Bus 4385 Exam 1 Questions And Answers-All Correct
when a firm successfully formulates and implements a value-creating strategy? - ANSWER strategic competitiveness coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage? - ANSWER strategy capabilities that serve as a source of competitive advantage for a firm over its rivals? - ANSWER core competencies ability for a set of resources to perform a task or activity in an integrative manner? - ANSWER capability when a firm implements a strategy that creates superior value for customers and its competitors are unable to duplicate or find too costly to imitate? - ANSWER competitive advantage returns in excess of what an investor expects to earn from other investments with a similar amount of risk? - ANSWER above average returns expected return based on other investments with similar risk? - ANSWER average returns investor's uncertainty about economic gain or loss resulting from an investment? - ANSWER risk full set of commitment, decisions, and actions required for a firm to achieve strategic competitiveness and earn above average returns? - ANSWER strategic management process where goods, services, people, skills and ideas move freely across geographical borders? - ANSWER global economy increasing economic interdependence among countries and their organizations as reflected in the flow of goods, services, financial capital, and knowledge across borders? - ANSWER globalization speed at which new technologies become available and are used? - ANSWER technology diffusion
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