WPC 480 MIDTERM EXAM SET QUESTIONS |GUARANTEED ACCURATE ANSWERS
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Course
Wpc 480
Institution
Wpc 480
All of the following were traditional sources of competitive advantage EXCEPT:
a. labor costs.
b. access to financial resources.
c. protected markets.
d. a highly educated labor market. - ACCURATE ANSWERS d
Customer loyalty programs such as airline frequent flyer miles are an attempt to:
a...
WPC 480 MIDTERM EXAM SET
QUESTIONS |GUARANTEED
ACCURATE ANSWERS
All of the following were traditional sources of competitive advantage
EXCEPT:
a. labor costs.
b. access to financial resources.
c. protected markets.
d. a highly educated labor market. - ACCURATE ANSWERS✔✔ d
Customer loyalty programs such as airline frequent flyer miles are an
attempt to:
a. decrease competitors' access to distribution channels.
b. develop a cost advantage independent of scale.
c. increase customers' switching costs.
d. overcome the perishability of the hotel "product." - ACCURATE
ANSWERS✔✔ c. increase customers' switching costs
A cost leadership strategy provides goods or services with features that
are:
a-acceptable.
b-unique.
c-substandard.
,d-mediocre. - ACCURATE ANSWERS✔✔ a-acceptable
Valuable capabilities allow the firm to:
a. exploit opportunities in its external environment.
b. neutralize threats in its internal environment.
c. exploit opportunities or neutralize threats in its external environment.
d. neutralize opportunities in its internal environment. - ACCURATE
ANSWERS✔✔ c- exploit opportunities or neutralize threats in its
external environment
6. Organizational stakeholders include:
a. unions.
b. host communities.
c. employees.
d. suppliers of capital. - ACCURATE ANSWERS✔✔ c- employees
Competitive rivalry has more effect on a firm's __________ strategies
than the firm's other strategies.
a. business-level
b. corporate-level
c. acquisition
d. international - ACCURATE ANSWERS✔✔ a- business level
Capabilities that other firms cannot develop easily are classified as:
,a. costly to imitate.
b. rare.
c. valuable.
d. nonsubstitutable. - ACCURATE ANSWERS✔✔ a- costly to imitate
9. Capital market stakeholders include:
a. industry competitors.
b. shareholders.
c. employees.
d. government regulators. - ACCURATE ANSWERS✔✔ b-
shareholders
10. The firm's capability will NOT be costly to imitate when
it__________
a. was developed under a unique historical condition
b. was developed under ambiguous causes
c. is very rare
d. reflects social complexity - ACCURATE ANSWERS✔✔ c- is very
rare
The final responsibility for forming the firm's mission rests with the:
a. CEO.
b. mid-level managers.
c. employees.
, d. stakeholders. - ACCURATE ANSWERS✔✔ a- ceo
12. When capabilities serve as a source of competitive advantage for a
firm over its rivals, the firm has created a(n):
a. strategic mission.
b. inspiring vision.
c. core competence.
d. sustainable market niche. - ACCURATE ANSWERS✔✔ c- core
competence
14. The increasing economic interdependence among countries and their
organizations as reflected in the flow of goods and services, financial
capital, and knowledge across country borders is defined as:
a. hypercompetition.
b. boundaryless retailing.
c. strategic intensity.
d. globalization. - ACCURATE ANSWERS✔✔ d- globalization
15. A key purpose of a vision and mission statement is to inform
_________ what a firm is, what it seeks to accomplish, and who it seeks
to serve.
a. CEOs
b. stakeholders
c. regulators
d. former employees - ACCURATE ANSWERS✔✔ b- stakeholders
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