BSM600 Study Questions with Correct Answers 100% Verified 2025

BSM600 Study Questions with Correct Answers 100% Verified 2025 3 aspects that go into Successful strategy, and what kind of implementation. - Correct Answer 1. Simple consistent long-term goals 2. Profound understanding of the competitive environment 3. Objective appraisal of resources What focus gets "rate of return above cost of capital" to Corporate Strategy? - Correct Answer Industry Attractiveness: Which industries should we be in? What focus gets "rate of return above cost of capital" to Business Strategy? - Correct Answer Competitive Advantage: How should we compete? Porter's 5 Forces - Correct Answer 1. Supplier Power 2. Threat of new entrants 3. Buyer power 4. Industry rivalry 5. Substitution of product/services Supplier Power - Correct Answer Factors determining power of suppliers relative to producers; same as those determining power producers relative to buyers Threat of Entry - Correct Answer - Capital requirements - Economies of scale - Absolute cost advantages - Product differentiation - Access to distribution channels - Government and legal barriers