GLOBUS QUIZ REVIEW QUESTIONS &
ACCURATE COMPLETE SOLUTIONS
UPDATED VERSION
Which one of the following questions can be used to distinguish a winning strategy from
a mediocre or losing strategy? - Correct Answer ✔✔ How well does the strategy fit the
company's situation?
The two crucial elements of a company's business model are - Correct Answer ✔✔ its
customer value proposition (the company's approach to satisfying buyer needs and
requirements at a price they will consider a good value) and its "profit formula" (its
business approach to generating sufficiently large revenues and controlling the costs of
its value proposition, such that the company will be appealingly profitable in delivering
the intended value to customers).
Which one of the following accounts for why a portion of a company's strategy is always
developed on the fly - Correct Answer ✔✔ Managers must always be willing to
supplement or modify various proactive strategy elements with as-needed reactions to
unanticipated happenings inthesurroundingenvironment
Which of the following is not a frequently used strategic approach to setting a company
apart from rivals, delivering superior value, achieving competitive advantage, and
converting buyers into loyal customers? - Correct Answer ✔✔ Striving to be more
profitable than rivals and aiming for a competitive edge based on bigger profit margins
A creative, distinctive strategy that sets a company apart from rivals and delivers
superior value to customers - Correct Answer ✔✔ is a company's most reliable ticket for
winning a competitive advantage over rivals.
A company's strategy is most accurately defined as - Correct Answer ✔✔
management's commitment to pursue a particular set of actions in attracting and
pleasing customers, competing, successfully, growing the business, responding to
changing market conditions, conducting operations, and achieving the targeted financial
and market performance.
A company's strategy is defined by - Correct Answer ✔✔ The specific market
positioning, competitive moves, and business approaches that form management's
answer to "what's our plan for running the company and producing good results?"
The difference between a company's strategy and a company's business model is that -
Correct Answer ✔✔ its strategy is defined by the specific market positioning,
competitive moves, and business approaches management employs to try to produce
ACCURATE COMPLETE SOLUTIONS
UPDATED VERSION
Which one of the following questions can be used to distinguish a winning strategy from
a mediocre or losing strategy? - Correct Answer ✔✔ How well does the strategy fit the
company's situation?
The two crucial elements of a company's business model are - Correct Answer ✔✔ its
customer value proposition (the company's approach to satisfying buyer needs and
requirements at a price they will consider a good value) and its "profit formula" (its
business approach to generating sufficiently large revenues and controlling the costs of
its value proposition, such that the company will be appealingly profitable in delivering
the intended value to customers).
Which one of the following accounts for why a portion of a company's strategy is always
developed on the fly - Correct Answer ✔✔ Managers must always be willing to
supplement or modify various proactive strategy elements with as-needed reactions to
unanticipated happenings inthesurroundingenvironment
Which of the following is not a frequently used strategic approach to setting a company
apart from rivals, delivering superior value, achieving competitive advantage, and
converting buyers into loyal customers? - Correct Answer ✔✔ Striving to be more
profitable than rivals and aiming for a competitive edge based on bigger profit margins
A creative, distinctive strategy that sets a company apart from rivals and delivers
superior value to customers - Correct Answer ✔✔ is a company's most reliable ticket for
winning a competitive advantage over rivals.
A company's strategy is most accurately defined as - Correct Answer ✔✔
management's commitment to pursue a particular set of actions in attracting and
pleasing customers, competing, successfully, growing the business, responding to
changing market conditions, conducting operations, and achieving the targeted financial
and market performance.
A company's strategy is defined by - Correct Answer ✔✔ The specific market
positioning, competitive moves, and business approaches that form management's
answer to "what's our plan for running the company and producing good results?"
The difference between a company's strategy and a company's business model is that -
Correct Answer ✔✔ its strategy is defined by the specific market positioning,
competitive moves, and business approaches management employs to try to produce
