WPC 480 ASU final ACTUAL Questions
and CORRECT Answers
The two business models we reviewed—Industrial Organization and Resource-Based—focus,
respectively, on _____ and _____ analysis: - CORRECT ANSWER - external; internal
What is the primary objective of a company strategy? - CORRECT ANSWER - Achieving
sustainable competitive advantage.
Below are several statements from companies. Which of these is a vision statement? -
CORRECT ANSWER - Habitat for Humanity: A world where everyone has a decent place
to live.
A mission statement can describe: - CORRECT ANSWER - what the company does in
terms of its customers and their needs and what core competencies it utilizes to meet those needs.
When segmenting global geographical markets, what countries would an analyst review when
doing a MINT analysis? - CORRECT ANSWER - Mexico, Indonesia, Nigeria, Turkey
A telecommunications company is impacted by government regulations of the wireless spectrum,
cell tower locations, and internet accessibility. The company decides to hire a lobbying firm to
represent its interests with the U.S. government, specifically the FCC, FTC, and Congress. This
is an example of a company managing which PESTEL environmental factor? - CORRECT
ANSWER - Political
The likelihood of entry of new competitors is affected by _____ and _____. - CORRECT
ANSWER - barriers to entry; expected retaliation of current industry organizations
From Five Forces analysis, suppliers are most powerful when a company: - CORRECT
ANSWER - would have switching costs if it went to a different supplier because the
current supplier's products are unique.
, An intangible resource is one that: - CORRECT ANSWER - is rooted deeply in the
company history and culture, is gathered over time, and is difficult for competitors to analyze or
imitate.
All core competencies have the potential to become core: - CORRECT ANSWER -
rigidities.
In the resource-based model of above-average returns, a core competency is - CORRECT
ANSWER - something that gives a company an edge over the competition, something that
the company possesses that its competitors do not have, and something that is too difficult or
costly for competitors to copy or produce an alternative.
A company is analyzing its value chain to discover its value-creating activities. While
formulating its strategy, the firm will: - CORRECT ANSWER - evaluate the primary
activities and support functions to determine which of these contribute the greatest value in the
product or service being sold to customers.
An alternative to the Cost Leadership vs. Differentiation approach was presented in class. Which
of the following was NOT one of the three value disciplines from the book The Discipline of
Market Leaders? - CORRECT ANSWER - Continual Innovation
Research indicates that a competitive advantage in logistics is a primary strategy that creates the
most value for a cost leadership strategy. Choose which of these value-creating activities should
be a focus for a company pursuing a cost leadership strategy. - CORRECT ANSWER -
Supply chain
Market segmentation is a part of all business-level strategies and is used to determine which
customers to serve. This is most critical for which business-level strategies? - CORRECT
ANSWER -
All of the following are considered generic business-level strategies EXCEPT: - CORRECT
ANSWER - product diversification.
and CORRECT Answers
The two business models we reviewed—Industrial Organization and Resource-Based—focus,
respectively, on _____ and _____ analysis: - CORRECT ANSWER - external; internal
What is the primary objective of a company strategy? - CORRECT ANSWER - Achieving
sustainable competitive advantage.
Below are several statements from companies. Which of these is a vision statement? -
CORRECT ANSWER - Habitat for Humanity: A world where everyone has a decent place
to live.
A mission statement can describe: - CORRECT ANSWER - what the company does in
terms of its customers and their needs and what core competencies it utilizes to meet those needs.
When segmenting global geographical markets, what countries would an analyst review when
doing a MINT analysis? - CORRECT ANSWER - Mexico, Indonesia, Nigeria, Turkey
A telecommunications company is impacted by government regulations of the wireless spectrum,
cell tower locations, and internet accessibility. The company decides to hire a lobbying firm to
represent its interests with the U.S. government, specifically the FCC, FTC, and Congress. This
is an example of a company managing which PESTEL environmental factor? - CORRECT
ANSWER - Political
The likelihood of entry of new competitors is affected by _____ and _____. - CORRECT
ANSWER - barriers to entry; expected retaliation of current industry organizations
From Five Forces analysis, suppliers are most powerful when a company: - CORRECT
ANSWER - would have switching costs if it went to a different supplier because the
current supplier's products are unique.
, An intangible resource is one that: - CORRECT ANSWER - is rooted deeply in the
company history and culture, is gathered over time, and is difficult for competitors to analyze or
imitate.
All core competencies have the potential to become core: - CORRECT ANSWER -
rigidities.
In the resource-based model of above-average returns, a core competency is - CORRECT
ANSWER - something that gives a company an edge over the competition, something that
the company possesses that its competitors do not have, and something that is too difficult or
costly for competitors to copy or produce an alternative.
A company is analyzing its value chain to discover its value-creating activities. While
formulating its strategy, the firm will: - CORRECT ANSWER - evaluate the primary
activities and support functions to determine which of these contribute the greatest value in the
product or service being sold to customers.
An alternative to the Cost Leadership vs. Differentiation approach was presented in class. Which
of the following was NOT one of the three value disciplines from the book The Discipline of
Market Leaders? - CORRECT ANSWER - Continual Innovation
Research indicates that a competitive advantage in logistics is a primary strategy that creates the
most value for a cost leadership strategy. Choose which of these value-creating activities should
be a focus for a company pursuing a cost leadership strategy. - CORRECT ANSWER -
Supply chain
Market segmentation is a part of all business-level strategies and is used to determine which
customers to serve. This is most critical for which business-level strategies? - CORRECT
ANSWER -
All of the following are considered generic business-level strategies EXCEPT: - CORRECT
ANSWER - product diversification.
