WPC 480 Final Exam ASU Questions With
Complete Solutions
In the decline stage, which of the following strategies involves a reduction of investments in
product support?
A. exit strategy
B. harvest strategy
C. maintain strategy
D. consolidate strategy B. harvest strategy
Which of the following is an example of social entrepreneurship? The committee approved the
new formula for an all-purpose cleaner because it
A. cleaned better than other cleaners and did not cost more to produce
B. cleaned as well as other cleaners and used organic ingredients
C. cleaned as well as the other cleaners and could be produced more effciently
D. cleaned better than other cleaners and used easy-to-obtain ingredients B. cleaned as
well as other cleaners and used organic ingredients
Revolve Group is a mobile platform that matches independent fashion designers with consumers
who want a personalized wardrobe. Which of the following initiatives would best allow Revolve
Group to fine-tune its offerings to better meet the needs of its consumers?
, WPC 480 Final Exam ASU Questions With
Complete Solutions
A. allowing users to provide feedback to producers on the style and fit of clothing
B. conducting anonymous phone surveys about consumers' fashion preferences
C. hiring an outside consultant to evaluate the offerings of Revolve Group's producers
D. studying the financial records of various fashion design companies to determine trends
A. allowing users to provide feedback to producers on the style and fit of clothing
Susan wants to create a networking site that would connect local artists to homeowners who are
looking for unique and original art. She knows that network effects will play a big role in her
success and doesn't want to build her business using a linear value chain. Susan would best be
served by employing a(n)
A. innovative social networking website
B. razor-razor blade business model
C. platform business model
D. pipeline business model C. platform business model
How does a conglomerate benefit from following an unrelated diversification strategy?
A. The conglomerate can share most of its competencies in products, services, technology, or
distribution between all its businesses.
Complete Solutions
In the decline stage, which of the following strategies involves a reduction of investments in
product support?
A. exit strategy
B. harvest strategy
C. maintain strategy
D. consolidate strategy B. harvest strategy
Which of the following is an example of social entrepreneurship? The committee approved the
new formula for an all-purpose cleaner because it
A. cleaned better than other cleaners and did not cost more to produce
B. cleaned as well as other cleaners and used organic ingredients
C. cleaned as well as the other cleaners and could be produced more effciently
D. cleaned better than other cleaners and used easy-to-obtain ingredients B. cleaned as
well as other cleaners and used organic ingredients
Revolve Group is a mobile platform that matches independent fashion designers with consumers
who want a personalized wardrobe. Which of the following initiatives would best allow Revolve
Group to fine-tune its offerings to better meet the needs of its consumers?
, WPC 480 Final Exam ASU Questions With
Complete Solutions
A. allowing users to provide feedback to producers on the style and fit of clothing
B. conducting anonymous phone surveys about consumers' fashion preferences
C. hiring an outside consultant to evaluate the offerings of Revolve Group's producers
D. studying the financial records of various fashion design companies to determine trends
A. allowing users to provide feedback to producers on the style and fit of clothing
Susan wants to create a networking site that would connect local artists to homeowners who are
looking for unique and original art. She knows that network effects will play a big role in her
success and doesn't want to build her business using a linear value chain. Susan would best be
served by employing a(n)
A. innovative social networking website
B. razor-razor blade business model
C. platform business model
D. pipeline business model C. platform business model
How does a conglomerate benefit from following an unrelated diversification strategy?
A. The conglomerate can share most of its competencies in products, services, technology, or
distribution between all its businesses.
