GLO-BUS FINAL QUESTION SET WITH
RATIONALES AND GLOBAL COMPETITIVE
STRATEGY AND FIRM MANAGEMENT REVIEW
2026
◉ Which of the following is NOT something a company's strategy is
concerned with.
Answer: Management's choice of which of several alternative
business models to employ in delivering value to customers and to
shareholders
◉ A portion of a company's strategy is always developed on the fly
because.
Answer: managers must always be willing to supplement or modify
various proactive strategy elements with as-needed reactions to
unanticipated happenings in the surrounding environment
◉ Which of the following questions can be used to distinguish a
winning strategy from a mediocre or losing strategy?.
Answer: How well does the strategy fit the company's situation?
◉ The reputational and financial damage that unethical strategies
and behavior can do to a company.
,Answer: is substantial; consequently, there are good business
reasons for a company and its personnel to avoid unethical strategic
actions and behaviors
◉ A company's business model.
Answer: sets forth how its strategy and operating approaches will
create value for customers while at the same time generating
revenues sufficient to cover costs and realize a profit
◉ The two crucial elements of a company's business model are.
Answer: its customer value propoition (which lays out the
company's approach to satisfying buyer needs and requirements at a
price they will consider a good value) and its profit proposition or
"profit formula" (its business approach to generating sufficiently
large revenues and controlling the costs of its customer value
propoition, such that the company will be able to simultaneously
deliver the intended value to customers and delvier appealing
profits to shareholders)
◉ How well a company performs and the degree of market success it
achieves are directly attributable to.
Answer: the caliber of its strategy and the proficiency with which
the strategy is executed
,◉ What makes a competitive advantage sustainable or durable as
opposed to temporary is.
Answer: actions or elements in the strategy that cause an attractive
number of buyers to have lasting reasons to purchase a company's
products or services, despite competitors' best efforts to nullify or
overcome those reasons
◉ The competitive moves and business apporaches a company's
management is using to attract and please customers, compete
successfully, grow the business, respond to changing market
conditions, conduct oeprations, and achieve the targeted financial
and market performance is what defines a company's.
Answer: strategy
◉ A company's strategy is a "work in progress" and evolves over
time because of.
Answer: the need to react and respond to changing market and
competitive conditions and ongoing management efforts to improve
this or that piece of the strategy
◉ Which of the following statements about a company's strategy is
false?.
Answer: A company's strategy is deliberately kept under wraps by
top-level managers so as to catch rival companies by surprise and
keep them off-balance
, ◉ A company's strategy can be considered "ethical".
Answer: if it does not entail actions or behaviors that cross the
moral line from "can do" to "should not do"
◉ According to Figure 1.1, which of the following is NOT something
to look for in identifying a company's strategy.
Answer: Actions to strengthen the company's competitive position
by laying off a portion of its work force or paying down its long-term
debt
◉ A creative, distinctive strategy that sets a company apart from
rivals and delivers superior value to customers.
Answer: is a company's most reliable ticket for winning a
competitive advantage over rivals
◉ Chapter 2.
Answer: Chapter 2
◉ A set of "stretch" financial and strategic objectives.
Answer: helps a company avoid ho-hum results
◉ Which of the following is the best example of a well-stated
strategic objective?.
RATIONALES AND GLOBAL COMPETITIVE
STRATEGY AND FIRM MANAGEMENT REVIEW
2026
◉ Which of the following is NOT something a company's strategy is
concerned with.
Answer: Management's choice of which of several alternative
business models to employ in delivering value to customers and to
shareholders
◉ A portion of a company's strategy is always developed on the fly
because.
Answer: managers must always be willing to supplement or modify
various proactive strategy elements with as-needed reactions to
unanticipated happenings in the surrounding environment
◉ Which of the following questions can be used to distinguish a
winning strategy from a mediocre or losing strategy?.
Answer: How well does the strategy fit the company's situation?
◉ The reputational and financial damage that unethical strategies
and behavior can do to a company.
,Answer: is substantial; consequently, there are good business
reasons for a company and its personnel to avoid unethical strategic
actions and behaviors
◉ A company's business model.
Answer: sets forth how its strategy and operating approaches will
create value for customers while at the same time generating
revenues sufficient to cover costs and realize a profit
◉ The two crucial elements of a company's business model are.
Answer: its customer value propoition (which lays out the
company's approach to satisfying buyer needs and requirements at a
price they will consider a good value) and its profit proposition or
"profit formula" (its business approach to generating sufficiently
large revenues and controlling the costs of its customer value
propoition, such that the company will be able to simultaneously
deliver the intended value to customers and delvier appealing
profits to shareholders)
◉ How well a company performs and the degree of market success it
achieves are directly attributable to.
Answer: the caliber of its strategy and the proficiency with which
the strategy is executed
,◉ What makes a competitive advantage sustainable or durable as
opposed to temporary is.
Answer: actions or elements in the strategy that cause an attractive
number of buyers to have lasting reasons to purchase a company's
products or services, despite competitors' best efforts to nullify or
overcome those reasons
◉ The competitive moves and business apporaches a company's
management is using to attract and please customers, compete
successfully, grow the business, respond to changing market
conditions, conduct oeprations, and achieve the targeted financial
and market performance is what defines a company's.
Answer: strategy
◉ A company's strategy is a "work in progress" and evolves over
time because of.
Answer: the need to react and respond to changing market and
competitive conditions and ongoing management efforts to improve
this or that piece of the strategy
◉ Which of the following statements about a company's strategy is
false?.
Answer: A company's strategy is deliberately kept under wraps by
top-level managers so as to catch rival companies by surprise and
keep them off-balance
, ◉ A company's strategy can be considered "ethical".
Answer: if it does not entail actions or behaviors that cross the
moral line from "can do" to "should not do"
◉ According to Figure 1.1, which of the following is NOT something
to look for in identifying a company's strategy.
Answer: Actions to strengthen the company's competitive position
by laying off a portion of its work force or paying down its long-term
debt
◉ A creative, distinctive strategy that sets a company apart from
rivals and delivers superior value to customers.
Answer: is a company's most reliable ticket for winning a
competitive advantage over rivals
◉ Chapter 2.
Answer: Chapter 2
◉ A set of "stretch" financial and strategic objectives.
Answer: helps a company avoid ho-hum results
◉ Which of the following is the best example of a well-stated
strategic objective?.
