Exam (elaborations)
BSG FINAL EXAM (1)
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- RSM100 Midterm 1 Prep
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- RSM100 Midterm 1 Prep
Exam of 5 pages for the course RSM100 Midterm 1 Prep at RSM100 Midterm 1 Prep (BSG FINAL EXAM (1))
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BSG FINAL EXAMSuppliers are powerful when: - ANS-they offer a credible threat of forward integration
In analyzing the demographic segment of the general environment, one typically
examines all of the following factors EXCEPT: - ANS-cultural values
Customers, suppliers, host communities, and unions are examples of capital market
stakeholders - ANS-False
Analyzing the internal environment enables a firm to determine what it CAN DO by
identifying resources, capabilities, and core competencies in the internal organizatio -
ANS-True
Compared to tangible resources, intangible resources are an inferior source of core
competencies - ANS-False
Which of the following is NOT a component of internal analysis leading to competitive
advantage? - ANS-Analysis of supplier power
The generalized forms of value that goods and services provide are either low cost with
acceptable features or highly differentiated features with acceptable cos - ANS-True
The integrated cost leadership/differentiation strategy is superior to the other
business-level
strategies - ANS-False
A risk of the differentiation strategy is that a firm's means of differentiation may cease to
provide value for which customers are willing to pa - ANS-True
A horizontal acquisition involves two firms in the same industry. - ANS-True
The lower the barriers to entry, the more likely firms will use acquisition as a means to
enter a market - ANS-False
Nonequity strategic alliances are formed when one partner owns a much larger (or
inequitable) share of the joint venture than do the remaining partner( - ANS-False
, A nonequity strategic
alliance exists when: - ANS-two or more firms develop a contractual relationship to
share some of their
resources to create a competitive advantage
Procter & Gamble (P&G) has a paper towel and baby diaper business that both use
paper
products. This is an example of value created through the sharing of activiti - ANS-True
An unrelated diversification strategy can create value through two types of financial
economies: (1) efficient internal capital allocations and (2) purchasing other firms,
restructuring their assets, and selling them: - ANS-True
Innovations that move ALONG the curve are "incremental" - ANS-True
Innovation is commercialization of invention - ANS-True
Hedge funds, as part of the market for corporate control, identify a firm that is
underperforming and then invest in it with the goal of improving that firm's performance.
- ANS-True
Generally, a board member who is a source of information about a firm's day-to-day
activities is classified as a(n) __________ director. - ANS-Inside
The firm's mission is more concrete than its vision. - ANS-True
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 - ANS-Stakeholder
EnergyOne wants to install a high-capacity gas pipeline extension in the region.
Shareholders anticipate better delivery of energy at lower costs, which will increase
profitability. State and local governments are expecting increased tax revenue as well
as new jobs in the region during construction of the expansion. Some customers look
forward to lower gas rates as a result of more efficient delivery. Residents of the area,
including customers and environmental groups, are opposed to the pipeline because of
the increased risk for explosion and danger to the surrounding area. If EnergyOne
cannot meet the needs of each stakeholder, what is the most critical way the firm
prioritize them? - ANS-By identifying its level of dependence on each stakeholder
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