BCOR 2304 quiz 1 Questions and Correct Answers/ Latest Update / Already Graded

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BCOR 2304 quiz 1 Questions and Correct Answers/ Latest Update / Already Graded

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BCOR 2304 quiz 1 Questions and Correct Answers/ Latest Update / Already Graded

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BCOR 2304 quiz 1 Questions and Correct
Answers/ Latest Update / Already Graded
What is strategy?

Ans: a comprehensive, goal oriented plan a firm takes to gain
and sustain superior performance relative to competitors

A firm that is able to outperform its competitors or the industry
average over a prolonged period has a
_________________________________

Ans: sustainable competitive advantage

Strategy Framework

Ans: Analysis: diagnosis of competitive challenge
Formulation: a guiding policy
Implementation: coherent actions

Analysis

Ans: vision, mission, values
external/internal values

Formulation
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, Page |2

Ans: Corporate Strategy
Business Strategy
Functional Strategy

Implementation

Ans: structure, culture, and control
corporate governance and business ethics

Realized Strategy

Ans: combination of intended (top down) and emergent
(bottom up) strategy

Shareholder value

Ans: profit vs profitability

profitability

Ans: economics gains in excess of what could be expected from
other investments with a similar amount of risk

stakeholder value

All rights reserved © 2025/ 2026 |

, Page |3

Ans: value creation

what undermines the success of firms?

Ans: neoclassical economics perspective: profits are competed
away because it is easy to enter industries (no entry to barriers)
and imitate competitors (homogenous firms)

Porter's Five Forces

Ans: threat of entry, threat of substitute, supplier power, buyer
power, and competitive rivalry

the general environment: PESTEL

Ans: Political
Economic
Social
Technological
Environmental
Legal

Oppportunities

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Uploaded on: April 7, 2026
Number of pages: 17
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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