Business Capstone Exam Questions (All solved)

While a vision statement describes what the company ultimately wants to become, the mission statement describes the company's ________. A) competitive advantage B) external environment C) enduring purpose D) social value correct answers C) enduring purpose According to our course material, the strategic management process entails three ongoing, and integrated, processes. These processes are: A) analyses, actions, and synthesis. B) analyses, formulation, and implementation. C) analyses, evaluation, and critical response. D) analyses, synthesis, and decision-making correct answers B) analyses, formulation, and implementation Bobcat Corp. is a leading exercise brand that finds it hard to make as much profit as its competitors. In order to overcome this, the employees of Bobcat Corp. decide to work harder to provide unique value to customers and increase the sales of the company. After a year, it is able to make more profits than its competitors. This scenario best illustrates ________. A) competitive advantage B) internal analysis C) external analysis D) customer advantage correct answers A) competitive advantage The management of Globo Network Inc., a cell phone company, wants to conduct an overall study of the company. The top officials want to identify Globo Network's competencies, limitations that the company needs to improve on, areas of growth, as well as the areas that the company should completely avoid. The managers feel that this study will help them advance as an organization. This study to be conducted by the management of Globo Network Inc. can be best categorized as an example of a ________. A) growth-share matrix B) SWOT analysis C) trend analysis D) PEST analysis correct answers B) SWOT analysis You are the CEO of a nursing home corporation. Through your studies in Strategic Management you know that it is important to keep track of the demographic segment of the General Environment. Which of the following trends would be most informative to you in gathering information from this segment?