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WPC 480 Final Exam Questions and Answers
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WPC 480 Final Exam Questions and Answers
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WPC 480 Final Exam Questions andAnswers
corporate-level iistrategy ii- iiAnswers ii-specifies iiactions iia iifirm iitakes iito iigain iia
iicompetitive iiadvantage iiby iiselecting iiand iimanaging iia iigroup iiof iidifferent iibusinesses
iicompeting iiin iidifferent iiproduct iimarkets
economies iiof iiscope ii- iiAnswers ii-cost iisavings iia iifirm iicreates iiby iisuccessfully
iisharing iiresources iiand iicapabilities iior iitransferring iione iior iimore iicorporate-level iicore
iicompetencies iithat iiwere iideveloped iiin iione iiof iiits iibusinesses iito iianother iione iiof iiits
iibusinesses
corporate-level iicore iicompetencies ii- iiAnswers ii-complex iisets iiof iiresources iiand
iicapabilities iithat iilink iidifferent iibusinesses, iiprimarily iithrough iimanagerial iiand
iitechnological iiknowledge, iiexperience, iiand iiexpertise
market iipower ii- iiAnswers ii-exists iiwhen iia iifirm iiis iiable iito iisell iiits iiproducts iiabove iithe
iiexisting iicompetitive iilevel iior iito iireduce iithe iicosts iiof iiits iiprimary iiand iisupport
iiactivities iibelow iithe iicompetitive iilevel, iior iiboth
multipoint iicompetition ii- iiAnswers ii-exists iiwhen iitwo iior iimore iidiversified iifirms
iisimultaneously iicompete iiin iithe iisame iiproduct iiareas iior iigeographical iimarkets
vertical iiintegration ii- iiAnswers ii-exists iiwhen iia iicompany iiproduces iiits iiown iiinputs
ii(backward iiintegration) iior iiowns iiits iiown iisource iiof iioutput iidistribution ii(forward
iiintegration)
financial iieconomies ii- iiAnswers ii-are iicost iisavings iirealized iithrough iiimproved
iiallocations iiof iifinancial iiresources iibased iion iiinvestments iiinside iior iioutside iithe iifirm.
synergy ii- iiAnswers ii-exists iiwhen iithe iivalue iicreated iiby iibusiness iiunits iiworking
iitogether iiexceeds iithe iivalue iithat iithose iisame iiunits iicreate iiworking iiindependently
business-level iicooperative iistrategy ii- iiAnswers ii-is iia iistrategy iithrough iiwhich iifirms
iicombine iisome iiof iitheir iiresources iiand iicapabilities iifor iithe iipurpose iiof iicreating iia
iicompetitive iiadvantage iiby iicompeting iiin iione iior iimore iiproduct iimarkets.
complementary iistrategic iialliances ii- iiAnswers ii-are iibusiness-level iialliances iiin iiwhich
iifirms iishare iisome iiof iitheir iiresources iiin iicomplementary iiways iito iicreate iia
iicompetitive iiadvantage.
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