WPC 470 FINAL EXAM 2024 WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS BY
EXPERTS|FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+ |NEWEST |GUARANTEED
PASS |LATEST UPDATE
EdgeWise, Inc., a U.S. company, has decided to explore the possibility of offshoring in order to meet
certain financial benchmarks. Which of the following activities would fall within that category?
a.Selling finished products in Asia
b.Purchasing a competitor that operates in Europe
c.Contracting with a company in India to provide data-entry services
d.Opening a plant in South America
Contracting with a company in India to provide data-entry services
Which of the following do firms in a fast-cycle market try to avoid?
a.Product loyalty
b.Core competencies
c.Capabilities
d.Imitation
product loyalty
Which of the following statements regarding intangible resources is true?
a.They can be observed.
b.They are relatively difficult for competitors to analyze and imitate.
c.They can be quantified.
d.They can be acquired quickly.
They are relatively difficult for competitors to analyze and imitate.
Which of the following is NOT an incentive to diversify that comes from a firm's internal environment?
a.Low performance
b.Antitrust regulations
c.Uncertain future cash flows
d.Reduction of risk for the firm
1|Page
,antitrust regulations
Which of the following is a limit to the positive effects of the diversification associated with international
strategies?
a.Monopolies
b.Increased costs of coordination between units
c.Government oversight
d.Poor product quality
increased costs of coordination between units
Which type of restructuring strategy generally leads to more positive outcomes in both the short and
long term?
a.Management buyout
b.Whole-firm buyout
c.Downscoping
d.Downsizing
downscoping
Which of the following is NOT a reason why firms initiate competitive actions and responses in standard-
cycle markets?
a.To seek large market shares
b.To gain customer loyalty through brand names
c.To control the firm's operations carefully
d.To sustain a competitive advantage over longer periods
to sustain a competitive advantage over longer periods
Which of the following is NOT a reason for using a leveraged buyout as a restructuring strategy?
a.To correct for managerial mistakes
b.To reduce debt for the new owners
c.Because the firm's managers were making decisions that primarily served their own interests rather
than those of shareholders
d.To build firm resources and expand operations
to reduce debt for new owners
Mariah makes successful decisions regarding her firm's resources and their management. Mariah is a(n):
a.chief executive officer (CEO).
b.chief financial officer (CFO).
c.informal leader.
d.strategic leader.
strategic leader
Ranger Landscaping's website states the following: "Ranger Landscaping is a service-oriented business
that provides lawn care and landscape design, installation, and maintenance. We are committed to a
professional approach to our business and to providing our customers with individualized attention and
2|Page
,100 percent satisfaction." This statement represents Ranger Landscaping's:
a.tagline.
b.mission.
c.vision.
d.code of ethics.
mission
All of the following issues affect firms' efforts to merge on a coequal basis EXCEPT:
a.who will lead the merged firm.
b.how to fuse disparate corporate cultures.
c.how to reach an agreement about the value of each company prior to the merger.
d.how to determine the stock price per share for the merged company.
how to determine the stock price per share for the merged company.
The outcomes a firm achieves by using a global strategy become more desirable when the strategy is
used in areas in which _____ integration among countries is occurring.
a.geopolitical
b.multinational
c.national
d.regional
regional
Compared with the general environment, the industry environment has _____ effect on the competitive
actions and responses a firm takes to succeed.
a.a similar
b.a less direct
c.a more direct
d.no
a more direct
Research suggests that having a competitive advantage in logistics creates _____ value with a _____
strategy than with a _____ strategy.
a.more; cost leadership; differentiation
b.less; cost leadership; differentiation
c.more; differentiation; focus
d.less; cost leadership; focus
more; cost leadership; differentiation
Which of the following is a risk of a focus strategy?
a.Industry-wide competitors use their resources to serve a wider range of customers' needs than the
focuser has been serving.
b.Focused competitors use their resources to serve a wider range of customer needs.
c.Core competencies of a competitor attract a more broadly defined segment.
3|Page
, d.Core competencies of a competitor are used to focus on an even more narrowly defined segment,
thereby skimming off the most desired customers.
Core competencies of a competitor are used to focus on an even more narrowly defined segment,
thereby skimming off the most desired customers.
The _____ diversification strategy is associated with intangible resources that cannot be easily imitated.
a.related constrained
b.related linked
c.unrelated
d.unrelated constrained
related linked
Pat and Lee have been asked to complete a value chain analysis. Which component of an internal
analysis are they performing?
a.Identifying tangible resources
b.Exploring capabilities
c.Discovering core competencies
d.Analyzing strategic competitiveness
discovering core competencies
Hypercompetition is a condition of rapidly escalating competition based on all of the following EXCEPT:
a.competition to produce a competitive advantage based on economies of scale.
b.price-quality positioning.
c.competition to create new know-how and establish first-mover advantage.
d.competition to protect or invade established product and/or geographic markets.
competition to produce a competitive advantage based on economies of scale.
Which of the following statements about focus strategies is true?
a.They are subject to more failure than industry-wide strategies.
b.They can avoid global risk by focusing on pointed national or regional markets.
c.They are protected from risks associated with industry-wide strategies due to a position focus.
d.They are faced with more risks than are industry-wide strategies.
They are faced with more risks than are industry-wide strategies.
Which of the following is NOT an international corporate-level strategy?
a.Global strategy
b.Multicultural strategy
c.Multidomestic strategy
d.Transnational strategy
multicultural strategy
Which of the following is a value-neutral reason for diversification?
a.Reacting to new tax laws
b.Seeking market power
4|Page
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS BY
EXPERTS|FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+ |NEWEST |GUARANTEED
PASS |LATEST UPDATE
EdgeWise, Inc., a U.S. company, has decided to explore the possibility of offshoring in order to meet
certain financial benchmarks. Which of the following activities would fall within that category?
a.Selling finished products in Asia
b.Purchasing a competitor that operates in Europe
c.Contracting with a company in India to provide data-entry services
d.Opening a plant in South America
Contracting with a company in India to provide data-entry services
Which of the following do firms in a fast-cycle market try to avoid?
a.Product loyalty
b.Core competencies
c.Capabilities
d.Imitation
product loyalty
Which of the following statements regarding intangible resources is true?
a.They can be observed.
b.They are relatively difficult for competitors to analyze and imitate.
c.They can be quantified.
d.They can be acquired quickly.
They are relatively difficult for competitors to analyze and imitate.
Which of the following is NOT an incentive to diversify that comes from a firm's internal environment?
a.Low performance
b.Antitrust regulations
c.Uncertain future cash flows
d.Reduction of risk for the firm
1|Page
,antitrust regulations
Which of the following is a limit to the positive effects of the diversification associated with international
strategies?
a.Monopolies
b.Increased costs of coordination between units
c.Government oversight
d.Poor product quality
increased costs of coordination between units
Which type of restructuring strategy generally leads to more positive outcomes in both the short and
long term?
a.Management buyout
b.Whole-firm buyout
c.Downscoping
d.Downsizing
downscoping
Which of the following is NOT a reason why firms initiate competitive actions and responses in standard-
cycle markets?
a.To seek large market shares
b.To gain customer loyalty through brand names
c.To control the firm's operations carefully
d.To sustain a competitive advantage over longer periods
to sustain a competitive advantage over longer periods
Which of the following is NOT a reason for using a leveraged buyout as a restructuring strategy?
a.To correct for managerial mistakes
b.To reduce debt for the new owners
c.Because the firm's managers were making decisions that primarily served their own interests rather
than those of shareholders
d.To build firm resources and expand operations
to reduce debt for new owners
Mariah makes successful decisions regarding her firm's resources and their management. Mariah is a(n):
a.chief executive officer (CEO).
b.chief financial officer (CFO).
c.informal leader.
d.strategic leader.
strategic leader
Ranger Landscaping's website states the following: "Ranger Landscaping is a service-oriented business
that provides lawn care and landscape design, installation, and maintenance. We are committed to a
professional approach to our business and to providing our customers with individualized attention and
2|Page
,100 percent satisfaction." This statement represents Ranger Landscaping's:
a.tagline.
b.mission.
c.vision.
d.code of ethics.
mission
All of the following issues affect firms' efforts to merge on a coequal basis EXCEPT:
a.who will lead the merged firm.
b.how to fuse disparate corporate cultures.
c.how to reach an agreement about the value of each company prior to the merger.
d.how to determine the stock price per share for the merged company.
how to determine the stock price per share for the merged company.
The outcomes a firm achieves by using a global strategy become more desirable when the strategy is
used in areas in which _____ integration among countries is occurring.
a.geopolitical
b.multinational
c.national
d.regional
regional
Compared with the general environment, the industry environment has _____ effect on the competitive
actions and responses a firm takes to succeed.
a.a similar
b.a less direct
c.a more direct
d.no
a more direct
Research suggests that having a competitive advantage in logistics creates _____ value with a _____
strategy than with a _____ strategy.
a.more; cost leadership; differentiation
b.less; cost leadership; differentiation
c.more; differentiation; focus
d.less; cost leadership; focus
more; cost leadership; differentiation
Which of the following is a risk of a focus strategy?
a.Industry-wide competitors use their resources to serve a wider range of customers' needs than the
focuser has been serving.
b.Focused competitors use their resources to serve a wider range of customer needs.
c.Core competencies of a competitor attract a more broadly defined segment.
3|Page
, d.Core competencies of a competitor are used to focus on an even more narrowly defined segment,
thereby skimming off the most desired customers.
Core competencies of a competitor are used to focus on an even more narrowly defined segment,
thereby skimming off the most desired customers.
The _____ diversification strategy is associated with intangible resources that cannot be easily imitated.
a.related constrained
b.related linked
c.unrelated
d.unrelated constrained
related linked
Pat and Lee have been asked to complete a value chain analysis. Which component of an internal
analysis are they performing?
a.Identifying tangible resources
b.Exploring capabilities
c.Discovering core competencies
d.Analyzing strategic competitiveness
discovering core competencies
Hypercompetition is a condition of rapidly escalating competition based on all of the following EXCEPT:
a.competition to produce a competitive advantage based on economies of scale.
b.price-quality positioning.
c.competition to create new know-how and establish first-mover advantage.
d.competition to protect or invade established product and/or geographic markets.
competition to produce a competitive advantage based on economies of scale.
Which of the following statements about focus strategies is true?
a.They are subject to more failure than industry-wide strategies.
b.They can avoid global risk by focusing on pointed national or regional markets.
c.They are protected from risks associated with industry-wide strategies due to a position focus.
d.They are faced with more risks than are industry-wide strategies.
They are faced with more risks than are industry-wide strategies.
Which of the following is NOT an international corporate-level strategy?
a.Global strategy
b.Multicultural strategy
c.Multidomestic strategy
d.Transnational strategy
multicultural strategy
Which of the following is a value-neutral reason for diversification?
a.Reacting to new tax laws
b.Seeking market power
4|Page
