BUSI 4940 EXAM 3 QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
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Course
Mgmt
Institution
Mgmt
corporate level strategy - ANS actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets.
Economies of scope - ANS cost savings a firm creates by successfully sharing resources and capabilities or tra...
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WITH CORRECT ANSWERS
ALL VERIFIED BY AN EXPERT
YC
A+ GRADED (LATEST UPDATE)
D
U
ST
, corporate level strategy - ANS actions a firm takes to gain a competitive advantage by
selecting and managing a group of different businesses competing in different product
markets.
Economies of scope - ANS cost savings a firm creates by successfully sharing
resources and capabilities or transferring one or more corporate-level core
competencies that were developed in one of its businesses to another of its businesses.
Corporate-level core competencies - ANS are complex sets of resources and
K
capabilities that link different businesses, primarily through managerial and
technological knowledge, experience, and expertise.
C
Market power - ANS exists when a firm is able to sell its products above the existing
competitive level or to reduce the costs of its primary and support activities below the
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competitive level, or both
Multipoint competition - ANS exists when two or more diversified firms simultaneously
compete in the same product areas or geographical markets.
YC
Vertical integration - ANS exists when a company produces its own inputs (backward
integration) or owns its own source of output distribution (forward integration).
Financial economies - ANS are cost savings realized through improved allocations of
financial resources based on investments inside or outside the firm.
D
Synergy - ANS exists when the value created by business units working together
exceeds the value that those same units create working independently.
U
A corporate-level strategy: - ANS • Is used as a means to grow revenues and profits
ST
• Focuses on diversification
• Is expected to help the firm earn above-average returns by creating value
Corporate level strategy is concerned with 2 issues: - ANS 1. In what product markets
and businesses the firm should compete
2. How corporate headquarters should manage those businesses
Product diversification: - ANS • The scope of the markets and industries in which the
firm competes
• How managers buy, create, and sell different businesses to match skills and strengths
with opportunities presented to the firm
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