Porters 5 forces - Study guides, Class notes & Summaries
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BTMA 317 Questions And Answers 2024.
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BTMA 317 Questions And Answers 2024. 
Competitive strategy statement - correct answer Identifies a business' approach to compete, goals, and plans and policies to achieve goals. 
 
#1 purpose of strategy - correct answer Alignment 
 
Industry Analysis - correct answer Competitive forces, strategic alignment, types of strategies, strategic planning. 
 
Different industries offer different profit potential, what is the profit potential measured by? - correct answer Porters 5 forces 
 
Porter Valu...
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CIPS L4M4 LO1 questions with answers graded A+ 2024
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CIPS L4M4 LO1 
What is sourcing? - correct answer Sourcing is the location, acquisition and management of all the vital inputs required for an organization to operate. 
 
What is tactical/operational sourcing? - correct answer Low-level decision making 
High profit, low risk items 
Short-term projects 
Transactional relationships 
 
What is strategic sourcing? - correct answer Top-level decision making 
High-profit, high-risk items 
Long-term projects 
Collaborative relationships 
 
What aspe...
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BTMA Midterm questions with full solution 2023
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BTMA MidtermBusiness Strategy - correct answer 1. Marketing Strategy 
2. IT Strategy 
3. Operations Strategy 
4. Product Strategy 
 
Alignment - correct answer Michael Porter - #1 Purpose is ______ 
 
Simplified Value Chain - correct answer 1. Defining Value Chain 
2. Capturing Cost Data 
3. Controlling Cost 
4. Cutting Buyers Cost 
5. Determining Purchasing Criteria 
6. Reconfiguring Value Chain 
 
Industry Analysis - correct answer 1. Competitive Forces 
2. Strategic Planning 
3. Types of Stra...
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Miami University ISA 235 Final 170 questions with complete solution graded A+
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Internet of things - A world where interconnected, internet-enabled devices or "things" can collect 
and share data without human intervention. 
Value Chain: Primary Vs. Support - Views a firm as a series of business processes that each add value. 
Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. Support: 
Actual firm infrastructure such as HR, Management, Tech. Dept. 
Data - Raw facts that describe the characteristics of an event or object 
Informat...
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ISA 235 Final Exam Gowins Questions With Verified Answers
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ISA 235 Final Exam Gowins Questions With 
Verified Answers 
Data - answerRaw facts that describe the characteristics of an event or object 
Structured Data - answerStored in traditional system such as a relational data base or 
spreadsheet 
Unstructured Data - answerNot defined and does not follow specific format 
Big Data - answerCollection of large, complex data sets including structured and 
unstructured data. 
Information - answerData converted into meaningful and useful context 
Business In...
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Miami University ISA 235 Final Exam Questions With Verified Answers
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Miami University ISA 235 Final Exam 
Questions With Verified Answers 
Internet of things - answerA world where interconnected, internet-enabled devices or 
"things" can collect and share data without human intervention. 
Value Chain: Primary Vs. Support - answerViews a firm as a series of business processes 
that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, 
marketing and selling. Support: Actual firm infrastructure such as HR, Management, Tech. Dept. 
...
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L4M8 Procurement & Supply in Practice Exam Questions And Answers (Verified And Updated)
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L4M8 Procurement & Supply in Practice 
Exam Questions And Answers (Verified And 
Updated) 
How many stages are there within the CIPS Procurement Cycle? - answerThe CIPS 
procurement cycle has 13 stages: 
1. Understand need and develop a high-level specification. 
2. Market/commodity options including make-versus-but assessment. 
3. Develop strategy/plan. 
4. Pre-procurement market tests and market engagement. 
5. Development of required documentation, e.g. request for quotation (RFQ). 
6. Suppli...
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L4M8 CIPS level 4 Glossary 2 Questions and Answers with complete solution
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Name the 13 stages of the procurement cycle - Answer-1. Understand the need. 
2. Market Commodity options. 
3. Develop Stratgey/ Plan. 
4. Pre-procurement / market test. 
5. Develop required documentation. 
6. Supplier Selection. 
7. Issue invitation to tender. 
8. Bid / tender evaluation. 
9. Contract Award. 
10. Warehouse logistics & receipt. 
11. Contract performance review and continuous improvement. 
12. Supplier relationships / contract management. 
13. Asset management / end of life. 
Por...
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BTMA 317 Final Exam Questions Correctly Answered.
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BTMA 317 Final Exam Questions Correctly Answered. 
Competitive strategy statement - correct answer Identifies a business' approach to compete, goals, and plans and policies to achieve goals. 
 
#1 purpose of strategy - correct answer Alignment 
 
Industry Analysis - correct answer Competitive forces, strategic alignment, types of strategies, strategic planning. 
 
Different industries offer different profit potential, what is the profit potential measured by? - correct answer Porters 5 forces 
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Miami University ISA 235 Final Exam Questions And Answers Rated A+ New Update Assured Satisfaction
- Exam (elaborations) • 15 pages • 2024
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Internet of things - A world where interconnected, internet-enabled devices or "things" can 
collect and share data without human intervention. 
Value Chain: Primary Vs. Support - Views a firm as a series of business processes that each add 
value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. 
Support: Actual firm infrastructure such as HR, Management, Tech. Dept. 
Data - Raw facts that describe the characteristics of an event or object 
Informat...
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