Midterm 313 ALL ANSWERS 100% CORRECT FALL-2021/2022 SOLUTION AID GRADE A+

A strategy is a company's Question options: Value statement Game plan Pricing policy Question 2 A(n) _____ reflects a company's awareness of how, when and where is should compete, against whom it should compete and for what purpose it should compete. Question options: Vision Long-term objective Organizational structure 4 / 4 points Question 3 To a large extent, attitudes at the corporate level reflect the concerns of Question options: The federal government 4 / 4 pointsThe CEO Top managers Question 4 Influential individuals and groups that are vitally interested in the actions of the business are called Question options: Stockholders 4 / 4 points Strategists Customers Question 5 Which responsibilities reflect the company's notion of right and proper business behavior? Question options: 4 / 4 points Economic Discretionary Legal Question 6 Which of these refers to the moral principles that reflect society's beliefs about the actions of an individual or group that are right and wrong? 4 / 4 points Ethical Stakeholders Stockholders and society at largeGlobalization Ethics Question options: Utilitarian approach Social audit CSR Question 7 4 / 4 points ______ refers to the strategy of approaching worldwide markets with standardized products. Question options: Horizontal integration Franchising Vertical integration Question 8 As its industry becomes increasingly ______, a firm must begin to coordinate an increasing number of functional activities to effectively compete across countries. Question options: local multidomestic regional 4 / 4 points globalSWOT analysis Question 9 ________ is a historically popular technique through which managers create a quick overview of a company's strategic 4 / 4 points situation—it is based on achieving a sound fit between internal resources and the external situation. Question options: Value chain analysis External analysis Internal analysis Question 10 A(n) ______ is a major unfavorable situation in a firm's environment. Question options: Weakness 4 / 4 points Competitive disadvantage Core strength Question 11 A(n) _______ is a limitation or deficiency in one or more of a firm's resources or capabilities relative to its competitors that 4 / 4 points creates a disadvantage in effectively meeting customer needs