WPC 470 MOORE ASU FINAL EXAM
(ACTUAL EXAM) QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2024 ALREADY GRADED A+
The number of employees who directly report to a manager -
ANSWERS-Span of control
An organizational element that describes the degree to which a
task is divided into separate jobs (the division of labor) -
ANSWERS-Specialization
Generic business strategy that seeks to create the same or
similar value for customers at a lower cost - ANSWERS-Cost-
leadership strategy
,Generic business strategy that seeks to create higher value for
customers than the value that competitors create, while
containing costs - ANSWERS-Differentiation strategy
The goal-directed actions managers take in their quest for
competitive advantage when competing in a single product
market - ANSWERS-Business-level strategy
Business level strategy that successfully combines
differentiation and cost-leadership activities using value
innovation to reconcile the inherent tradeoffs - ANSWERS-Blue
ocean strategy
Increases in cost per unit when output increases - ANSWERS-
Diseconomies of scale
Decreases in cost per unit as output increases - ANSWERS-
Economies of scale
Savings that come from producing two or more outputs at less
cost than producing each output individually, despite using the
, same resources and technology - ANSWERS-Economies of
scope
Output range needed to bring down the cost per unit as much
as possible, allowing a firm to stake out the lowest-cost position
that is achievable through economies of scale - ANSWERS-
Minimum efficient scale (MES)
Choices between a cost or value position. Such choices are
necessary because higher value creation tends to generate
higher cost - ANSWERS-Strategic trade-offs
A new product which known components, based on existing
technologies, are reconfigured In a novel way to attack new
markets - ANSWERS-Architectural innovation
An innovation that leverages new technologies to attack
existing markets from the bottom up - ANSWERS-Disruptive
innovation
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