Business Capstone Exam Questions 2023 with 100% correct answers
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Course
Capstone
Institution
Capstone
Business Capstone Exam Questions & Answers 2023
While a vision statement describes what the company ultimately wants to become, the mission statement describes the company's ________.
A) competitive advantage
B) external environment
C) enduring purpose
D) social value - ANSWER-C) endurin...
While a vision statement describes what the company ultimately wants to become, the mission
statement describes the company's ________.
A) competitive advantage
B) external environment
C) enduring purpose
D) social value - ANSWER-C) enduring purpose
According to our course material, the strategic management process entails three ongoing, and
integrated, processes. These processes are:
A) analyses, actions, and synthesis.
B) analyses, formulation, and implementation.
C) analyses, evaluation, and critical response.
D) analyses, synthesis, and decision-making - ANSWER-B) analyses, formulation, and implementation
Bobcat Corp. is a leading exercise brand that finds it hard to make as much profit as its competitors. In
order to overcome this, the employees of Bobcat Corp. decide to work harder to provide unique value to
customers and increase the sales of the company. After a year, it is able to make more profits than its
competitors. This scenario best illustrates ________.
, The management of Globo Network Inc., a cell phone company, wants to conduct an overall study of the
company. The top officials want to identify Globo Network's competencies, limitations that the company
needs to improve on, areas of growth, as well as the areas that the company should completely avoid.
The managers feel that this study will help them advance as an organization. This study to be conducted
by the management of Globo Network Inc. can be best categorized as an example of a ________.
A) growth-share matrix
B) SWOT analysis
C) trend analysis
D) PEST analysis - ANSWER-B) SWOT analysis
You are the CEO of a nursing home corporation. Through your studies in Strategic Management you
know that it is important to keep track of the demographic segment of the General Environment. Which
of the following trends would be most informative to you in gathering information from this segment?
A) A greater concern for fitness and healthy living.
B) Increased regulations on driving safety standards.
C) An increase in GDP.
D) The aging of the population. - ANSWER-D) The aging of the population
The companies Aggie Inc. and Longhorn Corp. sell the same product. They constantly try to outdo each
other in terms of resources, price, and customer satisfaction. The companies try to outperform each
other in order to gain customer loyalty and generate more sales. This scenario is an example of
________.
A) rivalry
B) strategic alliances
C) integration
D) partnerships - ANSWER-A) rivalry
The pharmaceuticals industry is a profitable industry. The firms in this industry create barriers to entry
through patents and regulations in order to reduce the threat of new entrants. It also minimizes the
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