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BSG Final Exam Review questions and answers rated A+ 2025/2026
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BSG Final Exam Review questions and answers rated A+ 2025/2026
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BSG Final Exam ReviewA organization's approach - ANSRepresents managerial dedication to undertake one set of
moves in place of any other in an effort to compete efficiently and reap appropriate
performance outcomes
Which of the following questions enables distinguish a prevailing strategy from a mediocre or
losing approach - ANSIs the method helping the organization obtain a sustainable
aggressive gain and is it resulting in goo organisation performance?
In crafting a employer's strategy - ANSManagers need to give you some one-of-a-kind "aha"
high-quality that is going beyond simply attracting client attention however that, more
importantly, delivers what consumers perceive as superior cost and converts them in to
dependable customers
A corporation's approach is a "work in development" and evolves over the years because of
- ANSThe want to react and reply to converting market and competitive situations and
ongoing control efforts to improve this or that piece of the approach
It is ordinary for a employer's strategy to turn out to be being - ANSA blend of proactive
actions to enhance the employer's competitiveness and economic performance and
as-wanted reactions to unanticipated tendencies and sparkling marketplace conditions
The essential factors of a organization's business version are - ANSIt's income proposition
or "earnings formula" and its patron cost proposition
Which of the subsequent isn't a frequently used strategic approach to putting a enterprise
apart from opponents, delivering superior cost, achieving competitive benefit, and converting
consumers into loyal customers? - ANSStriving to be extra profitable than opponents and
aiming for a competitive side based totally on bigger income margins
A enterprise's approach can be considered "ethical" - ANSIf it does now not entail moves or
behaviors that move the ethical line from "must or can do" to "ought to no longer do"
Which of the subsequent isn't always some thing to look for in identifying a enterprise's
approach? - ANSActions to reinforce the compay's credit score and stock charge
The difference between a agency's method and a organisation's business version is that -
ANSStrategy relates extensively to a enterprise's aggressive actions and enterprise tactics
(which might also or may not cause profitability) at the same time as its commercial
enterprise version relates to whether the business enterprise can execute its purchaser
value proposition profitably
, There are many routes to aggressive benefit, but all of them involve - ANSProviding buyers
with what they understand as advanced price compared to the services of rival dealers
Which of the subsequent statements about a agency's method is false? - ANSWell-crafted
business enterprise strategies hardly ever need to be changed until one or greater vital rival
corporations launch surprising strategic tasks that endanger the enterprise's approach
long-time period profitability
The consumer price proposition part of a business enterprise's enterprise model issues -
ANSThe employer's technique to enjoyable client wishes and necessities at a rate they'll do
not forget a very good price
How well a organization performs and the diploma of market success it achieves are without
delay as a result of - ANSThe quality of its approach and the proficiency with which the
strategy is carried out
In endeavoring to craft a method this is ethical, agency mangers - ANSHave to consider now
not only whether or not all the diverse approach elements are in the bounds of what is
criminal; and in compliance with winning governmental policies and regulations however
additionally whether all the numerous factors of the corporation's method can skip the take a
look at of moral scrutiny
Developing a strategic imaginative and prescient for a agency entails - ANSPrescribing a
strategic direction for the organization to pursue in growing and strengthening its business —
a strategic vision lays out the ocmpany's strategic direction in making ready for the destiny
Which one of the following questions is not something agency managers need to take into
account in thinking strategically about their organisation's directional course and growing a
strategic imaginative and prescient? - ANSWhat commercial enterprise procedures and
working practices ought to we bear in mind in seeking to put in force and execute our
enterprise model?
Which of the following is the quality instance of a well-said strategic objective? - ANSWithin
2 years, acquire fees per unit sold that are 10% beneath the modern-day industry average of
$4.25 according to unit
Business method, as wonderful from company strategy, issues - ANSThe movements and
methods being hired to provide successful performance in one precise line of commercial
enterprise
Which one of the following statements approximately the traits of nicely-said goals is fake? -
ANSWell-said objectives have to comprise sufficient wiggle room to allow for the prevalence
of unexpected situation that block success of the goal
Functional place srategies - ANSConcern the moves, processes, and practices to be hired in
managing unique functions or enterprise tactics or key activities within a commercial
enterprise
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