WPC 480 QUIZZES 7-12 EXAM QUESTIONS WITH CORRECT ANSWERS LATESTB UPDATE 2026
How has Apple been able to sustain its competitive advantage in the smartphone industry? - Answers
by regularly introducing incremental improvements in its products
Which of the following below is not considered an advantage of utilizing a platform business model? -
Answers Platforms push firms to constantly engage in radical innovation in order to produce goods
and services for the market.
Digital photography replacing film photography is an example of which type of innovation? - Answers
disruptive
Which of the following statements accurately brings out the difference between technology
enthusiasts and early adopters? - Answers Unlike technology enthusiasts, early adopters' demand is
fueled more by intuition and vision rather than technology concerns.
Which of the following statements accurately brings out the distinction between the introduction and
growth stages of the industry life cycle? - Answers There is more strategic variety in the growth stage
when compared to the introduction stage.
Which of the following best illustrates site specificity? - Answers equipment necessary for mining
bauxite and aluminum smelting
John owns John's Trucking Corporation and is trying to determine if his firm should engage in vertical
integration and diversify the range of services his business sells. Before John goes through with these
decisions, he'll need to consider what is his - Answers corporate level strategy.
Bob is the strategic business unit (SBU) CEO in charge of manufacturing cufflinks for men's clothing.
While the market he competes in is low growth, Bob's SBU's earnings and cash flow are both ranked
at high and stable. When examining Bob's SBU through the Boston Consulting Group (BCG) matrix
lens, we can conclude that his SBU would be classified as a - Answers cash cow.
Which of the following is an example of an external transaction cost? - Answers the cost of searching
for a contract manufacturer
Janet wants to restructure the portfolio of all her firm's strategic business units. Janet will more than
likely employ the ________ tool. - Answers Boston Consulting Group (BCG) matrix
Jerry is the proud owner of American BBQ Eateries LLC. They currently operate in the southeast and
have recently entered into a nonequity alliance with Big Bills BBQ Grills Inc., with a promise of sharing
codified information via a licensing agreement. Which of the following best represents this level of
sharing knowledge? - Answers explicit knowledge
A candy company called Blackzim Inc. forms an agreement with another candy company called
Streethex Inc. Through this agreement, Blackzim owns 30 percent of Streethex. However, Streethex
does not own any part of Blackzim. This type of agreement is called a(n) - Answers equity alliance.
Dev is a strategist for the firm Stark Industries, which produces high-quality HD movie cameras. This
company needs a specific material for a new camera they are developing, which is manufactured in
large quantities by a competitor called LENS Inc. However, this material is difficult to trade. Because of
this, which of the following is most likely the best strategy for Dev to suggest? - Answers Stark
Industries should acquire LENS.
It is necessary for government authorities such as the Federal Trade Commission (FTC) and/or the
European Commission to approve any large horizontal integration activity because - Answers the
horizontal integration activity has the potential to reduce competitive intensity in an industry.
Which of the following is an ineffective practice in alliance management? - Answers focusing on
developing an alliance-management capability in isolation
Janet hires Vanessa to perform a critical task in her organization. However, Vanessa has
misrepresented her knowledge, skills and abilities and Janet has no way of knowing whether Vanessa
can indeed perform well. This is an example of - Answers adverse selection.
Which of the following is a common result of a hostile takeover of a company? - Answers The new
owner sells the company in pieces.
Greg is the president of a technology firm that has recently gone public. What action, if any, should
Andrew take to build the confidence of his new shareholders? - Answers He should find out whether
the majority of his shareholders want long-term steady growth or short-term spikes in the stock price.
Shareholders of public companies need to appoint a board of directors to represent their interests
because - Answers of the separation of ownership and control.
How has Apple been able to sustain its competitive advantage in the smartphone industry? - Answers
by regularly introducing incremental improvements in its products
Which of the following below is not considered an advantage of utilizing a platform business model? -
Answers Platforms push firms to constantly engage in radical innovation in order to produce goods
and services for the market.
Digital photography replacing film photography is an example of which type of innovation? - Answers
disruptive
Which of the following statements accurately brings out the difference between technology
enthusiasts and early adopters? - Answers Unlike technology enthusiasts, early adopters' demand is
fueled more by intuition and vision rather than technology concerns.
Which of the following statements accurately brings out the distinction between the introduction and
growth stages of the industry life cycle? - Answers There is more strategic variety in the growth stage
when compared to the introduction stage.
Which of the following best illustrates site specificity? - Answers equipment necessary for mining
bauxite and aluminum smelting
John owns John's Trucking Corporation and is trying to determine if his firm should engage in vertical
integration and diversify the range of services his business sells. Before John goes through with these
decisions, he'll need to consider what is his - Answers corporate level strategy.
Bob is the strategic business unit (SBU) CEO in charge of manufacturing cufflinks for men's clothing.
While the market he competes in is low growth, Bob's SBU's earnings and cash flow are both ranked
at high and stable. When examining Bob's SBU through the Boston Consulting Group (BCG) matrix
lens, we can conclude that his SBU would be classified as a - Answers cash cow.
Which of the following is an example of an external transaction cost? - Answers the cost of searching
for a contract manufacturer
Janet wants to restructure the portfolio of all her firm's strategic business units. Janet will more than
likely employ the ________ tool. - Answers Boston Consulting Group (BCG) matrix
Jerry is the proud owner of American BBQ Eateries LLC. They currently operate in the southeast and
have recently entered into a nonequity alliance with Big Bills BBQ Grills Inc., with a promise of sharing
codified information via a licensing agreement. Which of the following best represents this level of
sharing knowledge? - Answers explicit knowledge
A candy company called Blackzim Inc. forms an agreement with another candy company called
Streethex Inc. Through this agreement, Blackzim owns 30 percent of Streethex. However, Streethex
does not own any part of Blackzim. This type of agreement is called a(n) - Answers equity alliance.
Dev is a strategist for the firm Stark Industries, which produces high-quality HD movie cameras. This
company needs a specific material for a new camera they are developing, which is manufactured in
large quantities by a competitor called LENS Inc. However, this material is difficult to trade. Because of
this, which of the following is most likely the best strategy for Dev to suggest? - Answers Stark
Industries should acquire LENS.
It is necessary for government authorities such as the Federal Trade Commission (FTC) and/or the
European Commission to approve any large horizontal integration activity because - Answers the
horizontal integration activity has the potential to reduce competitive intensity in an industry.
Which of the following is an ineffective practice in alliance management? - Answers focusing on
developing an alliance-management capability in isolation
Janet hires Vanessa to perform a critical task in her organization. However, Vanessa has
misrepresented her knowledge, skills and abilities and Janet has no way of knowing whether Vanessa
can indeed perform well. This is an example of - Answers adverse selection.
Which of the following is a common result of a hostile takeover of a company? - Answers The new
owner sells the company in pieces.
Greg is the president of a technology firm that has recently gone public. What action, if any, should
Andrew take to build the confidence of his new shareholders? - Answers He should find out whether
the majority of his shareholders want long-term steady growth or short-term spikes in the stock price.
Shareholders of public companies need to appoint a board of directors to represent their interests
because - Answers of the separation of ownership and control.
