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BUS 475 EXAM 1 ,2 AND FINAL EXAM BUNDLE LATEST ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS $17.99   Add to cart

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BUS 475 EXAM 1 ,2 AND FINAL EXAM BUNDLE LATEST ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS

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BUS 475 EXAM 1 ,2 AND FINAL EXAM BUNDLE LATEST ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS

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  • September 25, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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BUS 475 EXAM 1 ,2 AND FINAL EXAM BUNDLE LATEST ACTUAL
QUESTIONS AND CORRECT DETAILED ANSWERS
business unit strategy - ANSWER: the search for competitive advantage within a
single industry, market, or line of business

corporate strategy - ANSWER: the search for value and competitive advantages
through participation in several different industries and markets

vertical integration - ANSWER: movement into adjacent markets by a firm along its
own value chain

backward integration - ANSWER: movement of a firm along its own value chain in
the direction of raw materials

forward integration - ANSWER: movement of a firm along its own value chain in the
direction of sales, service, or warranty operations

horizontal diversification - ANSWER: the movement into an adjacent or unrelated
market that is not along a firm's own value chain

single business - ANSWER: a firm earning more than 95% of the revenues from a
single line of business

dominant vertical business - ANSWER: a firm that earns more than 70% of its
revenue from its main line of business and the rest from businesses located along
the value chain

dominant business - ANSWER: a firm that earns more than 70% of revenue from its
main line of business and the remainder from other lines across different value
chains

related-constrained diversification - ANSWER: a firm that earns less than 70% of its
revenue from its main line of business and its other lines of business share product,
technological, and distribution linkages with the main business

unrelated diversified firm - ANSWER: competes in product categories and markets
with few, if any, links between them

adjacent market - ANSWER: a market or industry that is closely related to markets or
industries a firm currently competes in

slack - ANSWER: unused resource capability

, economy of scope - ANSWER: activities where the average cost of producing two
different products is less when delivered together than separately

management skill - ANSWER: the individual and collective abilities of a firm's
management team to engage in value-creating activities

synergy - ANSWER: action between different elements of a system that creates more
value together than the elements create separately

core competencies (shared knowledge) - ANSWER: collective knowledge that can be
distributed throughout the organization to create value

business model - ANSWER: a method to enable the creation and exchange of value
between companies and their customers

dominant logic - ANSWER: a conceptualization of a business, or a set of rules for
competition, that applies to seemingly unrelated product markets or industries

internal capital market - ANSWER: the movement of funds, talent, or knowledge
from unit to unit directed by the leaders of the firm

hubris - ANSWER: excessive pride, arrogance, or overconfidence

sunk cost fallacy - ANSWER: the belief of managers that investment in a failed
acquisition must continue because significant amounts have already been invested

greenfield entry - ANSWER: entry into an adjacent market by a firm that opens its
own operations

acquisition - ANSWER: the purchase of another company or its assets

due dilligence - ANSWER: the process whereby managers closely examine the target
firm to understand its core processes, strengths, and weaknesses

takeover - ANSWER: an acquisition where the acquiring firm absorbs the target firm,
which ceases to exist

merger - ANSWER: an acquisition with the goal of creating a new firm from the
components of the two pre-acquisition firms

integration team - ANSWER: a group of individuals from different functional areas of
an acquiring firm that coordinate and manage the integration of the target company
after the acquisition has closed

bury, build, blend, bolt on - ANSWER: The four B's of integration strategy

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