©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
Essentials of Strategic Management Final
Exam Questions And Answers |Latest 2025 |
Guaranteed Pass
A well-conceived strategy builds a company's - Answer✔Ethical worthiness and corporate social
responsibility
Which of the following is not a frequently used strategic approach to setting a company apart
from rivals and achieving a sustainable competitive advantage? - Answer✔Simply trying to
mimic successful strategies of rivals
An industrial air-conditioner manufacturing giant decides to outsource its operations to a new
geographical location with cheaper labor amidst ongoing labor strikes in a few of its existing
locations (due to proposed job cuts and relocation of the plant offshore). This draws criticism in
its home market and affects its current market position and productivity. Which of the
following would be an appropriate reactive (emergent) strategy while moving forward? -
Answer✔Canceling the job cuts till the market situation and entry operations stabilize
A company achieves sustainable competitive advantage when - Answer✔a sufficiently large
number of buyers have a lasting preference for its products or services as compared to the
offerings of competitors.
A company's realized business strategy is made up of - Answer✔both deliberate and/or planned
initiatives that have proven themselves in the marketplace and newly launched initiatives
aimed at further boosting performance and emergent and/or reactive adjustments to
unanticipated strategic moves by rivals, unexpected changes in customer preferences, and new
market opportunities.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
Which of the following is a not a frequently used strategic approach to setting a company apart
from rivals and achieving a sustainable competitive advantage? - Answer✔Copying rivals on
their competitive moves
Different companies across different industries adopt any one of the five generic strategies to
gain competitive advantage. Which of the following businesses is most likely to use a low-cost
provider strategy? - Answer✔A baby products retailer sells unassembled baby furniture
produced in China
Amy's Drive-Thru, a fast food facility near a college campus, offers healthy, sustainably grown
vegetarian and vegan fast-food at higher prices than its competitors in the market and has a
drive-through and indoor-seated, casual-dining operation. What strategy is Amy's Drive-Thru
using to gain a competitive advantage? - Answer✔A focused differentiation strategy
A company's strategy has a chance of succeeding only when it is predicated on -
Answer✔actions, business approaches, and competitive moves aimed at appealing to buyers
and setting the company apart from rivals.
The essence of strategy is - Answer✔developing lasting success that can support growth and
secure the company's future over the long term.
A creative, distinctive strategy that delivers a sustainable, competitive advantage is important
because - Answer✔a strategy that yields a competitive advantage over rivals is a company's
most reliable means of achieving above-average profitability and financial performance.
Managers of every company should be willing and ready to modify their strategy because -
Answer✔market conditions and circumstances are changing over time or the current strategy is
clearly failing.
2
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
A company's strategy consists of - Answer✔competitive moves and approaches that managers
have developed to grow the business, attract and please customers, conduct operations, and
achieve targeted objectives.
Managers in all types of businesses must develop a clear answer for which of the following
questions? - Answer✔What is the set of actions that we need to take to outperform the
company's competitors and achieve superior profitability?
A pharmaceutical giant acquires a manufacturer of rare specialty drugs to improve its falling
share prices and invests all its wealth into the deal. Due to a deficit, it agrees to do a joint
venture for the acquisition and involves a major automobile giant to fund the deal. After a
rocky start, the companies now have a strong market position and generate good profits.
Which of the following regarding the company's strategy is true? - Answer✔It is a winning
strategy.
A company's strategy is a "work in progress" and evolves over time because of the -
Answer✔ongoing need of company managers to react and respond to changing industry and
competitive conditions.
Consider the following three companies and their strategies: Company A is an established
database management company that acquires a well-reputed but small publishing house to
enter the booming publishing industry.Company B, a sports management house, declared
bankruptcy during a recent recession but now has created a television network that airs
regional sports events.Company C, a package delivery business, is a startup based on delivery
efficiency models created by a few students and delivers almost all kinds of packages. Which of
the following describes the use of strategies by these companies accurately? - Answer✔All
three companies employ deliberate strategies.
Rainbow Resorts Inc. has multiple tropical resorts in various locations. In a crowded market that
caters to all kinds of consumers, this resort caters mainly to LGBTQ customers with a
guaranteed hassle-free holiday experience at a premium price. What strategy is Rainbow using
to gain competitive advantage? - Answer✔A focused differentiation strategy
3
Essentials of Strategic Management Final
Exam Questions And Answers |Latest 2025 |
Guaranteed Pass
A well-conceived strategy builds a company's - Answer✔Ethical worthiness and corporate social
responsibility
Which of the following is not a frequently used strategic approach to setting a company apart
from rivals and achieving a sustainable competitive advantage? - Answer✔Simply trying to
mimic successful strategies of rivals
An industrial air-conditioner manufacturing giant decides to outsource its operations to a new
geographical location with cheaper labor amidst ongoing labor strikes in a few of its existing
locations (due to proposed job cuts and relocation of the plant offshore). This draws criticism in
its home market and affects its current market position and productivity. Which of the
following would be an appropriate reactive (emergent) strategy while moving forward? -
Answer✔Canceling the job cuts till the market situation and entry operations stabilize
A company achieves sustainable competitive advantage when - Answer✔a sufficiently large
number of buyers have a lasting preference for its products or services as compared to the
offerings of competitors.
A company's realized business strategy is made up of - Answer✔both deliberate and/or planned
initiatives that have proven themselves in the marketplace and newly launched initiatives
aimed at further boosting performance and emergent and/or reactive adjustments to
unanticipated strategic moves by rivals, unexpected changes in customer preferences, and new
market opportunities.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
Which of the following is a not a frequently used strategic approach to setting a company apart
from rivals and achieving a sustainable competitive advantage? - Answer✔Copying rivals on
their competitive moves
Different companies across different industries adopt any one of the five generic strategies to
gain competitive advantage. Which of the following businesses is most likely to use a low-cost
provider strategy? - Answer✔A baby products retailer sells unassembled baby furniture
produced in China
Amy's Drive-Thru, a fast food facility near a college campus, offers healthy, sustainably grown
vegetarian and vegan fast-food at higher prices than its competitors in the market and has a
drive-through and indoor-seated, casual-dining operation. What strategy is Amy's Drive-Thru
using to gain a competitive advantage? - Answer✔A focused differentiation strategy
A company's strategy has a chance of succeeding only when it is predicated on -
Answer✔actions, business approaches, and competitive moves aimed at appealing to buyers
and setting the company apart from rivals.
The essence of strategy is - Answer✔developing lasting success that can support growth and
secure the company's future over the long term.
A creative, distinctive strategy that delivers a sustainable, competitive advantage is important
because - Answer✔a strategy that yields a competitive advantage over rivals is a company's
most reliable means of achieving above-average profitability and financial performance.
Managers of every company should be willing and ready to modify their strategy because -
Answer✔market conditions and circumstances are changing over time or the current strategy is
clearly failing.
2
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
A company's strategy consists of - Answer✔competitive moves and approaches that managers
have developed to grow the business, attract and please customers, conduct operations, and
achieve targeted objectives.
Managers in all types of businesses must develop a clear answer for which of the following
questions? - Answer✔What is the set of actions that we need to take to outperform the
company's competitors and achieve superior profitability?
A pharmaceutical giant acquires a manufacturer of rare specialty drugs to improve its falling
share prices and invests all its wealth into the deal. Due to a deficit, it agrees to do a joint
venture for the acquisition and involves a major automobile giant to fund the deal. After a
rocky start, the companies now have a strong market position and generate good profits.
Which of the following regarding the company's strategy is true? - Answer✔It is a winning
strategy.
A company's strategy is a "work in progress" and evolves over time because of the -
Answer✔ongoing need of company managers to react and respond to changing industry and
competitive conditions.
Consider the following three companies and their strategies: Company A is an established
database management company that acquires a well-reputed but small publishing house to
enter the booming publishing industry.Company B, a sports management house, declared
bankruptcy during a recent recession but now has created a television network that airs
regional sports events.Company C, a package delivery business, is a startup based on delivery
efficiency models created by a few students and delivers almost all kinds of packages. Which of
the following describes the use of strategies by these companies accurately? - Answer✔All
three companies employ deliberate strategies.
Rainbow Resorts Inc. has multiple tropical resorts in various locations. In a crowded market that
caters to all kinds of consumers, this resort caters mainly to LGBTQ customers with a
guaranteed hassle-free holiday experience at a premium price. What strategy is Rainbow using
to gain competitive advantage? - Answer✔A focused differentiation strategy
3
