MGT 8803 - BUSINESS STRATEGY FINAL TEST 2026
QUESTIONS WITH CORRECT ANSWERS GRADED A+
● Business Model Canvas. Answer: Visual business design
● Value Proposition. Answer: Customer benefit offering
● Customer Segments. Answer: Target groups
● Channels. Answer: Distribution methods
● Customer Relationships. Answer: Interaction approach
● Revenue Streams. Answer: Income sources
● Key Resources. Answer: Essential assets
● Key Activities. Answer: Critical operations
● Key Partnerships. Answer: Strategic alliances
● Cost Structure. Answer: Expense framework
● Growth Strategies. Answer: Expansion approaches
● Market Penetration. Answer: Existing market growth
● Market Development. Answer: New market entry
● Product Development. Answer: New product creation
● Diversification. Answer: New products and markets
● Related Diversification. Answer: Similar business expansion
● Unrelated Diversification. Answer: Different business expansion
● Horizontal Integration. Answer: Same level acquisition
● Vertical Integration. Answer: Supply chain acquisition
QUESTIONS WITH CORRECT ANSWERS GRADED A+
● Business Model Canvas. Answer: Visual business design
● Value Proposition. Answer: Customer benefit offering
● Customer Segments. Answer: Target groups
● Channels. Answer: Distribution methods
● Customer Relationships. Answer: Interaction approach
● Revenue Streams. Answer: Income sources
● Key Resources. Answer: Essential assets
● Key Activities. Answer: Critical operations
● Key Partnerships. Answer: Strategic alliances
● Cost Structure. Answer: Expense framework
● Growth Strategies. Answer: Expansion approaches
● Market Penetration. Answer: Existing market growth
● Market Development. Answer: New market entry
● Product Development. Answer: New product creation
● Diversification. Answer: New products and markets
● Related Diversification. Answer: Similar business expansion
● Unrelated Diversification. Answer: Different business expansion
● Horizontal Integration. Answer: Same level acquisition
● Vertical Integration. Answer: Supply chain acquisition