WPC 480 ASU final Questions With Complete Solutions

The two business models we reviewed—Industrial Organization and Resource-Based—focus, respectively, on _____ and _____ analysis: correct answer: external; internal What is the primary objective of a company strategy? correct answer: Achieving sustainable competitive advantage. Below are several statements from companies. Which of these is a vision statement? correct answer: Habitat for Humanity: A world where everyone has a decent place to live. A mission statement can describe: correct answer: what the company does in terms of its customers and their needs and what core competencies it utilizes to meet those needs. When segmenting global geographical markets, what countries would an analyst review when doing a MINT analysis? correct answer: Mexico, Indonesia, Nigeria, Turkey A telecommunications company is impacted by government regulations of the wireless spectrum, cell tower locations, and internet accessibility. The company decides to hire a lobbying firm to represent its interests with the U.S. government, specifically the FCC, FTC, and Congress. This is an example of a company managing which PESTEL environmental factor? correct answer: Political