SEVI Exam 1 - Ryan Cooper Questions with
verified answers graded A+
1. Strategy Goal-directed actions to gain & sustain superior performance relative
to competi- tors
2. 3 Elements of -a diagnosis of the competitive challenge
a Good
Strategy -a guiding policy to address the competitive challenge
-a set of coherent actions to implement the firm's guiding pollicy
3. Competitive Ad- Superior performance relative to other competitors in the same industry
vantage
or the industry average
4. Sustainable Com- A firm that is able to outperform its competitors or the industry
average over a
petitive Advan- prolonged period
tage
5. Competitive Dis-
advantage A firm that underperforms its rivals & the industry average
6. Competitive
Pari- ty 2 or more firms that perform at the same level
7. Gain a
Competi- tive
Advantage Provide goods or services that consumers value more highly than
competitors or are similar to competitors at a lower price
8. Strategic
Posi- tioning A unique position within an industry that allows the firm to provide value
9. A Unique to customers, while controlling costs
Strate- gic
Position Competitive advantage has come from performing ditterent activities and
perform- ing the same activities ditterently than rivals
10. Value Creation Companies with a good strategy are able to provide products or services
to
consumers (lays foundation for a successful economy)
1/
9
, SEVI Exam 1 - Ryan Cooper Questions with
verified answers graded A+
11. External -customers
Stake- holders
-suppliers
2/
9
verified answers graded A+
1. Strategy Goal-directed actions to gain & sustain superior performance relative
to competi- tors
2. 3 Elements of -a diagnosis of the competitive challenge
a Good
Strategy -a guiding policy to address the competitive challenge
-a set of coherent actions to implement the firm's guiding pollicy
3. Competitive Ad- Superior performance relative to other competitors in the same industry
vantage
or the industry average
4. Sustainable Com- A firm that is able to outperform its competitors or the industry
average over a
petitive Advan- prolonged period
tage
5. Competitive Dis-
advantage A firm that underperforms its rivals & the industry average
6. Competitive
Pari- ty 2 or more firms that perform at the same level
7. Gain a
Competi- tive
Advantage Provide goods or services that consumers value more highly than
competitors or are similar to competitors at a lower price
8. Strategic
Posi- tioning A unique position within an industry that allows the firm to provide value
9. A Unique to customers, while controlling costs
Strate- gic
Position Competitive advantage has come from performing ditterent activities and
perform- ing the same activities ditterently than rivals
10. Value Creation Companies with a good strategy are able to provide products or services
to
consumers (lays foundation for a successful economy)
1/
9
, SEVI Exam 1 - Ryan Cooper Questions with
verified answers graded A+
11. External -customers
Stake- holders
-suppliers
2/
9
