Busa 4980 Chapter 1 Quiz Updated Actual Questions And Correct Answers

BUSA 4980 CHAPTER 1 QUIZ UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS

Question:
1. What are the four strategy levels?

Answer:
1. Corporate level
2. Business level
3. Functional level
4. Operational level

Question:
2. Corporate strategy

Answer:
which or what businesses should we compete in

Question:
3. Business strategy

Answer:
how should we compete in this product
keyword exploite

Question:
4. Functional strategy

Answer:
functions organization participates in

Question:
5. Operational strategy

Answer:
day to day operations

Question:
6. What is the largest consumer market?

Answer:
European Union

, Question:
7. Strategic competiveness

Answer:
achieved when a firm successfully formulates and implements a value-creating
strategy

Question:
8. Hyper-competition is characterized by:

Answer:
1. market instability and change
2. rapidly escalating competition
3. aggressive challengers

Question:
9. What are the 2 drivers of hyper-competition?

Answer:
1. Technology
2. Globalization

Question:
10. Gloablization

Answer:
- goods and services flow across country borders
- performance standards are higher w/ globalization
- increased importance of developing countries

Question:
11. Developing countries are also known as

Answer:
emerging markets

Question:
12. strategic flexibility

Answer:
an important tool in hyper-competition

Question:
13. disruptive technology creates

Answer:
new industries