100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Strategic Management Concepts and Cases Competitiveness and Globalization 11th Edition by Michael A. Hitt - Test Bank £20.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Strategic Management
  4.  
  5. Strategic Management
  6.  
  7. Strategic Management

Exam (elaborations)

Strategic Management Concepts and Cases Competitiveness and Globalization 11th Edition by Michael A. Hitt - Test Bank
 0 purchase

Strategic Management Concepts and Cases Competitiveness and Globalization 11th Edition by Michael A. Hitt - Test Bank

Preview 4 out of 670  pages

Document information

  • December 24, 2023
  • 670
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

All documents for this subject (349)

Seller

avatar-seller
evileye251

Reviews received

Content preview

,True / False
1. Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating
strategy.
a. True
b. False

ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 4
LEARNING OBJECTIVES: STMA.HITT.15.01.01 - 01.01
NATIONAL STANDARDS: United States - BUSPROG Reflective
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Knowledge
NOTES: AACSB: Analytic | DISC: Strategy | Bloom: Knowledge

2. Alligator Enterprises has earned above-average returns since its founding five years ago. Since no other firm has
challenged Alligator in its particular market niche, the firm's owners can feel secure that Alligator has established a
competitive advantage.
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Hard
REFERENCES: 5
LEARNING OBJECTIVES: STMA.HITT.13. - 1.4
NATIONAL STANDARDS: United States - BUSPROG Reflective
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Application
NOTES: AACSB: Analytic | DISC: Strategy | Bloom: Application

3. The goal of strategic management is to develop a competitive advantage that is permanent.
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 5
LEARNING OBJECTIVES: STMA.HITT.13. - 1.4
NATIONAL STANDARDS: United States - BUSPROG Reflective
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Knowledge
NOTES: AACSB: Reflective Thinking | DISC: Strategy | Bloom: Comprehension

,4. Risk in terms of financial returns reflects an investor's uncertainty about economic gains or losses that will result
from a particular investment.
a. True
b. False

ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 5
LEARNING OBJECTIVES: STMA.HITT.13. - 1.4
NATIONAL STANDARDS: United States - BUSPROG Reflective
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Knowledge
NOTES: AACSB: Analytic | DISC: Strategy | Bloom: Knowledge

5. Average returns are returns in excess of what an investor expects to earn from other investments with a similar
amount of risk.
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 5
LEARNING OBJECTIVES: STMA.HITT.13. - 1.4
NATIONAL STANDARDS: United States - BUSPROG Reflective
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Knowledge
NOTES: AACSB: Analytic | DISC: Strategy | Bloom: Knowledge

6. Returns can only be measured in accounting terms such as return on assets, return on equity, or return on sales.
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 5
LEARNING OBJECTIVES: STMA.HITT.13. - 1.4
NATIONAL STANDARDS: United States - BUSPROG Reflective
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Knowledge
NOTES: AACSB: Analytic | DISC: Strategy | Bloom: Knowledge

, 7. Economies of scale and huge advertising budgets are just as effective in the new competitive landscape as they
were in the past, but they must be reinforced by strategic flexibility.
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Hard
REFERENCES: 7
LEARNING OBJECTIVES: STMA.HITT.13. - 1.4
NATIONAL STANDARDS: United States - BUSPROG Reflective
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Knowledge
NOTES: AACSB: Analytic | DISC: Strategy | Bloom: Knowledge

8. The two primary drivers of hypercompetition are the emergence of the global economy and technology.
a. True
b. False

ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 8
LEARNING OBJECTIVES: STMA.HITT.13. - 1.4
NATIONAL STANDARDS: United States - BUSPROG Technology
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Knowledge
NOTES: AACSB: Analytic | DISC: Strategy | Bloom: Knowledge

9. The rate of technology diffusion has been steadily increasing over the last two decades.
a. True
b. False

ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 11
LEARNING OBJECTIVES: STMA.HITT.13. - 1.4
NATIONAL STANDARDS: United States - BUSPROG Technology
STATE STANDARDS: United States - NJ - DISC: - Information Technologies
United States - AK - DISC: Motivation Concepts - Motivation Concepts
KEYWORDS: Bloom's: Knowledge
NOTES: AACSB: Technology | DISC: Information Technologies | Bloom: Knowledge

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 evileye251. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £20.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

CLEP BIOLOGY STUDY GUIDE COMPLETE QUESTIONS

£20.49
  • (0)
Add to cart
Added