Integrated firms - Study guides, Class notes & Summaries

BEC 2024 Test Questions & Answers 100% CORRECT monopolistic competition - ANSWERSA market structure in which barriers to entry are low and many firms compete by selling similar, but not identical, products (differentiated). Distinguished by it's larger variety in projects and higher price per unit as compared to pure competition. Inventory Turnover - ANSWERScost of goods sold/average inventory Ending Inventory= Beg Inv+ Purchases-COGS multiplier formula with MPC - ANSWERS1/(1-MPC) ...

strategy - ANS>where should we compete and how? integrated set of choices that positions the business in its industry so as to generate superior financial returns over time, Strong strategy is consistent, aligns with intended business model and positioning, How a business performs in its environment compared to competitors purpose and goal of strategy - ANS>create a competitive advantage, determines where to engage with the competition and choice of business model Goal: superior per...

LSCM Review Exam 2 2024 with 100% Correct Answers Many firms have directed significant attention towards working more closely with supply chain partners, including not only customers and suppliers but also various types of logistics suppliers. - ANSWERSTrue A horizontal relationship refers to firms on the same level in the supply chain. - ANSWERSFalse The range of relationships with 3PLs ranges from being a vendor to being a vertical supplier. - ANSWERSFalse The first stage in the ...

International Business Latest Update with Certified Solutions globalization the shift towards a more integrated and interdependent world economy facets of globalization globalization of markets and the globalization of production globalization of markets the merging of historically distinct and separate national markets into one huge global marketplace globalization of production the sourcing of goods and services from locations around the globe to take advantage of national dif...

Structural stability affects the organization's ability to: a. resist organizational inertia. b. cope with uncertainty about cause-and-effect relationships in the global economy. c. develop new competitive advantages. d. consistently and predictably manage its daily work routines. - ANSWERD Selecting the organizational structure and controls that effectively implement the chosen strategy is a challenge for managers because a. firms must be flexible while retaining a degree of stabilit...

WGU C215 Operations Management Questions and Answers Already Passed Advertising revenue model Provides users with information on services and products and provides an opportunity for suppliers to advertise Affiliate revenue model Companies receive a referral fee for directing business to an affiliate Appraisal cost The cost associated with uncovering defects Automated order entry systems A method using telephone models to send digital orders to suppliers. Backwards integration Owning or cont...

Test Bank For Global Business Today Global 12th Edition by Charles Hill, Chapter 1-17 | Complete Latest Guide. Answers are at the end of each chapter Chapter 01 Globalization True / False Questions 1. As a result of globalization, we have been moving toward a world in which national economies are relatively self-contained entities. True False 2. By offering the same basic product worldwide, firms help to create a global market. True False 3. A company has to be the size of a multination...

_____ is best described as an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage A) Supply chain management B) Integrated technology management C) Strategic management D) Inventory management correct answers C _____ is best described as a set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. A) Behavior modification B) Strategy C) Credo D) Co...

Strategic Competitiveness - achieved when a firm successfully formulates and implements a value-creating strategy Strategy - integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitate. Above average returns - returns in excess of what an investor e...

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...