MGMT 449 || with 100% Accurate Solutions.

General environment correct answers factors external to an industry, and usually beyond a firm's control, that affect a firm's strategy. Demographic segment of the general environment correct answers genetic and observable characteristics of a population, including the levels and growth of age,...

Market concentration/competitive intensity correct answers extent or degree to which a relatively small number of firms account for a relatively large percentage of the market An industry in which market share is "concentrated" in the hands of a few firm is likely to be correct answers less com...

Five Forces Framework correct answers Threat of new entrants Intensity of rivalry Bargaining power of suppliers Bargaining power of buyers Threat of substitutes Attractiveness? Threat of new entrants correct answers • Economies of scale are (significant / insignificant). = High ...

Five forces correct answers Is to understand how to get a bigger slice of the profit potential by positioning the company in part of the market where there is little competition. The unit analysis of this framework is industry. Rivalry Intensity correct answers Intensity of Rivalry is High if... ...

1) Keeping in mind Apple's competitive advantage, which of the following products was introduced by Apple in 2007? A) iPhone B) iTunes C) iPod D) iPad correct answers A) iPhone 2) ________ is best described as a set of goal-directed actions a firm takes to gain and sustain superior perfor...

1. The basic law of demand says that all other things being the same, _______________________. a) The lower the price of a product, the less of it consumers will purchase b) The higher the price of a product, the less of it consumers will purchase c) The lower the price of a product, the more o...

Strategy correct answers A concrete expression of how an organization intends to compete and win in the marketplace How can strategy be expressed? correct answers -Product/market focus -Value proposition -Core activities Generic Strategies correct answers -Broad in nature -Describes general...

Nike has come a long way from its humble beginnings. It has been able to outperform adidas in sales and become the undisputed leader in the athletic shoe and apparel industry. Which of the following statements accurately explains one of the main reasons for Nike's success? A) It made the unorthodo...

Which of the following is a firm effect that has an impact on the competitive advantage of a firm? A) The value and the cost position of the firm relative to its competitors B) The exit barriers within the industry in which the firm operates C) The intensity of rivalry among existing companies in...

Corporate Strategy correct answers The decisions that senior management makes and the goal-directed actions it takes to gain and sustain competitive advantage in several industries and markets simultaneously Transaction Cost Economics correct answers A theoretical framework in strategic managemen...