WPC 480 Final Exam Questions With
Complete Solutions
market power exists when a firm is able to sell its products above the existing competitive
level or to reduce the costs of its primary and support activities below the competitive level, or
both
multipoint competition exists when two or more diversified firms simultaneously compete
in the same product areas or geographical markets
vertical integration exists when a company produces its own inputs (backward integration)
or owns its own source of output distribution (forward integration)
financial economies are cost savings realized through improved allocations of financial
resources based on investments inside or outside the firm.
synergy exists when the value created by business units working together exceeds the
value that those same units create working independently
, WPC 480 Final Exam Questions With
Complete Solutions
business-level cooperative strategy is a strategy through which firms combine some of
their resources and capabilities for the purpose of creating a competitive advantage by competing
in one or more product markets.
complementary strategic alliances are business-level alliances in which firms share some
of their resources in complementary ways to create a competitive advantage.
Cooperative Strategy a means by which firms collaborate to achieve a shared objective
corporate-level cooperative strategy a strategy through which a firm collaborates with one
or more companies for the purpose of expanding its operations
cross-border strategic alliance is a strategy in which firms with headquarters in different
countries decide to combine some of their resources and capabilities for the purpose of creating a
competitive advantage.
diversifying strategic alliance is a strategy in which firms share some of their resources
and capabilities to engage in product and/or geographic diversification
Complete Solutions
market power exists when a firm is able to sell its products above the existing competitive
level or to reduce the costs of its primary and support activities below the competitive level, or
both
multipoint competition exists when two or more diversified firms simultaneously compete
in the same product areas or geographical markets
vertical integration exists when a company produces its own inputs (backward integration)
or owns its own source of output distribution (forward integration)
financial economies are cost savings realized through improved allocations of financial
resources based on investments inside or outside the firm.
synergy exists when the value created by business units working together exceeds the
value that those same units create working independently
, WPC 480 Final Exam Questions With
Complete Solutions
business-level cooperative strategy is a strategy through which firms combine some of
their resources and capabilities for the purpose of creating a competitive advantage by competing
in one or more product markets.
complementary strategic alliances are business-level alliances in which firms share some
of their resources in complementary ways to create a competitive advantage.
Cooperative Strategy a means by which firms collaborate to achieve a shared objective
corporate-level cooperative strategy a strategy through which a firm collaborates with one
or more companies for the purpose of expanding its operations
cross-border strategic alliance is a strategy in which firms with headquarters in different
countries decide to combine some of their resources and capabilities for the purpose of creating a
competitive advantage.
diversifying strategic alliance is a strategy in which firms share some of their resources
and capabilities to engage in product and/or geographic diversification
