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GMS 200 Exam Review | Questions And Answers Latest {} A+ Graded | 100% Verified
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GMS 200 Exam Review | Questions And Answers Latest {} A+ Graded | 100% Verified
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GMS 200 Exam Review | Questions And Answers Latest {2024- 2025} A+ Graded | 100%Verified
The key result of achieving competitve advantage is _______
A. An ability to sidestep government regulations.
B. An ability to consistently do something of high value which one's competitors cannot replicate quickly
or do as well.
C. An ability to drive the competition out of business and to make extraordinarily high profits.
D. An ability to establish a monopolistic market position.
E. An ability to dictate consumer needs and preferences. - An ability to consistently do something of high
value which one's competitors cannot replicate quickly or do as well.
__________ is the worldwide interdependence of resource flows, product markets, and business
competition that characterizes the new economy
A. Economic internationalization.
B. International management.
C. Globalization.
D. World interdependence.
E. Cross-cultural business. - International management
The characteristics that are typically associated with entrepreneurs include all of the following EXCEPT:
a. Internal locus of control.
b. High need for achievement.
c. Intolerance for ambiguity.
d. Action orientation.
e. Self-confidence. - Intolerance for ambiguity
, Setting objectives and determining what should be done to accomplish them is the essence of the
management function of __________.
f. Productivity improvement.
g. Controlling.
h. Leading.
i. Organizing.
j. Planning. - j. Planning.
5. Planning facilitates control by defining the objectives and __________.
a. Identifying the specific courses of action to be taken.
b. Creating specialization among the workers.
c. Improving organizational structures.
d. Developing the human resources.
e. Motivating the workers. - a. Identifying the specific courses of action to be taken.
A comprehensive plan of action that identifies long-term direction for an organization and guides
resource utilization to accomplish an organization's goals with sustainable competitive advantage is
known as the __________.
a. Operating philosophy.
b. Strategy.
c. Planning objectives.
d. Operating objectives.
e. Official objectives. - Answer. B.
__________refer(s) to an organization's basic reason for existence in society.
a. Core values.
b. Competitive advantage.
c. Strategic objectives.
d. Mission.
e. Strategic advantage. - d. Mission.
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