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699 Exam 1 Terms in this set (134) The greater the difference between value creation and cost, the greater a firm's economic contribution & more likely it will gain comp adv. A firm that achieves superior perf relative to other competitors in $7.99
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CIMP - Certificate In Investment Performance Measurement
CIMP - Certificate in Investment Performance Measurement
Exam (elaborations)
699 Exam 1 Terms in this set (134) The greater the difference between value creation and cost, the greater a firm's economic contribution & more likely it will gain comp adv. A firm that achieves superior perf relative to other competitors in
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CIMP - Certificate in Investment Performance Measurement
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CIMP - Certificate In Investment Performance Measurement
699 Exam 1
Terms in this set (134)
The greater the difference between value creation and cost, the greater a firm's economic contribution & more likely it will gain comp adv.
A firm that achieves superior perf relative to other competitors in the SAME ind or the IND AVE has comp ...
The greater the difference between value greater a firm's economic contribution & more likely it will gain comp adv.
creation and cost, the
A firm that achieves superior perf relative to comp adv
other competitors in the SAME ind or the
IND AVE has
Which of the following statements related to While ext. st/h are those who make contributions toward the firm, internal st/h are those
a firm's stakeholders is NOT true? who reap all the benefits.
pay taxes
Stakeholders expect that companies will : provide employment
not pollute the env't
multifaceted
The firm is embedded in a_____ exchange
relationship with a number of _____
diverse int/ext st/hs.
Which of the following is a philanthropic exhibiting corp citizenship, reflecting the notion of voluntarily giving back to society.
responsibility of a firm?
Too Fast Inc., a motorcycle co. is the mkt it has a competitive advantage over the other firms.
leader due to its superior engine tech and
service orientation. The unique qualities
have helped the co. generate revenues that
are consistently higher than other firms in the
same ind.
Which of the following can be concluded
about Too Fast Inc. from this scenario?
In which of the following cases was a co. at a W/out a clear strategic position, Sears tried to be too many things for too many types
major comp adv? of customers.
699 Exam 1
1/7
, 8/9/24, 1:41 PM
EatNow is a Fast-food restaurant that has EatNow will face low profit potential.
recently entered the hospitality ind. Since
most of its competitors are pursuing a low
cost position and doing well, EatNow also
wants to adopt the same strategy.
Which of the following will be a likely
implication of this decision?
Key to a successful strategy is to combine a set of activities to stake out a unique position within an ind.
Competing to be SIMILAR but just a bit cutthroat competition &
better than a competitor is likely to be a low profit potential
recipe for?
Why are black swan events such as They erode the implicit trust between the corp world and society.
accounting scandals and the global financial
crisis perceived as caused by cheap credit
and subprime mortgages offered by
financial institutions, bad for business?
Which of the following statements about A firm's comp adv is always absolute, NOT relative.
competitive advantage is NOT true?
The annual net profit after taxes for Tele Shareholders
Corp, a MNE conglomerate, is 5.5 billion. As
legal owners, which of the following
stakeholder groups has the most legitimate
claim on this profit?
A firm has to ensure that its primary the firm's shareholders and other investors
stakeholders ______achieve their objectives.
To assess comp adv, compare firm benchmark- either the perf of other firms in the same ind or an ind avg.
performance to a ______
Which of the following has contributed to reinvesting profits to continually improve its design and produce better electric
Tesla's comp adv in terms of stock vehicles.
appreciation?
Tesla's capabilities is key to its ability to proprietary technologies secret
achieve a comp adv. Rather than keep its
________, Tesla has made them available to the
public to expand the overall market of
electrical cars.
When an organization briefly describes what mission statement
they do and how they do it, they have more
than likely articulated their
Does not look at the methods to accomplish mission stmt
the customer needs.
Which of the following is NOT true It defines the means of how a customer need will be met.
concerning a customer-oriented mission?
Which of the following questions would a How should we compete?
firm's business strategy ideally answer?
Concerns the question of how to compete Business strategy
(cost-leadership, differentiation, or
integration).
2/7
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