WPC 480
WPC 480 MIDTERM EXAM
2024\2025 |GUARANTEED
ACCURATE ANSWERS
The relative bargaining power of suppliers is high when
incumbent firms face low switching costs when changing
suppliers.
A. True
B. False - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ Supply
Chain Mgt
_______________________ is best described as the difference
between the value a consumer attaches to a good and
the cost to provide the good.
A. Profit
WPC 480 MIDTERM EXAM 2024-2025 GUARANTEED ACCURATE ANSWERS
,WPC 480
B. Economic Value Created
C. Consumer's Surplus
D. Producer's Surplus - ACCURATE ANSWERS✔✔ Economic
Value Created
Onivo Auto Inc. has been the leader in low-cost and fuel-
efficient engine technology for many years. It has been
able to sustain its competitive advantage primarily
because of its highly efficient automobile engines, which
competitors have been unable to develop or buy at a
reasonable price. In the context of the VRIO framework,
which of the following resource attributes most likely
underpins Onivo's competitive advantage?
A. The resource is easy to replicate.
B. The resource is costly to imitate.
C. The resource neutralizes external opportunities -
ACCURATE ANSWERS✔✔ The resource is costly to
imitate.
Which is a source of increasing customers' willingness to
pay?
A. Common Product Feature
B. Learning Curve Effect
C. Poor Customer Service
WPC 480 MIDTERM EXAM 2024-2025 GUARANTEED ACCURATE ANSWERS
, WPC 480
D. Existence of Great Compliments - ACCURATE
ANSWERS✔✔ Existence of Great Compliments
Which of the following is not true about the business-level
strategy of Walmart?
A. Walmart has been pursuing cost leadership strategy.
B. Walmart charges lower price for national brand goods,
increasing consumers' surplus.
C. Heavy investment in smart IT systems is not consistent
with Walmart's overall strategic position.
D. Real-time EDI with suppliers helped Walmart lower
inventory management cost. - ACCURATE ANSWERS✔✔
Heavy investment in
smart IT systems is not consistent with Walmart's overall
strategic position
What is strategy? - ACCURATE ANSWERS✔✔ An integrated
set of goal-directed actions a firm takes to gain and
sustain competitive advantages
Competitive Advantage - ACCURATE ANSWERS✔✔ Occurs
when an organization is able to create more economic
value than the marginal (breakeven) competitor in its
product market (through superior differentiation and/or
lower costs). [Temporary or Sustainable]
WPC 480 MIDTERM EXAM 2024-2025 GUARANTEED ACCURATE ANSWERS
WPC 480 MIDTERM EXAM
2024\2025 |GUARANTEED
ACCURATE ANSWERS
The relative bargaining power of suppliers is high when
incumbent firms face low switching costs when changing
suppliers.
A. True
B. False - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ Supply
Chain Mgt
_______________________ is best described as the difference
between the value a consumer attaches to a good and
the cost to provide the good.
A. Profit
WPC 480 MIDTERM EXAM 2024-2025 GUARANTEED ACCURATE ANSWERS
,WPC 480
B. Economic Value Created
C. Consumer's Surplus
D. Producer's Surplus - ACCURATE ANSWERS✔✔ Economic
Value Created
Onivo Auto Inc. has been the leader in low-cost and fuel-
efficient engine technology for many years. It has been
able to sustain its competitive advantage primarily
because of its highly efficient automobile engines, which
competitors have been unable to develop or buy at a
reasonable price. In the context of the VRIO framework,
which of the following resource attributes most likely
underpins Onivo's competitive advantage?
A. The resource is easy to replicate.
B. The resource is costly to imitate.
C. The resource neutralizes external opportunities -
ACCURATE ANSWERS✔✔ The resource is costly to
imitate.
Which is a source of increasing customers' willingness to
pay?
A. Common Product Feature
B. Learning Curve Effect
C. Poor Customer Service
WPC 480 MIDTERM EXAM 2024-2025 GUARANTEED ACCURATE ANSWERS
, WPC 480
D. Existence of Great Compliments - ACCURATE
ANSWERS✔✔ Existence of Great Compliments
Which of the following is not true about the business-level
strategy of Walmart?
A. Walmart has been pursuing cost leadership strategy.
B. Walmart charges lower price for national brand goods,
increasing consumers' surplus.
C. Heavy investment in smart IT systems is not consistent
with Walmart's overall strategic position.
D. Real-time EDI with suppliers helped Walmart lower
inventory management cost. - ACCURATE ANSWERS✔✔
Heavy investment in
smart IT systems is not consistent with Walmart's overall
strategic position
What is strategy? - ACCURATE ANSWERS✔✔ An integrated
set of goal-directed actions a firm takes to gain and
sustain competitive advantages
Competitive Advantage - ACCURATE ANSWERS✔✔ Occurs
when an organization is able to create more economic
value than the marginal (breakeven) competitor in its
product market (through superior differentiation and/or
lower costs). [Temporary or Sustainable]
WPC 480 MIDTERM EXAM 2024-2025 GUARANTEED ACCURATE ANSWERS
