The pestel model Study guides, Class notes & Summaries

MGT 8803 SUPPLY CHAIN EXAM QUESTIONS AND ANSWERS 100% PASS Strategy can be best described as the goal directed actions to gain and sustain ___? - high performance in advancing industry capabilities - superior performance in the markets in which the firm operates - long term financial profits and economic viability - operational improvements and product advancements - the earth's environment and the well-being of the communities in which the firm operates superior performance in the market...

Marketing Strategy correct answer: Finding opportunities and developing profitable strategies to capitalize on those opportunities: Specifies a target market and related marketing mix. 5 Cs of Marketing correct answer: Customer: buyers with needs the company aims to fulfill Company: goods or services provider fulfilling customer need Competitors: Orgs aiming to fulfill the same need as company Collaborators: external entities that work with company to create value Context: Environmen...

WPC 480 Final Exam Questions and Answers Complete Solution 2023-2024 | Graded A++. 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 com...

Competitive industry structure correct answers Elements and features common to all industries, including the number and size of competitors, the firms' degree of pricing power, the type of product or service offered, and the height of entry barriers. Complement correct answers A product, service, or competency that adds value to the original product offering when the two are used in tandem. Complementor correct answers A company that provides a good or service that leads customers to valu...

MGMT 489 Chap 3 Exam Questions With 100% Correct Answers 2024/2025 Which of the following helped Airbnb develop a successful business in the peer-to-peer rental space? - answer-presenting a well-designed website -fortuitous timing that led to growing demand -developing a smooth transaction between hosts and guests When managers understand the forces in the external environment, they are better able to ______. - answermitigate threats and leverage opportunities In the PESTEL model, politi...

*Disclaimer:- The MCQs do not guarantee pass mark in exams. Though, the content is verified based on the content available in Google, usage of the same is at your own risk. If you find any answers missing or identify anything wrong, please intimate for the benefit of the entire group. Corrections will be done accordingly. Subject 1--Strategic Management—Compiled by Niraja Set 1:- Q1. Which of the following are typically seen as being associated with strategic decisions? Q2. Which strateg...

WPC 480 Final Exam Complete Questions and Answers Updated 2024 Graded A+ 100% What is strategy? - ANSWER-An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - ANSWER-Internal and External. What are the 3 business strategies? - ANSWER-1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - ANSWER-Superior performance relative to other competitors in the same industry or the industry a...

Strategy integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. - set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors Vision A picture of what the firm wants to be and, in broad terms, what it wants to achieve - What do we want to accomplish? Mission Specifies the businesses in which the firm intends to compete and the customers it intends to serve...

Strategy An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision What do we want to accomplish? Mission How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders organizations, groups, and individuals. They can affect or are affected by a firm's actions. Competitive Advantage superior performance relative to other competitors in the same industry or the industry average. Sust...

WPC 480 EXAM LATEST VERSIONS 2023 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES ALREADY GRADED A+|BRAND NEW 2023 The purpose of strategy in business is to do what? - ANSWER- To create and provide the business with sustainable competitive advantage The difference between strategic decisions and tactical decisions is one of degree. The characteristics that differentiate between a strategic decision and a tactical decision is based on which of the following. - ANSWER- Amount o...