- Study guides, Class notes & Summaries

A company's management team should compete seriously against rivals to win a private-label footwear contract in a particular geographic region when: A) The data in the latest Competitive Intelligence Report indicates that one or more rival firms did not submit price offers to chain retailers. B) The data in the latest Competitive Intelligence Report indicates that some of the companies competing to supply for private-label footwear were able to win contracts at offer prices above $2...

4 Cardinal Virtues - - justice - temperance - courage - wisdom Adam Smith - - father of classical economics - economics/commerce used natural resources - invisible hand kept people from being greedy, when people got greedy invisible hand will encourage competition Affirmative Action - - in the absence of normal representative distributions organizations attempt to correct for unfair normal distributions Altruism Philanthophy - - checkbook (money) - in-kind (giving products) Ashley Madi...

A best practice - - Is a method or technique employed by at least one enterprise and shown to be unusually effective in lowering costs improving quality or performance, shortening time requirements, enhancing safe, or achieving one or more other highly positive operating outcomes. - A means of performing and activity or process that yields results consistently superior to other approaches A blue ocean type of offensive strategy - involves abandoning efforts to beat out competitors in exis...

A firm uses a corporate-level diversification strategy for a variety of reasons, all of which have to do with ways to create value - False A horizontal acquisition involves two firms in the same industry. - True A key purpose of a vision and mission statement is to inform _________ what a firm is, what it seeks to accomplish, and who it seeks to serve - Stakeholder A nonequity strategic alliance exists when: - two or more firms develop a contractual relationship to share some of thei...

. Moving into international markets is a particularly attractive strategy to firms whose domestic markets: a. demand a differentiation strategy for success. b. are limited in opportunities for growth. c. have developed unfriendly business attitudes toward the industry. d. have too much regulation. - b. are limited in opportunities for growth. . The choices that a firm has for entering the international market include all of the following EXCEPT: a. exporting.

-focus - -create quality shoes for consumers, while promoting sustainable lifestyle -become market leader in branded footwear by maximizing profits, shareholder wealth, and market share -deliver high-quality products while maintaining cost efficiency and effective market penetration team D added to facilites every year - true team E invested a lot into material of their shoes - true team E objectives - -Maximize shareholder value by making strategic and effective decisions -Make decisions ...

The installation of production improvement option D which boosts worker productivity by 50% by using robots to assist in producing footwear - ACCURATE ANSWERS is a more economically attractive means for reducing labor costs per pair produced production facility in North America than for a production facility in the Asia Pacific Which one of the following actions is least likely to increase labor productivity by an amount that is large enough to result in lower labor costs per pair produced at...

Strategic Competitiveness - ACCURATE ANSWERS When a firm successfully formulates and implements a value-creating strategy. Strategy - ACCURATE ANSWERS An integrated and coordinated set of commitment and actions designed to exploit core competencies and gain a competitive advantage. Competitive Advantage - ACCURATE ANSWERS When a firm implements a strategy that its competitors are unable to duplicate or find too costly to try to imitate. Risk - ACCURATE ANSWERS An investor's uncertain...

The company currently has production facilities to make athletic footwear in a. Taiwan, India, Brazil, and Middle East. b. North America and Asia-Pacific. c. Asia-Pacific and Latin America. d. the Middle East and China. e. North America and Latin America. - ACCURATE ANSWERS b. North America and Asia-Pacific. Which one of the following is not a factor in determining a company's unit sales and market share of branded footwear in a particular geographic region? a. The number of reta...

Brinker International operates restaurants in several different segments of the casual dining market. This is a. a relatively high level of diversification. b. an example of product diversification. c. unlikely to reduce variability in the firm's profitability since the restaurants are all in the casual dining category. d. an example of related linked diversification. - ACCURATE ANSWERS b. an example of product diversification. On the most basic level, corporate-level strategy is co...