SOM 354 Chapter 12 questions and answers
graded A+ already passed
1. A(n) is a method or plan a company - Minimize
uses to bring about a desired result, such as factor
achievement of a goal or solution to a endowments
problem - Increase
foreign
- objective exchange risk
- strategy
- mission
- vision
2. According to the basic strategy paradigm,
in order to maximize profitability a firm has to
pick a position on the efficiency frontier that
.
- provides the lowest cost
- has enough demand
- can be produced the fastest
- has previous sales
3. The difference between a firm's production
costs and the value consumers perceive in
its products is called .
- strategic fit
- absolute advantage
- core competence
- value creation
4. What are three ways becoming a
multinational company can increase a firm's
profitability? (Select all that apply.)
,SOM 354 Chapter 12 questions and answers
graded A+ already passed
-strategy
-has enough demand
-value creation
-Realize location economies
-Expand the market for their domestic product
-Realize greater cost economies
, SOM 354 Chapter 12 questions and answers
graded A+ already passed
- Realize location economies
- Expand the market for their domestic
product
- Realize greater cost economies
-primary activities
5. What are the two categories of operations -support activities
within a company? (Select all that apply)
- Differential activities
- Profit activities
- Primary activities
- Support activities
6. Chilly Cooler Corp. has developed a technology that - core
competence
allows its coolers to stay cold 25 percent
longer than any of their competitors coolers.
While many competitors have tried to
match this technology, so far none of
them have. This technology is an example
of a(n) for Chilly Cooler.
- factor endowment
- core competence
- economy of scale
- greenfield venture
7. Niagara Energy builds all of its energy - economies of
plants near large water sources to take scale
advantage of the lower costs associated with - mass
hydro-power. This company is using to customizatio
determine where to build its plants. n
- location
graded A+ already passed
1. A(n) is a method or plan a company - Minimize
uses to bring about a desired result, such as factor
achievement of a goal or solution to a endowments
problem - Increase
foreign
- objective exchange risk
- strategy
- mission
- vision
2. According to the basic strategy paradigm,
in order to maximize profitability a firm has to
pick a position on the efficiency frontier that
.
- provides the lowest cost
- has enough demand
- can be produced the fastest
- has previous sales
3. The difference between a firm's production
costs and the value consumers perceive in
its products is called .
- strategic fit
- absolute advantage
- core competence
- value creation
4. What are three ways becoming a
multinational company can increase a firm's
profitability? (Select all that apply.)
,SOM 354 Chapter 12 questions and answers
graded A+ already passed
-strategy
-has enough demand
-value creation
-Realize location economies
-Expand the market for their domestic product
-Realize greater cost economies
, SOM 354 Chapter 12 questions and answers
graded A+ already passed
- Realize location economies
- Expand the market for their domestic
product
- Realize greater cost economies
-primary activities
5. What are the two categories of operations -support activities
within a company? (Select all that apply)
- Differential activities
- Profit activities
- Primary activities
- Support activities
6. Chilly Cooler Corp. has developed a technology that - core
competence
allows its coolers to stay cold 25 percent
longer than any of their competitors coolers.
While many competitors have tried to
match this technology, so far none of
them have. This technology is an example
of a(n) for Chilly Cooler.
- factor endowment
- core competence
- economy of scale
- greenfield venture
7. Niagara Energy builds all of its energy - economies of
plants near large water sources to take scale
advantage of the lower costs associated with - mass
hydro-power. This company is using to customizatio
determine where to build its plants. n
- location
