BUS 1101 MOCK EXAM Questions and Answers
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Question 1.
A firm's strategy includes which of the following:
a. Sets specific operating procedures to be followed by front line managers
b. establishes systems and processes used to implement the goals and objectives
c. captures how vision and mission will be achieved
d. Communicates to stakeholders the hierarchical corporate structure
c. captures how vision and mission will be achieved
Superiority in competitive advantage refers to all of the following factors EXCEPT:
a. Unique style
b. Product quality
c. Customer Service
d. Low cost
d. low cost
Firms that do the product leadership strategy well include which of the following
factors:
a. Focus on development, innovation, design, and time to market
b. are in stagnant markets
c. have superb operations and execution
d. do not focus on innovation
a. focus on development, innovation, design, and time to market
Which of the following is considered an intangible resources?
a. Formal reporting structures
b. Production equipment
c. Scientific capabilities
d. Manufacturing plants
c. Scientific capabilities
A firm's tangible resource includes which of the following?
a. Production equipment
b. knowledge
c. capacity for innovation
d. organizational routines
a. production equipment
The intensity of industry competition and an industry's profit potential are a
function of
which of the following forces of competition?
a. Threats posed by new entrants
b. power of stockholders
c. global economic conditions*
d. power or employees
a. threats posed by new entrants
Using Porter's analysis, firms are likely to generate higher profits if the industry
includes
which of the following:
a. Unlimited rivalry
b. There are many substitutes
Verified Solutions Latest Update
Question 1.
A firm's strategy includes which of the following:
a. Sets specific operating procedures to be followed by front line managers
b. establishes systems and processes used to implement the goals and objectives
c. captures how vision and mission will be achieved
d. Communicates to stakeholders the hierarchical corporate structure
c. captures how vision and mission will be achieved
Superiority in competitive advantage refers to all of the following factors EXCEPT:
a. Unique style
b. Product quality
c. Customer Service
d. Low cost
d. low cost
Firms that do the product leadership strategy well include which of the following
factors:
a. Focus on development, innovation, design, and time to market
b. are in stagnant markets
c. have superb operations and execution
d. do not focus on innovation
a. focus on development, innovation, design, and time to market
Which of the following is considered an intangible resources?
a. Formal reporting structures
b. Production equipment
c. Scientific capabilities
d. Manufacturing plants
c. Scientific capabilities
A firm's tangible resource includes which of the following?
a. Production equipment
b. knowledge
c. capacity for innovation
d. organizational routines
a. production equipment
The intensity of industry competition and an industry's profit potential are a
function of
which of the following forces of competition?
a. Threats posed by new entrants
b. power of stockholders
c. global economic conditions*
d. power or employees
a. threats posed by new entrants
Using Porter's analysis, firms are likely to generate higher profits if the industry
includes
which of the following:
a. Unlimited rivalry
b. There are many substitutes
