Perfect competition model - Samenvattingen, Aantekeningen en Examens

UTK: BUAD 331 Exam 1 Complete (answers updated fall 2022/23.) ____________ the chain facilitates better strategic alignment between supply chain operations. A. Breaking B. Sharing C. Bending D. Spreading A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. What is one initiative that could be planned and implemented to achieve this goal? A.Increase sales calls to all existing customers. B.Increase capacity utilization to gain economies of ...

WGU C718 Full Study Guide Questions and Correct Answers 2024 What is the definition of economics? - Answer -the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - Answer -Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs - Implicit costs = Economic profit What are the characteristics of an ...

WGU C718 Full Study Guide | 104 Questions and Correct Solutions 2024 What is the definition of economics? - Answer -the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - Answer -Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs - Implicit costs = Economic profit What are the characteristic...

What is the definition of economics? - ANSWER the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - ANSWER Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs - Implicit costs = Economic profit What are the characteristics of an oligopoly? - ANSWER 1) few firms 2) barriers to entry Wh...

WGU C432 Healthcare Management and Strategy + Pre Assessment Business-Level Strategy a plan that indicates how a division intends to compete against its rivals in an industry Corporate-Level Strategy A plan that indicates in which industries and national markets an organization intends to compete. Emergent-Strategy any unplanned strategic initiative bubbling up from the bottom of the organization Functional-Level Strategy Strategic scope and direction at the operating division, departmen...

Besides its utility, what else determines the value of a good by a consumer? - Answer-scarcity What is basic component of capitalism besides limited government, freedom of enterprise, and competition? - Answer-property rights When supply of good increases, what tends to decrease? - Answer-equilibrium Which economic system bases production of goods on customs and habits? - Answer-traditional Which economic system is regulated by the public sector? - Answer-command Which economic system is g...

What is strategy? An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? Internal and External. What are the 3 business strategies? 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? Compare firm performance to a benchmark. ...

BUAD 331 Final Exam Questions And Answers (Verified And Updated) Paradigm Change for business competition - answerForm, time, place, exchange --> Creating value Porter Chain Value - answerInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - answerTraditional business coordination with particular organization within the supply chain for p...

BUAD 331 Final Exam Questions And Answers (Verified And Updated) Paradigm Change for business competition - answerForm, time, place, exchange --> Creating value Porter Chain Value - answerInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - answerTraditional business coordination with particular organization within the supply chain for p...

What are the 11 accident theories? - Multiple causation and total loss (iceberg - Berg Germain)Heinrich's Pyramid Model Herbert Heinrich's Domino Model Frank Bird's Original Domino Model Bird's Up-Dated Accident Sequence A People-Oriented Revision of Adams' Accident Sequence The Adams Domino Theory The Ball Energy Model James Reason's Model (Swiss Cheese Model and the Accident Trajectory) The Tripod-Delta Model In order for an organization to succeed it must depend on two complem...