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MGMT 498 8 Exam Questions With 100% Correct Answers
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MGMT 498 8 Exam Questions With 100% Correct Answers Amazon's explosive success is largely due to which of the following? (Check all that apply.) diversification vertical integration When a business answers the question of where to compete, it is determining ___. corporate strategy In ...

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  • May 19, 2024
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  • 2023/2024
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MGMT 498 8 Exam Questions With 100%
Correct Answers
Amazon's explosive success is largely due to which of the following? (Check all that apply.)
diversification
vertical integration


When a business answers the question of where to compete, it is determining ___.
corporate strategy


In order for a firm to lower costs, it must ______.
grow


Which of the following terms describes the strengths that allow a firm to distinguish itself from the
competition?
core competencies


______ costs are all of the costs associated with an economic exchange.
Transaction


Amazon's continued focus on ______ is a key to its ongoing success.
innovation


__ strategy involves the decisions that senior management makes and the goal-directed actions it
takes to gain and sustain competitive advantage in several industries and markets simultaneously.
Corporate


Which of the following is an example of the principal-agent problem even when the principal's goal is
to create shareholder value?
a manager flying first class on all business trips


Which of the following are among the reasons firms need to grow? (Check all that apply.)
to increase profits
to motivate management


Which of the following are alternatives on the make-or-buy continuum? (Check all that apply.)
equity alliances
joint ventures


Which of the following describes economies of scope?
the savings from producing two or more outputs at less cost than producing each output individually


Transaction costs include ______ costs associated with an economic exchange.
the internal and external

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