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WPC 480 Midterm Exam Questions and Answers
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WPC 480 Midterm Exam Questions and Answers
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WPC 480 Midterm Exam Questions andAnswers
strategic iicompetitiveness ii- iiAnswers ii-achieved iiwhen iia iifirm iisuccessfully iiformulates
iiand iiimplements iia iivalue iicreating iistrategy
strategy ii- iiAnswers ii-an iiintegrated iiand iicoordinated iiset iiof iicommitments iiand iiactions
iidesigned iito iiexploit iicore iicompetencies iiand iigain iia iicompetitive iiadvantage
competitive iiadvantage ii- iiAnswers ii-when iia iifirm iiimplements iia iistrategy iithat iicreates
iisuperior iivalue iifor iicustomers iiand iithat iicompetitors iiare iiunable iito iiduplicate iior iifind
iiit iitoo iicostly iito iitry iito iiimitate
above-average iireturns ii- iiAnswers ii-returns iiin iiexcess iiof iiwhat iian iiinvestor iiexpects iito
iiearn iifrom iiother iiinvestments iiwith iia iisimilar iiamount iiof iirisk
risk ii- iiAnswers ii-an iiinvestor's iiuncertainty iiabout iithe iieconomic iigains iior iilosses iithat
iiwill iiresult iifrom iia iiparticular iiinvestment
average iireturns ii- iiAnswers ii-returns iiequal iito iithose iian iiinvestor iiexpects iito iiearn
iifrom iiother iiinvestments iiwith iia iisimilar iiamount iiof iirisk
strategic iimanagement iiprocess ii- iiAnswers ii-full iiset iiof iicommitments, iidecisions iiand
iiactions iirequired iifor iia iifirm iito iiachieve iistrategic iicompetitiveness iiand iiearn iiabove-
average iireturns
hypercompetition ii- iiAnswers ii-competition iithat iiis iiexcessive iisuch iithat iiit iicreates
iiinherent iiinstability iiand iinecessitates iiconstant iidisruptive iichange iifor iifirms iiin iithe
iicompetitive iilandscape
global iieconomy ii- iiAnswers ii-one iiin iiwhich iigoods, iiservices, iipeople, iiskills iiand iiideas
iimove iifreely iiacross iigeographic iiborders
strategic iiflexibility ii- iiAnswers ii-a iiset iiof iicapabilities iiused iito iirespond iito iivarious
iidemands iiand iiopportunities iiexisting iiin iia iidynamic iiand iiuncertain iicompetitive
iienvironment
resources ii- iiAnswers ii-inputs iiinto iia iifirm's iiproduction iiprocess, iisuch iias iicapital
iiequipment, iithe iiskills iiof iiindividual iiemployees, iipatents, iifinances iiand iitalented
iimanagers
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