Wpc 480 midterm - Study guides, Class notes & Summaries

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 wh...

WPC 480 MIDTERM ACTUAL 2024 EXAM WITH 100% CORRECT VERIFIED ANSWERS (ALREADY GRADED A+)

WPC 480 MIDTERM EXAM BRAND NEW!! (QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS All of the following were traditional sources of competitive advantage EXCEPT: a. labor costs. b. access to financial resources. c. protected markets. d. a highly educated labor market. - ANSWER- d Customer loyalty programs such as airline frequent flyer miles are an attempt to: a. decrease competitors' access to distribution channels. b. develop a cost advantage independent of scale. c. increase c...

WPC 480 MIDTERM EXAM QUESTIONS AND ASWERS 2024

WPC 480 MIDTERM STUDY GUIDE WITH 100% CORRECT ANSWERS ALREADY GRADED A+.

The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - Answer-False According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - Answer-Supply Chain Mgt _______________________ is best described as the difference between the value a consumer attaches to a good and the cost to provi...

corporate strategy - Answer-determining boundaries of a firm (scope of a firm) Where to compete? Vertical Integration - Answer-process in which several steps in the production and/or distribution of a product or service are *controlled and owned by a single company* forward integration - Answer-takes information entered into a given system and sends it automatically to all downstream systems and processes buys apart of the economic value chain that happens after manufacturing backwar...

Path Dependence Chips & Motherboards Inc., a leading hard drive manufacturer, recently filed for bankruptcy. While most of Chips & Motherboards Inc.'s competitors were shifting away from physical data storage devices toward online cloud storage services, Chips & Motherboards Inc. invested most of its retained earnings in the effort to improve its hard drives. Once the hard-drive market drastically declined, Chips & Motherboards Inc. was unable to capitalize on the new technology. Which of the ...

Managers must adopt a new mind-set that values ___________ and the challenges that evolve from constantly changing conditions. correct answer: a. Flexibility b. Speed c. Innovation D. ALL OF THESE OPTIONS ARE CORRECT a. the industry's structural characteristics have little impact on a firm's performance over time. b. each firm is a unique collection of resources and capabilities. C. CAPABILITIES ARE HIGHLY MOBILE ACROSS FIRMS. d. differences in resources and capabilities are the basi...

WPC 480 midterm exam questions & answers 2023/2024 Strategic competitiveness - ANSWER-Achieved when a firm creates and applies a strategy that creates value, this is not lasting, you need to be in the shoes of the competitor. Competitive advantage - ANSWER-When a firm formulates and implements a set of strategies to keep customers coming back Competitors find it either costly, or hard to imitate. obove-average returns - ANSWER-Returns in excess of what the investor would typically e...