BUSI 4940 EXAM 1 QUESTIONS & ANSWERS
A __________ is a detailed plan that relates to how a business proposes to compete
and win in the marketplace. - Answer -business strategy
In your PEST analysis of the fast-casual dining industry you note a Social trend toward
urbanization of the population. You realize that this is a strong force for the fast-casual
dining industry because these restaurants need to locate stores in close proximity to
customers. Ultimately, you classify this force as a - Answer -Key Survival Factor
For a business capabilities to create a competitive advantage it should be - Answer -
Valuable, Rare, Inimitable, Organizable
In the SBI process, the best tool to use to conduct a broad environment analysis is -
Answer -PEST
Auto Dealer Inc. differentiates the firm by offering "no-haggle" pricing. This is an
example of - Answer -customer value created through execution
When analyzing operating performances of a firm, I need to look at - Answer -financial
position, profitability and market share
(all of the above)
A company's ability to create new products and services would best support which
strategic orientation? - Answer -Broad Product Focus, Broad Market Focus, Unique
Products
Which of the following is an appropriately stated goal? - Answer -Shoemaker Inc. will
introduce 5 new products in its women's open toed sandal line by December 31, 2016.
In a public statement the CEO of Shoemaker, Inc. declares that the company will not be
making any of those "new-fangled" wedge sandals even though wedge sandal sales
make up a large percentage of competitor firm's total sandal sales. Shoemaker Inc. is
losing market share and profits are suffering. This is an example of - Answer -
management's frozen preferences
Organizational Capabilities arise from - Answer -Management Preferences, Firm
Resources, and Organizing Processes
A firm's Debt/Equity ratio is a measure of its - Answer -operating performance
In assessing Shoemaker, Inc's strategy, Joe notes that the firm produces 10 products.
There are over 1,000 total products offered by all firms in the industry. Shoemaker, Inc.
has a - Answer -narrow product focus
A __________ is a detailed plan that relates to how a business proposes to compete
and win in the marketplace. - Answer -business strategy
In your PEST analysis of the fast-casual dining industry you note a Social trend toward
urbanization of the population. You realize that this is a strong force for the fast-casual
dining industry because these restaurants need to locate stores in close proximity to
customers. Ultimately, you classify this force as a - Answer -Key Survival Factor
For a business capabilities to create a competitive advantage it should be - Answer -
Valuable, Rare, Inimitable, Organizable
In the SBI process, the best tool to use to conduct a broad environment analysis is -
Answer -PEST
Auto Dealer Inc. differentiates the firm by offering "no-haggle" pricing. This is an
example of - Answer -customer value created through execution
When analyzing operating performances of a firm, I need to look at - Answer -financial
position, profitability and market share
(all of the above)
A company's ability to create new products and services would best support which
strategic orientation? - Answer -Broad Product Focus, Broad Market Focus, Unique
Products
Which of the following is an appropriately stated goal? - Answer -Shoemaker Inc. will
introduce 5 new products in its women's open toed sandal line by December 31, 2016.
In a public statement the CEO of Shoemaker, Inc. declares that the company will not be
making any of those "new-fangled" wedge sandals even though wedge sandal sales
make up a large percentage of competitor firm's total sandal sales. Shoemaker Inc. is
losing market share and profits are suffering. This is an example of - Answer -
management's frozen preferences
Organizational Capabilities arise from - Answer -Management Preferences, Firm
Resources, and Organizing Processes
A firm's Debt/Equity ratio is a measure of its - Answer -operating performance
In assessing Shoemaker, Inc's strategy, Joe notes that the firm produces 10 products.
There are over 1,000 total products offered by all firms in the industry. Shoemaker, Inc.
has a - Answer -narrow product focus
