BUSI 412 Final Exam Study Questions Correctly Answered.
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BUSI.
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BUSI 412 Final Exam Study Questions Correctly Answered.
Adaptation - CORRECT ANSWER Global Expansion strategy which causes a firm to adapt to local norms and customs in order to gain relevance and market share
Aggregation - CORRECT ANSWER Achieve global scale by creating a standardized prod...
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BUSI 412 Final Exam Study Questions
Correctly Answered.
Adaptation - CORRECT ANSWER Global Expansion strategy which causes a firm to adapt to local norms
and customs in order to gain relevance and market share
Aggregation - CORRECT ANSWER Achieve global scale by creating a standardized product that will be
appreciated regardless of culture
Arbitration - CORRECT ANSWER Achieve absolute economies by specialization and leveraging
capabilities in different countries (call centers in India, production in China, etc.)
CAGE Framework - CORRECT ANSWER Framework for identifying opportunities for Global Expansion
Cultural Distance - CORRECT ANSWER Difference in cultures and norms between countries
Geographic Distance - CORRECT ANSWER Physical difference between parent firm and target region
Administrative Distance - CORRECT ANSWER Political and legal differences in business practice between
two countries
Economic Distance - CORRECT ANSWER Differences in wealth/income of citizens and business culture
between two countries
Corporate Strategy - CORRECT ANSWER Deciding which businesses to be in (scope) and how to do it
(mode)
`Business Strategy - CORRECT ANSWER How to achieve competitive advantage within a single business
unit
, Functional Strategy - CORRECT ANSWER Strategic steps taken to ensure both business level and
corporate success
Core Ideology - CORRECT ANSWER Consists of Core Values and Purpose. Static and used for envisioning
the impact a firm wants to have. These can never be fulfilled and are meant to be a moving target.
Core Values - CORRECT ANSWER Guiding Principles for a firm
Core Purpose - CORRECT ANSWER Reasons for existence for a firm
Value Created - CORRECT ANSWER Difference between Buyer's WTP and Supplier's Opportunity Cost
Value Captured - CORRECT ANSWER Difference between price and cost of production
Star - CORRECT ANSWER BCG Matrix: Stable/high earning firm which requires investment in order to
grow cash flows further. Small market share in a fast growth market.
Cow - CORRECT ANSWER Stable earnings and cash flows that should be milked. Low market share in a
slowly growing market.
??? - CORRECT ANSWER High market share in a high growth market. Earnings and future profit are hard
to predict, further analyses needed.
Dog - CORRECT ANSWER High market share in a slow growth market. Unstable earnings, need to divest.
BCG Matrix - CORRECT ANSWER Matrix used to evaluate internal capital allocation. While useful for
providing a visual of the firm's holdings, it can create conflict between firms and lead to inaccurate
valuations with no regard for synergies. Firms with many units and holdings such as Vivendi and Google
would utilize this.
Resource Based View - CORRECT ANSWER Framework used to evaluate the potential for resource
synergies and related diversification. Superior Performance=VRIN Analysis
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