Dominant strategy - Samenvattingen, Aantekeningen en Examens

What is corporate strategy? correct answers A decision about what business/industries a firm should be in Do all firms (even single-line ones) have a corporate strategy? correct answers YES! The decision to NOT engage in certain industries is an important decision Competition occurs at the _____ level correct answers business-unit Being part of a diversified company involves inevitable _____ for business units that are _____ correct answers costs; often underestimated Coprorate strat...

GLO-BUS Chapter 1-5 Quizzes A company's business model - sets forth how its strategy and operating approaches will create value for customers while at the same time generating ample revenues to cover costs and realize a profit The two crucial elements of a company's business model are - its customer value proposition and its profit proposition or "profit formula" Which of the following is not a frequently used strategic approach to setting a company apart from rivals, delivering...

Competitors Firms operating in the same market - offering similar products - and targeting similar customers Competitive Rivalry The ongoing set of competitive actions and competitive responses that occur among firms as they maneuver an advantageous market position Competitive Behavior The set of competitive actions and responses a firm takes to build or defend its competitive advantages and to improve its market position Competitive Dynamics All competitive behaviors - ...

LIN1502 EXAM PACK 2022. Which of the following is considered a divergent strategy? [1] Using in-group slang when addressing a friend in an informal situation. [2] Codeswitching when addressing a monolingual person. [3] Speaking slowly and clearly to a beginner second-language learner. [4] Answering in the language in which you were addressed. 2. Government policy relating to the use of the various languages in a country is known as [1] language shift [2] language planning [3] governmenta...

Studying the total business enterprise/Broad topics (Chapter 1) correct answers Environmental Forces: Macro-economic Industry competitive Firm: Managers/Strategists Decisions and actions Effective leadership Resources Capabilities Org. culture Strategy (Chapter 1) correct answers Tactics the govern an individual to make wiser decisions Goals of an organization (Chapter 1) correct answers Firms manage their resources, competitive environment effectively while managing their...

MIS 301 Exam 2 Question and answers correctly solved 2024 Backward compatibility - correct answer ability to take advantage of complementary products developed for prior generation of tech. Ex: 16-bit Super Nintendo system incompatible w/ firm's highly successful prior generation 8-bit model (they had an epic FAIL!) Blue Ocean strategy - correct answer approach where firm seeks to create & compete in uncontested "blue ocean" market spaces, rather than competing in spaces & ways that h...

A company's business model - correct answer sets forth how its strategy and operating approaches will create value for customers while at the same time generating ample revenues to cover costs and realize a profit The two crucial elements of a company's business model are - correct answer its customer value proposition and its profit proposition or "profit formula" Which of the following is not a frequently used strategic approach to setting a company apart from rivals, delivering ...

True. There exists a convergence proof. - Answer K-means is a clustering algorithm that is guaranteed to converge. False. A delayed reinforcement learning task is one where the optimal solution can only be found by associating incoming rewards with a whole sequence of previous actions, instead of just the latest one. The reward may very well be received in every time step also in delayed reinforcement learning. - Answer The main difference between immediate and delayed reinforcement lea...

Suppose a family has saved enough for a 10 day vacation (the only one they will be able to take for 10 years) has a utility function of U=V1/2 (Where V is the number of healthy vacation days they experience). Suppose they are not a particularly healthy family and the probability that someone will have vacation-ruining illness (V=0) is 20%. What is the expected value of V? Correct Answer-Answer: B, 8. Expected Value = 10 x .2 = 2 days 10 days - 2 days = 8 days If income doubles and the qua...

In a basic auction, each bidder values the object, denoted by? correct answers va and vb > 0 Private value auction correct answers I know my value, but no one else does. Private information. The English Auction is also known as correct answers ascending auction, or open auction or oral auction How does English Auction correct answers an auctioneer states a price. The bidder states whether they accept it or want to exit. Auctioneer raises price and asks again. Continues until all but ...