Exam (elaborations)
BUSA Practice Quiz Questions And Answers 2024/2025
- Course
- Institution
BUSA Practice Quiz Questions And Answers 2024/2025
[Show more]
Content preview
BUSA Practice Quiz Questions And Answers2024/2025
The I/O model assumes that the uniqueness of a firm's resources and capabilities is its main source of above-average
returns (T/F) ANS✔✔ False
A Firm has achieved ______ when it successfully formulates and implements a value-creating strategy ANS✔✔ A:
Strategic Competitiveness
Which of the following elements of strategy entail specifying the speed and sequence of strategic moves? ANS✔✔ A:
Staging
In order to cope with hyper-competition, firms need to develop _______ through continuous learning ANS✔✔ A:
Strategic flexibility
All of the following are assumptions of the resource-based model except: ANS✔✔ A: Capabilities are highly mobile
across firms
Which of the following refers to a bundle of resources that allow a company to perform a task or an activity in an
integrative manner? ANS✔✔ A: A capability
Which of the following is an integrated and coordinated set of commitments and actions designed to exploit core
competencies and gain a competitive advantage? ANS✔✔ A: Strategy
Which of the following criteria for assessing the effectiveness of a strategy entails addressing whether the management
team is capable and willing to lead the required changes? ANS✔✔ A: Risk
Business-level strategies detail commitments and actions taken to provide value to customers and gain competitive
advantage by exploiting core competencies in ANS✔✔ A: Specific product markets
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Schoolflix. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78252 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now