Mgmt344 - Study guides, Class notes & Summaries

MGMT344 EXAM QUESTIONS WITH ALL CORRECT ANSWERS Bargaining Power of Buyers - Answer- Buyers (customers) are most powerful when: - there are small sellers and few large buyers - buyers purchase in large quantities - a single buyer is a large customer to a firm - buyers purchase from multiple sellers at once Bargaining Power of Suppliers - Answer- Suppliers have bargaining power when: - their products have few substitutes and are important to buyers - the buyers industry is not an i...

MGMT344 ACTUAL EXAM QUESTIONS WITH ALL CORRECT ANSWERS Which of the following is not a known difficulty with the focused differentiation strategy? a) Attempts to grow beyond the initial narrow market may undermine the firm's positioning. b) Evolution of the industry may erode differences between segments. c) Firms need to be able to maintain differentiation at low enough cost. d) The differentiated part of the market is often the most vulnerable to economic downturns. e) Focusing ...

MGMT344 Quizzes Questions and Answers All Correct Which of the following is a common mistake in drawing up strategic group maps? a. Often there are mobility barriers that prevent free movement between the identified groups b. Often the two chosen axes are related to one another so that all firms plot along the diagonal c. Often the analysis is incomplete, because it includes 'white spaces' or 'black holes' d. Often firms are plotted by characteristics that are not vi...

MGMT344 EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) Which of the following is a known difficulty with the cost leadership strategy? a) Always charging low prices leads to inherently low margins b) Cost leaders cannot imitate new product features introduced by differentiators c) Excessive focus on lowest costs can reduce attention paid to technical and environmental shifts d) The price-sensitive part of the market is always the most vulnerable to economic downturns e) It is often unsus...

MGMT344 TEST QUESTIONS AND ANSWERS ALL CORRECT Performance comparisons - Answer- - trends over time - company and internal targets - comparison with competitors Criticisms on evironment-led perspective approach - Answer- - leads to predictable strategies - competitive environment changes rapidly VRIO analysis - Answer- Value, Rarity, Inimitability, Organization VIRO - Value - Answer- Asks whether a resource or capability adds value to the company. If it increases revenue/reduces ...

MGMT344 TEST QUESTIONS WITH CORRECT ANSWERS Simple Control system - Answer- 1. Mission 2. Objectives 3. Strategies 4. Implementation 5. Evaluation 6. Remedial action Controls and incentives include - Answer- - Direct supervision - Operating & capital expenditure budgets - Targets and pressures The balanced scorecard - Answer- combines strategic control and evaluation of performance to move from a short term view to a long term strategic one. it uses financial, customer, internal...

MGMT344 Questions Exam And Accurate Answers ...

MGMT344 Exam Questions And Correct Answers ...

MGMT344 Exam 1 Questions Answers @ 2024 ...