WPC 480 ASU EXAMINATION TEST 2026
SOLVED QUESTIONS 100% CORRECT
◉ What is the primary objective of a company strategy? Answer:
Achieving sustainable competitive advantage.
◉ Below are several statements from companies. Which of these is a
vision statement? Answer: Habitat for Humanity: A world where
everyone has a decent place to live.
◉ A mission statement can describe: 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? Answer: Mexico,
Indonesia, Nigeria, Turkey
◉ 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? Answer: Political
, ◉ The likelihood of entry of new competitors is affected by _____ and
_____. Answer: barriers to entry; expected retaliation of current industry
organizations
◉ From Five Forces analysis, suppliers are most powerful when a
company: 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: 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: Answer:
rigidities.
◉ In the resource-based model of above-average returns, a core
competency is Answer: something that gives a company an edge over
the competition, something that the company possesses that its
competitors do not have, and something that is too difficult or costly for
competitors to copy or produce an alternative.
◉ A company is analyzing its value chain to discover its value-creating
activities. While formulating its strategy, the firm will: Answer: evaluate
the primary activities and support functions to determine which of these
contribute the greatest value in the product or service being sold to
customers.
SOLVED QUESTIONS 100% CORRECT
◉ What is the primary objective of a company strategy? Answer:
Achieving sustainable competitive advantage.
◉ Below are several statements from companies. Which of these is a
vision statement? Answer: Habitat for Humanity: A world where
everyone has a decent place to live.
◉ A mission statement can describe: 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? Answer: Mexico,
Indonesia, Nigeria, Turkey
◉ 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? Answer: Political
, ◉ The likelihood of entry of new competitors is affected by _____ and
_____. Answer: barriers to entry; expected retaliation of current industry
organizations
◉ From Five Forces analysis, suppliers are most powerful when a
company: 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: 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: Answer:
rigidities.
◉ In the resource-based model of above-average returns, a core
competency is Answer: something that gives a company an edge over
the competition, something that the company possesses that its
competitors do not have, and something that is too difficult or costly for
competitors to copy or produce an alternative.
◉ A company is analyzing its value chain to discover its value-creating
activities. While formulating its strategy, the firm will: Answer: evaluate
the primary activities and support functions to determine which of these
contribute the greatest value in the product or service being sold to
customers.
