Exam (elaborations)
BUS 501 Strategic Management Certificate Final Exam Attempt review fall 2025 | Saylor Academy
- Institution
- Saylor Academy
BUS 501 Strategic Management Certificate Final Exam Attempt review fall 2025 | Saylor Academy
[Show more]
Content preview
BUS 501 Strategic Management Certificate Final Exam Attempt review fall 2025 | Saylor AcademyBack to 'Certificate Final Exam\'
Started on Saturday, January 22, 7:07 AM
State Finished
Completed on Saturday, January 22, 8:18 AM
Time taken 1 hour 10 mins
Points 39.00/50.00
Grade 7.80 out of 10.00 (78%)
Question 1
According to Porter's Five Forces model, increasing the number of firms in a market will cause rival
Correct
of the following?
1.00 points out
of 1.00 Select one:
a. Increase
b. Decrease
c. Remain the same
d. Have an indeterminate effect
, Which of the following is one of the three hierarchical levels of strategy?
Select one:
Competition strategy
Question 2 Functional strategy
Correct Market structure strategy
1.00 points out
Profit strategy
of 1.00
Question 3
The North American Industry Classification System (NAICS) was designed primarily to do what?
Correct
1.00 points out
of 1.00
Select one:
Gather and analyze data
Create a list of leading business executives
Tax imports and exports
Improve enforcement under the North American Free Trade Agreement (NAFTA)
, Economists measure the degree of rivalry in an industry by analyzing industry concentration. In a p
the concentration ratio?
Select one:
100%
Question 4 75%
Correct 25%
1.00 points out
0%
of 1.00
Question 5
In a free market economy, which principle determines which firms thrive and survive?
Correct
1.00 points out
of 1.00
Select one:
Opportunity cost
Social engineering
Social welfare
Natural selection
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 smartzone. 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)
64450 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 15 years now