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GEB 4890 Mid Term Questions with Correct Answers.
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GEB 4890 Mid Term Questions with Correct Answers.
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GEB 4890 Mid Term Questions with Correct Answers1. Which of the following best defines core competencies in a business
context? Correct Answer-Unique strengths that enable a firm to
differentiate itself
A professional service firm has been experiencing high turnover rates
among its employees, leading to disruptions in productivity and
increased recruitment costs. To address this issue, the HR department is
exploring strategies to improve employee retention. Which of the
following options would NOT be most effective in helping the firm
better manage retention among its employees? Correct Answer-
Increasing salaries, bonuses, and offering incentives to top-performing
employees.
1. You were not invited to a birthday party. However, you are not
bothered at all because you studied VRIO and at the next social
gathering that you are invited to, all of the following would apply
EXCEPT: Correct Answer-Your absence is a common occurrence
among their social circles.
1. Which of the following will directly increase the bottom line in your
simulation? Correct Answer-Higher Price
Based on class discussion, which modes of diversification has Neuralink
engaged in? Correct Answer-Internal development of patents for chip
product
, 1. Walmart would most likely agree with which of the following
simulation takeaways? Correct Answer-Making a profit is challenging
when charging lower prices
Failed simulation groups that attempted to offer maximum features and a
low price but were squeezed struggled with which strategy? Correct
Answer-Hybrid
Which of the following is False: Correct Answer-Based on our in-class
blind taste tests, branded products were clearly differentiated from
private labels or store-owned products
Truths from 8 Correct Answer-Coca Cola and Pepsi are in a war about
everything except price.
In collaboration with consulting firm McKinsey, a subcommittee created
a unified 11-digit barcode for product identification.
Jobs combined three products into one device with the iPhone
introduction
At Build-A-Bear Workshop, customers enjoy an interactive process of
designing and assembling teddy bears. Build-A-Bear customers are
willing to pay a premium price because they receive a unique, hands-on
experience rather than simply buying a stuffed toy is an example of:
Correct Answer-Focused Differentiation
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