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BUAD 453 FINAL PRACTICE QUESTIONS AND ANSWERS (100% CORRECT ANSWERS)
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BUAD 453 FINAL PRACTICE QUESTIONS AND ANSWERS (100% CORRECT ANSWERS)
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BUAD 453 FINAL PRACTICEQUESTIONS AND ANSWERS
(100% CORRECT ANSWERS)
Exporting via Local Distributor - Answer-Entering an agreement for a local distributor to
sell goods produced in home market in a new market
Licensing - Answer-Entering an agreement for local manufacturer to produce and sell
goods in a new market
sales operation - Answer-Setting up a sales team in a new market to sell goods
produced in home market
Equity Investment - Answer-Purchase minority stake in an existing firm in a new market,
enter an agreement to work with the firm in that market
joint venture - Answer-Creation of a new entity in a new market with one or more other
firms as joint owners in the new entity
acquisition - Answer-Purchasing a majority stake in an existing firm operating in a new
market
If product is in the decline phase of the lifecycle, what answer is NOT a strategic option
the managers would want to follow?
buy rivals to establish a stronger position
bankruptcy or liquidation
continue supporting the business at a reasonable level
increase investment to maximize profit - Answer-increase investment to maximize profit
Blue Apron's biggest problem related to the product life cycle and the S-curve was ___.
in the introduction phase there were too many competitors with similar business models
not having enough market share in the introduction phase
in the growth phase, Blue Apron decided to focus on supply chain and not customer
acquisition
Blue Apron jumped to the New S-Curve too soon - Answer-in the growth phase, Blue
Apron decided to focus on supply chain and not customer acquisition
Blue Apron's return on assets (ROA) ratio, has declined from 2016 to 2017. Which of
the following statements could explain why this ratio is declining?
, Poor utilization of assets to generate sales
High marketing expenses
Declining efficiency and accuracy at preparing customer orders
Blue Apron's ability to generate profit from its assets has declined
All of these statements are potential causes - Answer-all
When applying the VRIO framework to Blue Apron, which resource/capability most likely
offers a sustained competitive advantage?
Fulfillment center employees
Relationships with farmers
Effective use of social media
Quality control processes - Answer-Relationships with farmers
Refer to the Spotify case in Strategy in 3D. At the time of case (2008) Spotify founders
determine that the music streaming industry is in the _____ phase of the industry life
cycle. In contrast, at the time of the case (2018), Blue Apron is most likely in the _____
phase of the industry life cycle. - Answer-Spotify: introduction ; Blue Apron: growth
Which of the following analytical frameworks is best to assess whether Blue Apron has
any sustained competitive advantages that can be leveraged to address the firm's
strategic challenge? - Answer-VRIO
Which of the following are reasons to conduct a strategic group analysis? (Select all that
apply.)
None of these answers are reasons to conduct a strategic group analysis.
Strategic group analysis helps to industry the strategic direction of direct rivals within an
industry.
Strategic group analysis helps discover untapped opportunities in the industry by
revealing gaps (i.e., "white space) where there is little or no competition.
Strategic group analysis helps to identify the strategies used by companies in other
strategic groups (i.e., companies that are not direct competitors, but are still in the
industry).
All of the above - Answer-all
Which of the following primary activities in Blue Apron's value chain did the company
struggle with the most at the time of the case? (Select all that apply.)
Operations
Human resource management
Inbound logistics
Technology - Answer-operations, inbound logistics
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