WPC 480 Final Exam| 260 Questions| With Complete Solutions
What is strategy? correct answer: An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? correct answer: Internal and External. What are the 3 business strategies? correct answer: 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? correct answer: Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? correct answer: Compare firm performance to a benchmark. What is sustainable competitive advantage? correct answer: Outperforming competitors or the industry average over a prolonged period of time. What is competitive disadvantage? correct answer: Underperformance relative to other competitors in the same industry or the industry average.
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Arizona State University
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WPC 480
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- 7 juni 2023
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