WPC 480 Final Exam ASU UPDATED
ACTUAL Questions and CORRECT
Answers
Which of the following businesses is most likely to disrupt an existing industry?
A. GSX Techedu added advanced camera technology to it's premium line of smartphones so that
they would take the highest-quality photos of all phones on the market
B. Touch Tech Inc. reconfigured the components used in its touchscreen tablets to create a new
type of wearable device for use in restaurants and other service industries.
C. Stark and Son's developed a teleportation technology that can transport physical materials
instantaneously across great distances.
D. Black Rock developed an earphone that receives emails and text messages and converts them
to voice messages. The first models had poor reception, but they rapidly improved over time. -
CORRECT ANSWER - D. Black Rock developed an earphone that receives emails and
text messages and converts them to voice messages.
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 - CORRECT ANSWER - 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 - CORRECT
ANSWER - 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?
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 -
CORRECT ANSWER - 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 - CORRECT ANSWER - 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.
B. the conglomerate can overcome institutional weaknesses such as a lack of capital markets in
emerging economies
C. the conglomerate can limit the learning and experience curve effects it faces
D. The conglomerate can soley depen on its primary business activity for a major portion of its
revenues. - CORRECT ANSWER - B. the conglomerate can overcome institutional
weaknesses such as a lack of capital markets in emerging economies
Vehement Capital Partners wanted its research partner, an R&D company, to develop a cancer
vaccine. However, the project required huge capital investments, and its research partner was not
ACTUAL Questions and CORRECT
Answers
Which of the following businesses is most likely to disrupt an existing industry?
A. GSX Techedu added advanced camera technology to it's premium line of smartphones so that
they would take the highest-quality photos of all phones on the market
B. Touch Tech Inc. reconfigured the components used in its touchscreen tablets to create a new
type of wearable device for use in restaurants and other service industries.
C. Stark and Son's developed a teleportation technology that can transport physical materials
instantaneously across great distances.
D. Black Rock developed an earphone that receives emails and text messages and converts them
to voice messages. The first models had poor reception, but they rapidly improved over time. -
CORRECT ANSWER - D. Black Rock developed an earphone that receives emails and
text messages and converts them to voice messages.
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 - CORRECT ANSWER - 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 - CORRECT
ANSWER - 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?
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 -
CORRECT ANSWER - 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 - CORRECT ANSWER - 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.
B. the conglomerate can overcome institutional weaknesses such as a lack of capital markets in
emerging economies
C. the conglomerate can limit the learning and experience curve effects it faces
D. The conglomerate can soley depen on its primary business activity for a major portion of its
revenues. - CORRECT ANSWER - B. the conglomerate can overcome institutional
weaknesses such as a lack of capital markets in emerging economies
Vehement Capital Partners wanted its research partner, an R&D company, to develop a cancer
vaccine. However, the project required huge capital investments, and its research partner was not
