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BUSA 4980 Exam 1 Practice Questions And Answers Latest Update
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BUSA 4980 Exam 1 Practice Questions And Answers Latest Update
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Solution 2024/2025Pepper
BUSA 4980 Exam 1 Practice Questions And
Answers Latest Update
Which of the following is a frequently used strategic approach to setting a
company apart from rivals and achieving a sustainable competitive
advantage? ANS✔✔ All of the above
All of the following are assumptions of the industrial organization (I/O)
model except: ANS✔✔ Resources to implement strategies are firm-specific
and attached to firms over the long-term
Which of the following element of strategy specifies the means for attaining
the needed presence in a particular product category, market segment, or
geographic area? ANS✔✔ Vehicles
Which of the following is not one of the five sources of competitive
pressures? ANS✔✔ The power and influence of industry driving forces
The three dimensions of the external environment that affect a firm's
strategic actions are: ANS✔✔ General, industry, and competitor
Which of the following is not one of the segments of the general
environment? ANS✔✔ The size of the pool of likely entry candidates and the
resources at their command
, Solution 2024/2025
Pepper
Which of the following analytical tools is utilized to craft a strategy that
matches the firm's internal resources to the external environment? ANS✔✔
SWOT analysis
Which of the following is not one of the strategic options for remedying a
cost disadvantage? ANS✔✔ Implementing offensive strategies to permit
across-the-board revenue growth
Which of the following best defines a core competence? ANS✔✔ A capability
that serves as a source of competitive advantage for a firm over its rivals
Which of the following business-level strategies involves an integrated set of
actions designed to deliver goods or services that are perceived as unique
and valuable to a wide range of consumers? ANS✔✔ Broad differentiation
The typical risks of a cost leadership strategy include all of the following
except? ANS✔✔ Customers determine that the perception of value has
narrowed
Which of the following is one of the main competitive risks of a focused
strategy? ANS✔✔ The potential for the preferences and needs of niche
members to shift over time toward the product attributes desired by the
majority of buyers
Which of the following best defines competitive rivalry? ANS✔✔ The ongoing
competitive actions and responses between a firm and a rival that affects
the performance of both companies
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