BUSA with correct answers 100% 2026

BUSA with correct answers 100% 2026 Strategy - Correct Answer Plans for how a company will: Do what it's in business to do compete successfully attract and satisfy customers to accomplish its goals Business Model - Correct Answer A strategic design for how a company intends to profit from its strategies, work processes and work activities. What does a company's business model focus on? - Correct Answer 2 things: 1) Whether the customer will value what the company provides. 2) Whether the company can make any money doing that. Why is strategic management important? - Correct Answer 1) It results in higher organizational performance 2) It requires managers to examine and adapt to business environmental changes, allowing them to cope with uncertain environments. 3) It is involved in many of the decisions that managers make. What does the strategic management process involve? - Correct Answer Step 1: Identify the organizations missions, goals and current strategies. Step 2 : a) Internal analysis -- strengths and weaknesses b) external analysis --- opportunities and threats. Step 3: Formulate strategies Step 4: implement strategies Step 5: evaluate results. Define mission and goals - Correct Answer Mission: The firm's reason for being - the scope of its products and services. Goals: The foundation for future planning- Measurable performance targets. What areas of the internal environment need to be analayzed? - Correct Answer Missions Resources Capabilities Core competencies Mission - Correct Answer A statement of the organizations purpose Resources - Correct Answer An organizations assets: