MGMT 498 8 Exam Questions With 100% Correct Answers

MGMT 498 8 Exam Questions With 100% Correct Answers Amazon's explosive success is largely due to which of the following? (Check all that apply.) - answerdiversification vertical integration When a business answers the question of where to compete, it is determining ___. - answercorporate strategy In order for a firm to lower costs, it must ______. - answergrow Which of the following terms describes the strengths that allow a firm to distinguish itself from the competition? - answercore competencies ______ costs are all of the costs associated with an economic exchange. - answerTransaction Amazon's continued focus on ______ is a key to its ongoing success. - answerinnovation __ strategy involves the decisions that senior management makes and the goal-directed actions it takes to gain and sustain competitive advantage in several industries and markets simultaneously. - answerCorporate Which of the following is an example of the principal-agent problem even when the principal's goal is to create shareholder value? - answera manager flying first class on all business trips Which of the following are among the reasons firms need to grow? (Check all that apply.) - answerto increase profits to motivate management Which of the following are alternatives on the make-or-buy continuum? (Check all that apply.) - answerequity alliances joint ventures Which of the following describes economies of scope? - answerthe savings from producing two or more outputs at less cost than producing each output individually Transaction costs include ______ costs associated with an economic exchange. - answerthe internal and external