his or her native country 
 
 
 
 
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Add to cartIn order to better compare/contrast costs of living in the various environments GNP/GDP may be adjusted to: 
PPP (purchasing power parity) 
 
 
 
Which of the following definitions best defines an expatriate manager? 
A manager who works outside his or her native country 
 
 
 
 
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What is not strategy? 
benchmarking, operational efficiency, error correction, goals or vision, luck 
 
 
 
strategy 
a firm's theory about how to compete successfully 
 
 
 
 
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Brainpower 
Read Mor...
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Add to cartWhat is not strategy? 
benchmarking, operational efficiency, error correction, goals or vision, luck 
 
 
 
strategy 
a firm's theory about how to compete successfully 
 
 
 
 
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Product 
Anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need 
 
 
 
Service 
an activity, benefit, or satisfaction offered for sale that is essentially intangible and dose not result in the ownership of anything 
 
 
 
 
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Add to cartProduct 
Anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need 
 
 
 
Service 
an activity, benefit, or satisfaction offered for sale that is essentially intangible and dose not result in the ownership of anything 
 
 
 
 
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Who investigates fraud? 
Executive Branch (SEC and other government agencies) 
 
 
 
OIG 
Office of Inspector Generals 
 
 
 
 
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2 Key Staff Members of OIGs 
Assistant IG for ...
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Add to cartWho investigates fraud? 
Executive Branch (SEC and other government agencies) 
 
 
 
OIG 
Office of Inspector Generals 
 
 
 
 
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2 Key Staff Members of OIGs 
Assistant IG for ...
Operational Effectiveness 
performing the same tasks better than rivals perform them 
 
 
 
Strategic positioning 
performing different tasks than your rivals, or performing the same tasks in a different way 
 
 
 
 
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Add to cartOperational Effectiveness 
performing the same tasks better than rivals perform them 
 
 
 
Strategic positioning 
performing different tasks than your rivals, or performing the same tasks in a different way 
 
 
 
 
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1. All of the following are characteristics of a project except 
A. It is temporary 
B. It has a definite beginning and end 
C. It creates a unique product 
D. It repeats itself every month 
Answer: D 
It repeats itself every month 
 
"It repeats itself every month" implies that the whole project ...
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Add to cart1. All of the following are characteristics of a project except 
A. It is temporary 
B. It has a definite beginning and end 
C. It creates a unique product 
D. It repeats itself every month 
Answer: D 
It repeats itself every month 
 
"It repeats itself every month" implies that the whole project ...
Value Proposition 
-What customer problems are you helping to solve? 
-What customer needs are you satisfying? 
 
 
 
Customer Segments 
-Who are your most important customers? 
-What are their archetypes? 
-What job do they want you to get done for them? 
 
 
 
 
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Add to cartValue Proposition 
-What customer problems are you helping to solve? 
-What customer needs are you satisfying? 
 
 
 
Customer Segments 
-Who are your most important customers? 
-What are their archetypes? 
-What job do they want you to get done for them? 
 
 
 
 
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Herb Kelleher 
Southwest Airlines 
 
 
 
Howard Schultz 
Starbucks 
 
 
 
 
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Reed Hastings 
Netflix 
 
 
 
Richard Branson 
Virgin Group 
 
 
 
Mark Zuckerberg 
Facebook 
 
 
 ...
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Add to cartHerb Kelleher 
Southwest Airlines 
 
 
 
Howard Schultz 
Starbucks 
 
 
 
 
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Reed Hastings 
Netflix 
 
 
 
Richard Branson 
Virgin Group 
 
 
 
Mark Zuckerberg 
Facebook 
 
 
 ...
The likelihood of becoming an entrepreneur increases with age due to the gained business experience in corporate job situations. 
F 
 
 
 
You can't start a business without serious venture capital. 
F 
 
 
 
 
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Add to cartThe likelihood of becoming an entrepreneur increases with age due to the gained business experience in corporate job situations. 
F 
 
 
 
You can't start a business without serious venture capital. 
F 
 
 
 
 
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ver-arching attributes 
of entrepreneurial setting 
-Failure 
-Resource scarcity 
-Value creation - how much value? 
-Valuation by means of negotiation 
-Asymmetric information 
-Decision making under uncertainty 
*Markets 
*Assets 
*Company stage (i.e., accomplishments) 
*Founder reputation 
 
 
 
...
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Add to cartver-arching attributes 
of entrepreneurial setting 
-Failure 
-Resource scarcity 
-Value creation - how much value? 
-Valuation by means of negotiation 
-Asymmetric information 
-Decision making under uncertainty 
*Markets 
*Assets 
*Company stage (i.e., accomplishments) 
*Founder reputation 
 
 
 
...
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