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TMP 120 UCSB LATEST QUESTIONS WITH CORRECT ANSWERS
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  • TMP 120 UCSB

Important for start ups and established firms - ️️-choose where to compete -uses available resources wisely -time is critical -Increase or decrease risk and value Income statement - ️️-measure a businesses profitability -what is made and sold in the period - profit minus expenses equa...

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  • October 17, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • tmp 120 ucsb

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  • TMP 120 UCSB
  • TMP 120 UCSB

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TMP 120 UCSB
Important for start ups and established firms - ✔️✔️-choose where to compete
-uses available resources wisely
-time is critical
-Increase or decrease risk and value

Income statement - ✔️✔️-measure a businesses profitability
-what is made and sold in the period
- profit minus expenses equals net profit
- Does not tell you when a firm receives cash or how much cash is on hand

Strategy - ✔️✔️Creates a unique sustainable competitive advantage

Common elements of strategy - ✔️✔️1. Long term + Consistent Goals
2. Deep understanding of the competitive environment
3. Objective assessment of resources and capabilities
4. Effective execution

Strategy aim - ✔️✔️creating value

2 key Questions for strategy - ✔️✔️a. How to compete?
b. Where to compete?

Competitive Advantage happens when - ✔️✔️a firm possess an advantage over its
rivals when it earns or has the potential to earn a peristyle higher rate of profit


PESTEL - ✔️✔️Political
Economic
Sociocultural
Technological
Environmental
Legal

SWOT - ✔️✔️Strength
Weaknesses
Opportunities
Threats

Porter's 5 forces - ✔️✔️Bargaining power of suppliers
Threat of new entrants
Bargaining power of customers
Intensity of competitive rivalry

, Threat of substitute products

5C analysis (marketing analysis) - ✔️✔️Company
Competitors
Customers
Collaborators
Climate

Environmental analysis - ✔️✔️is a strategic tool. It is a process to identify all the
external and internal elements, which can affect the organization's performance. The
analysis entails assessing the level of threat or opportunity the factors might present.
(overall business world)

Industry analysis - ✔️✔️Focuses on the firm's competitors who are producing similar
products

3) Resources and Capabilities - ✔️✔️

Value chain - ✔️✔️company infrastructure / HR/ operations / logistics - the sum of the
chain expresses the companies advantage

Primary activities - ✔️✔️typically discreet functions

support activities - ✔️✔️part of each discreet function; which activities are profitable?
add most value?


Balance sheet - ✔️✔️-"snapshot" of company financial health on one date
-reports what the company: "has today" (assests) = "owes today" (liabilities) + "worth
today" equity
-easy to see how much working capital a company has

Cash Flow statement - ✔️✔️-tracks how cash moves through the business over time
-shows: cash on hand at the start of the period
-plus: Cash received over the period
-minus: cash spent in the period
-equals: cash on hand at the end of the period

Statement of owner's equity - ✔️✔️changes in your equity balance during the period

Liquidity Ratios - ✔️✔️Company's short term ability to pay its debt as it becomes due

Profitability Ratios - ✔️✔️Company's success or failure in generating profit

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