Bus 4750 Exam 1 Questions and Answers with Verified Solutions |
Latest Update
QUESTION
A company's strategy stands a better chance of succeeding when
Answer:
it is predicated on competitive moves aimed at appealing to buyers in ways that set the company
apart from rivals.
QUESTION
You have been hired as a consultant by SandCloud, a venture-backed established company in the
beachwear and toweling markets. SandCloud's owners are weighing a decision to donate a part of
its profits to a children's charity to improve its market image. Your advice to SandCloud
regarding strategy is that it will consist of the action plan management takes to
Answer:
stake out a unique market position in beachwear and toweling markets and achieve superior
profitability
QUESTION
The heart and soul of a company's strategy-making effort is determining how to
Answer:
come up with moves and actions that produce a durable competitive edge over rivals.
QUESTION
Crafting a deliberate strategy involves developing strategy elements that
Answer:
- consist of a blend of proactive new planned initiatives plus ongoing strategy elements continues
from prior periods.
QUESTION
The most significant signs of a well-managed company are
Answer:
good strategy-making combined with good strategy execution
, QUESTION
Mad Magazine pivoted unsuccessfully in 2019 to eliminate future newsstand sales and publish
only one issue per year, to republish recycled content from 67 years of publication, and also to
reassign the space formerly occupied by new content to high-priced advertisements.
Subscriptions to Mad Magazine as a result have fallen precipitously and are now available for
deep discounts. What do we learn from this example about strategies that yield sustainable
competitive advantage?
Answer:
Mad Magazine's poor planning and execution of a strategy that changed or evolved the customer
value proposition led to its failure.
QUESTION
A winning strategy is one that
Answer:
fits the company's internal and external situation, builds sustainable competitive advantage, and
improves company performance.
QUESTION
A creative and distinctive strategy that sets a company apart from rivals and that gives it a
sustainable competitive advantage
Answer:
is a company's most reliable ticket to above-average profitability.
QUESTION
Square attained a solid foothold in small retail and service businesses in the United States, such as
hair salons, massage therapists, and food trucks. Currently, Square gets a large percentage of its
revenue (greater than 20 percent) from the restaurant business. "Square for restaurants" allows
restaurant owners to manage their entire Point of Sale (POS) system, including credit card and
mobile wallet payments, menu updates, floor layouts, employee scheduling, tip splitting, payroll
processing, and employee performance tracking using a single platform, as well as tools such as
customer relationship management, inventory management, and employee management. Square's
blueprint for how and why the company's business approaches will generate revenues sufficient
to cover costs and produce attractive profits and returns on investment
Answer:
best describes what is meant by a company's business model.
Latest Update
QUESTION
A company's strategy stands a better chance of succeeding when
Answer:
it is predicated on competitive moves aimed at appealing to buyers in ways that set the company
apart from rivals.
QUESTION
You have been hired as a consultant by SandCloud, a venture-backed established company in the
beachwear and toweling markets. SandCloud's owners are weighing a decision to donate a part of
its profits to a children's charity to improve its market image. Your advice to SandCloud
regarding strategy is that it will consist of the action plan management takes to
Answer:
stake out a unique market position in beachwear and toweling markets and achieve superior
profitability
QUESTION
The heart and soul of a company's strategy-making effort is determining how to
Answer:
come up with moves and actions that produce a durable competitive edge over rivals.
QUESTION
Crafting a deliberate strategy involves developing strategy elements that
Answer:
- consist of a blend of proactive new planned initiatives plus ongoing strategy elements continues
from prior periods.
QUESTION
The most significant signs of a well-managed company are
Answer:
good strategy-making combined with good strategy execution
, QUESTION
Mad Magazine pivoted unsuccessfully in 2019 to eliminate future newsstand sales and publish
only one issue per year, to republish recycled content from 67 years of publication, and also to
reassign the space formerly occupied by new content to high-priced advertisements.
Subscriptions to Mad Magazine as a result have fallen precipitously and are now available for
deep discounts. What do we learn from this example about strategies that yield sustainable
competitive advantage?
Answer:
Mad Magazine's poor planning and execution of a strategy that changed or evolved the customer
value proposition led to its failure.
QUESTION
A winning strategy is one that
Answer:
fits the company's internal and external situation, builds sustainable competitive advantage, and
improves company performance.
QUESTION
A creative and distinctive strategy that sets a company apart from rivals and that gives it a
sustainable competitive advantage
Answer:
is a company's most reliable ticket to above-average profitability.
QUESTION
Square attained a solid foothold in small retail and service businesses in the United States, such as
hair salons, massage therapists, and food trucks. Currently, Square gets a large percentage of its
revenue (greater than 20 percent) from the restaurant business. "Square for restaurants" allows
restaurant owners to manage their entire Point of Sale (POS) system, including credit card and
mobile wallet payments, menu updates, floor layouts, employee scheduling, tip splitting, payroll
processing, and employee performance tracking using a single platform, as well as tools such as
customer relationship management, inventory management, and employee management. Square's
blueprint for how and why the company's business approaches will generate revenues sufficient
to cover costs and produce attractive profits and returns on investment
Answer:
best describes what is meant by a company's business model.
