WPC 480 ASU final Exam 2026 Questions
Answers
The two business models we reviewed—Industrial Organization and Resource-
Based—focus, respectively, on _____ and _____ analysis: - Correct answer-
external; internal
What is the primary objective of a company strategy? - Correct answer-Achieving
sustainable competitive advantage.
Below are several statements from companies. Which of these is a vision
statement? - Correct answer-Habitat for Humanity: A world where everyone has a
decent place to live.
A mission statement can describe: - Correct answer-what the company does in
terms of its customers and their needs and what core competencies it utilizes to
meet those needs.
When segmenting global geographical markets, what countries would an analyst
review when doing a MINT analysis? - Correct answer-Mexico, Indonesia,
Nigeria, Turkey
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, A telecommunications company is impacted by government regulations of the
wireless spectrum, cell tower locations, and internet accessibility. The company
decides to hire a lobbying firm to represent its interests with the U.S. government,
specifically the FCC, FTC, and Congress. This is an example of a company
managing which PESTEL environmental factor? - Correct answer-Political
The likelihood of entry of new competitors is affected by _____ and _____. -
Correct answer-barriers to entry; expected retaliation of current industry
organizations
From Five Forces analysis, suppliers are most powerful when a company: - Correct
answer-would have switching costs if it went to a different supplier because the
current supplier's products are unique.
An intangible resource is one that: - Correct answer-is rooted deeply in the
company history and culture, is gathered over time, and is difficult for competitors
to analyze or imitate.
All core competencies have the potential to become core: - Correct answer-
rigidities.
In the resource-based model of above-average returns, a core competency is -
Correct answer-something that gives a company an edge over the competition,
something that the company possesses that its competitors do not have, and
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Answers
The two business models we reviewed—Industrial Organization and Resource-
Based—focus, respectively, on _____ and _____ analysis: - Correct answer-
external; internal
What is the primary objective of a company strategy? - Correct answer-Achieving
sustainable competitive advantage.
Below are several statements from companies. Which of these is a vision
statement? - Correct answer-Habitat for Humanity: A world where everyone has a
decent place to live.
A mission statement can describe: - Correct answer-what the company does in
terms of its customers and their needs and what core competencies it utilizes to
meet those needs.
When segmenting global geographical markets, what countries would an analyst
review when doing a MINT analysis? - Correct answer-Mexico, Indonesia,
Nigeria, Turkey
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, A telecommunications company is impacted by government regulations of the
wireless spectrum, cell tower locations, and internet accessibility. The company
decides to hire a lobbying firm to represent its interests with the U.S. government,
specifically the FCC, FTC, and Congress. This is an example of a company
managing which PESTEL environmental factor? - Correct answer-Political
The likelihood of entry of new competitors is affected by _____ and _____. -
Correct answer-barriers to entry; expected retaliation of current industry
organizations
From Five Forces analysis, suppliers are most powerful when a company: - Correct
answer-would have switching costs if it went to a different supplier because the
current supplier's products are unique.
An intangible resource is one that: - Correct answer-is rooted deeply in the
company history and culture, is gathered over time, and is difficult for competitors
to analyze or imitate.
All core competencies have the potential to become core: - Correct answer-
rigidities.
In the resource-based model of above-average returns, a core competency is -
Correct answer-something that gives a company an edge over the competition,
something that the company possesses that its competitors do not have, and
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
