Bsg Final Exam With 100% Correct Answers 2023
Strategy - Correct Answer-consists of the competitive moves and business approaches that managers employ to attract and please customers, compete successfully, pursue opportunities to grow the business, respond to changing market conditions, conduct operations, and achieve the targeted financial and market performance. The heart and soul of any strategy - Correct Answer-is the actions and moves int he marketplace that managers are taking to gain a competitive advantage over rivals A company's business model - Correct Answer-sets forth how its strategy and operating approaches will create value for customers while at the same time generating revenues sufficient to cover costs and realize a profit. The difference between a company's strategy and a company's business model is that - Correct Answer-its strategy is defined by the specific market positioning, competitive moves, and business approaches management employs to try to produce good business results while its business model relates to management's blueprint for delivering a valuable product or service to customers in a manner that will generate revenues sufficient to cover costs and yield an attractive profit. A company's strategic vision concerns - Correct Answer-a company's long-term direction and what product-customer-market business mix seems optimal for a the road ahead.
Document information
- Uploaded on
- June 28, 2023
- Number of pages
- 4
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
