WPC 480 – FINAL EXAM WITH COMPLETE SOLUTION(LATEST 2021 GRADED A+)Combined exams all finals

WPC 480 – FINAL EXAM WITH COMPLETE SOLUTION(LATEST 2021 GRADED A+)Combined exams all finals Corporate Strategy -Correct answers The decisions and actions taken to gain and sustain competitive advantage in several industries and markets simultaneously Corporate Strategy addresses where to compete along what 3 dimensions? -Correct answers Industry Value Chain through vertical integration Product and Services through diversification Geography through regional, national, or global markets Vertical Integration -Correct answers The process in which several steps in the production and/or distribution of a product or service are controlled and owned by a single company or entity, in order to increase that company's or entity's power in the marketplace Forward Integration -Correct answers Suppliers toward Customers Pepsi (CSD concentrate producer) vertically integrating by developing bottling capabilities is an example of what type of integration? -Correct answers Forward Integration Backward Integration -Correct answers Customer toward Supplier Hermes vertically integrating by developing their own crocodile farms is an example of what type of integration? -Correct answers Backward Integration Disney Acquiring Pixar is an example of what type of integration? -Correct answers Backward integration Boundaries of the firm -Correct answers The appropriate degree of vertical integration; Why does firm exist and to what extent should the firm expand? Understood through transaction cost economics Transaction Costs -Correct answers the costs associated with activities that are not directly productive but are engaged in only as a consequence of the need to coordinate exchange among the parties in the transaction Internal transaction costs -Correct answers costs pertaining to organizing an economic exchange within a hierarchy; also called administrative costs