GEB 4890 1 FINAL TEST 2026
QUESTIONS WITH CORRECT
ANSWERS GRADED A+
◍ Strategy is fundamentally about.
Answer: Competing differently than rivals—doing what they do not or
cannot do.
◍ 1. Which of the following best defines core competencies in a business
context?.
Answer: Unique strengths that enable a firm to differentiate itself
◍ A professional service firm has been experiencing high turnover rates
among its employees, leading to disruptions in productivity and increased
recruitment costs. To address this issue, the HR department is exploring
strategies to improve employee retention. Which of the following options
would NOT be most effective in helping the firm better manage retention
among its employees?.
Answer: Increasing salaries, bonuses, and offering incentives to
top-performing employees.
◍ 1. You were not invited to a birthday party. However, you are not bothered
at all because you studied VRIO and at the next social gathering that you are
invited to, all of the following would apply EXCEPT:.
Answer: Your absence is a common occurrence among their social circles.
◍ Central question of strategy.
Answer: What actions must we take to outperform competitors and achieve
superior profitability?
◍ 1. Which of the following will directly increase the bottom line in your
simulation?.
, Answer: Higher Price
◍ Based on class discussion, which modes of diversification has Neuralink
engaged in?.
Answer: Internal development of patents for chip product
◍ 1. Walmart would most likely agree with which of the following simulation
takeaways?.
Answer: Making a profit is challenging when charging lower prices
◍ Goal of a powerful strategy.
Answer: To create a durable competitive advantage that leads to long-term
growth and sustained profitability.
◍ Company strategy.
Answer: Management's game plan for competing successfully through
competitive moves and business approaches.
◍ Business model.
Answer: The framework for how a company makes money; revenues must
exceed costs (Rev > Cost).
◍ Failed simulation groups that attempted to offer maximum features and a
low price but were squeezed struggled with which strategy?.
Answer: Hybrid
◍ Value-Price-Cost framework.
Answer: A model that explains how a company delivers value, sets price,
and manages costs to earn profit.
◍ Which of the following is False:.
Answer: Based on our in-class blind taste tests, branded products were
clearly differentiated from private labels or store-owned products
◍ Truths from 8.
Answer: Coca Cola and Pepsi are in a war about everything except price.In
collaboration with consulting firm McKinsey, a subcommittee created a
unified 11-digit barcode for product identification.Jobs combined three
, products into one device with the iPhone introduction
◍ At Build-A-Bear Workshop, customers enjoy an interactive process of
designing and assembling teddy bears. Build-A-Bear customers are willing
to pay a premium price because they receive a unique, hands-on experience
rather than simply buying a stuffed toy is an example of:.
Answer: Focused Differentiation
◍ Which of the following is the best example of the Long Tail?.
Answer: Netflix can offer customers a far greater variety of movies and
charge lower prices than video rental stores by conducting all its business
through streaming
◍ 1. While the music streaming industry has been growing in recent years,
Spotify has experienced a drop in its user base and revenue over recent years
due to intense competition from rival streaming platforms, evolving
consumer preferences, and ongoing negotiations with artists and record
labels for content licenses. Based on the above information and the BCG
matrix, what would you classify Spotify's music streaming line of business?.
Answer: Question Mark
◍ Which of the following are most likely a firm's core competency?.
Answer: Netflix creating proprietary algorithms
◍ Three tests of a winning strategy.
Answer: Fit Test, Competitive Advantage Test, Performance Test.
◍ Fit Test.
Answer: Determines whether the strategy aligns with the company's internal
and external environment.
◍ Which of the following is an intangible resource of Walmart?.
Answer: "Great Value" Brand
◍ What formula allows you to predict the number of units to be sold based on
market demand?.
Answer: Units Sold = Market Demand ÷ Product Price
QUESTIONS WITH CORRECT
ANSWERS GRADED A+
◍ Strategy is fundamentally about.
Answer: Competing differently than rivals—doing what they do not or
cannot do.
◍ 1. Which of the following best defines core competencies in a business
context?.
Answer: Unique strengths that enable a firm to differentiate itself
◍ A professional service firm has been experiencing high turnover rates
among its employees, leading to disruptions in productivity and increased
recruitment costs. To address this issue, the HR department is exploring
strategies to improve employee retention. Which of the following options
would NOT be most effective in helping the firm better manage retention
among its employees?.
Answer: Increasing salaries, bonuses, and offering incentives to
top-performing employees.
◍ 1. You were not invited to a birthday party. However, you are not bothered
at all because you studied VRIO and at the next social gathering that you are
invited to, all of the following would apply EXCEPT:.
Answer: Your absence is a common occurrence among their social circles.
◍ Central question of strategy.
Answer: What actions must we take to outperform competitors and achieve
superior profitability?
◍ 1. Which of the following will directly increase the bottom line in your
simulation?.
, Answer: Higher Price
◍ Based on class discussion, which modes of diversification has Neuralink
engaged in?.
Answer: Internal development of patents for chip product
◍ 1. Walmart would most likely agree with which of the following simulation
takeaways?.
Answer: Making a profit is challenging when charging lower prices
◍ Goal of a powerful strategy.
Answer: To create a durable competitive advantage that leads to long-term
growth and sustained profitability.
◍ Company strategy.
Answer: Management's game plan for competing successfully through
competitive moves and business approaches.
◍ Business model.
Answer: The framework for how a company makes money; revenues must
exceed costs (Rev > Cost).
◍ Failed simulation groups that attempted to offer maximum features and a
low price but were squeezed struggled with which strategy?.
Answer: Hybrid
◍ Value-Price-Cost framework.
Answer: A model that explains how a company delivers value, sets price,
and manages costs to earn profit.
◍ Which of the following is False:.
Answer: Based on our in-class blind taste tests, branded products were
clearly differentiated from private labels or store-owned products
◍ Truths from 8.
Answer: Coca Cola and Pepsi are in a war about everything except price.In
collaboration with consulting firm McKinsey, a subcommittee created a
unified 11-digit barcode for product identification.Jobs combined three
, products into one device with the iPhone introduction
◍ At Build-A-Bear Workshop, customers enjoy an interactive process of
designing and assembling teddy bears. Build-A-Bear customers are willing
to pay a premium price because they receive a unique, hands-on experience
rather than simply buying a stuffed toy is an example of:.
Answer: Focused Differentiation
◍ Which of the following is the best example of the Long Tail?.
Answer: Netflix can offer customers a far greater variety of movies and
charge lower prices than video rental stores by conducting all its business
through streaming
◍ 1. While the music streaming industry has been growing in recent years,
Spotify has experienced a drop in its user base and revenue over recent years
due to intense competition from rival streaming platforms, evolving
consumer preferences, and ongoing negotiations with artists and record
labels for content licenses. Based on the above information and the BCG
matrix, what would you classify Spotify's music streaming line of business?.
Answer: Question Mark
◍ Which of the following are most likely a firm's core competency?.
Answer: Netflix creating proprietary algorithms
◍ Three tests of a winning strategy.
Answer: Fit Test, Competitive Advantage Test, Performance Test.
◍ Fit Test.
Answer: Determines whether the strategy aligns with the company's internal
and external environment.
◍ Which of the following is an intangible resource of Walmart?.
Answer: "Great Value" Brand
◍ What formula allows you to predict the number of units to be sold based on
market demand?.
Answer: Units Sold = Market Demand ÷ Product Price
