2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
WPC 470 Moore ASU Final Exam Questions &
100% Correct Answers- Latest Test | Graded
A+ | Passed
Business-level strategy
✓ -:- The goal-directed actions managers take in their quest for competitive
advantage when competing in a single product market
Blue ocean strategy
✓ -:- Business level strategy that successfully combines differentiation and cost-
leadership activities using value innovation to reconcile the inherent tradeoffs
Cost-leadership strategy
✓ -:- Generic business strategy that seeks to create the same or similar value for
customers at a lower cost
Differentiation strategy
✓ -:- Generic business strategy that seeks to create higher value for customers than
the value that competitors create, while containing costs
Diseconomies of scale
1|Page | Grade A+| 2024/2025
,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
✓ -:- Increases in cost per unit when output increases
Economies of scale
✓ -:- Decreases in cost per unit as output increases
Economies of scope
✓ -:- Savings that come from producing two or more outputs at less cost than
producing each output individually, despite using the same resources and
technology
Minimum efficient scale (MES)
✓ -:- Output range needed to bring down the cost per unit as much as possible,
allowing a firm to stake out the lowest-cost position that is achievable through
economies of scale
Strategic trade-offs
✓ -:- Choices between a cost or value position. Such choices are necessary because
higher value creation tends to generate higher cost
Architectural innovation
2|Page | Grade A+| 2024/2025
, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
✓ -:- A new product which known components, based on existing technologies, are
reconfigured In a novel way to attack new markets
Disruptive innovation
✓ -:- An innovation that leverages new technologies to attack existing markets from
the bottom up
Incremental innovation
✓ -:- An innovation that squarely builds on an established knowledge base and steadily
improves an existing product or service
Process innovation
✓ -:- New ways to produce existing products or deliver existing services
Value innovation
✓ -:- The simultaneous pursuit of differentiation and low cost in a way that creates a
leap in value for both the firm and the consumers; considered a cornerstone of blue
ocean strategy
Crossing-the-chasm framework
3|Page | Grade A+| 2024/2025
WPC 470 Moore ASU Final Exam Questions &
100% Correct Answers- Latest Test | Graded
A+ | Passed
Business-level strategy
✓ -:- The goal-directed actions managers take in their quest for competitive
advantage when competing in a single product market
Blue ocean strategy
✓ -:- Business level strategy that successfully combines differentiation and cost-
leadership activities using value innovation to reconcile the inherent tradeoffs
Cost-leadership strategy
✓ -:- Generic business strategy that seeks to create the same or similar value for
customers at a lower cost
Differentiation strategy
✓ -:- Generic business strategy that seeks to create higher value for customers than
the value that competitors create, while containing costs
Diseconomies of scale
1|Page | Grade A+| 2024/2025
,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
✓ -:- Increases in cost per unit when output increases
Economies of scale
✓ -:- Decreases in cost per unit as output increases
Economies of scope
✓ -:- Savings that come from producing two or more outputs at less cost than
producing each output individually, despite using the same resources and
technology
Minimum efficient scale (MES)
✓ -:- Output range needed to bring down the cost per unit as much as possible,
allowing a firm to stake out the lowest-cost position that is achievable through
economies of scale
Strategic trade-offs
✓ -:- Choices between a cost or value position. Such choices are necessary because
higher value creation tends to generate higher cost
Architectural innovation
2|Page | Grade A+| 2024/2025
, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
✓ -:- A new product which known components, based on existing technologies, are
reconfigured In a novel way to attack new markets
Disruptive innovation
✓ -:- An innovation that leverages new technologies to attack existing markets from
the bottom up
Incremental innovation
✓ -:- An innovation that squarely builds on an established knowledge base and steadily
improves an existing product or service
Process innovation
✓ -:- New ways to produce existing products or deliver existing services
Value innovation
✓ -:- The simultaneous pursuit of differentiation and low cost in a way that creates a
leap in value for both the firm and the consumers; considered a cornerstone of blue
ocean strategy
Crossing-the-chasm framework
3|Page | Grade A+| 2024/2025
