Business Strategy Bundled Exam Questions and CORRECT Answers

corporate strategy - The decisions made and goal oriented actions to gain a sustainable competitive advantage in several industries and markets simultaneously goals of corporate strategy - growth: -Increase profits -Decrease costs -Market power -Risks -Motivate Management mergers - The joi...

What is business strategy about - it is about choices, choices on how to compete and choices on where to compete (what our competitive game plan will be) Strategy - integrated set of choices that positions a firm in its industry so as to generate superior financial returns (value) over the long...

Strategic management process - The full set of commitments, decisions, and actions required for a firm to achieve strategic competitiveness and earn above-average returns. Cost Leadership - Producing standardized products or services at costs below those of competitors Differentiation - Manufa...

Karen, the manager of a new pet grooming company, makes sure her grooming salon always has plentiful treats and toys for the animals as well as beverages and snacks for their owners to ensure a quality customer service experience. This is an example of the _______ element of management. A. ser...

Business Strategy Midterm (3) PASSED Exam Questions and CORRECT Answers According to the value-price-cost framework, deploying a differentiation strategy involves costs that might well exceed those of the average competitor, but with a successful differentiation strategy, that disadvantage is...

Business Strategy Midterm (3) UPDATED Exam Questions and CORRECT Answers In which of the following instances is the rivalry among competing sellers generally weaker? - Correct ANSWER- When there are so many rivals that any one company's actions have little direct impact on the businesses of r...

Business Strategy- Exam 1 UPDATED Exam Questions and CORRECT Answers Does Apple's strategy seem to set it apart from rivals? - Correct ANSWER- by providing exciting new products that are beautifully designed, technologically advanced, easy to use, and sold in appealing stores that offer a fu...

Business Strategy UPDATED Questions and CORRECT Answers A plan to achieve competitive advantage is - CORRECT ANSWER- a company's business strategy What are the four key choices to formulating a strategy? - CORRECT ANSWER- 1) Markets to pursue 2) Unique value to offer the customers 3) R...

Business Strategy UPDATED ACTUAL Questions and CORRECT Answers Strategy - CORRECT ANSWER- A Company's plan to gain, sustain, a competitive advantage in the marketplace Competitive Advantage - CORRECT ANSWER- when the strategy can consistently generate above average profits 4 Key strategic...