MGT 4150 Exam Questions With 100%
Correct Answers 2025 New Updated
Exam
Which of the following statements about a company's strategy is true?
A) Crafting an excellent strategy is more important than executing it well.
B) The objective of a well-crafted strategy is not merely temporary competitive success
and profits in the short run, but rather the sort of lasting success that can support growth
and secure the company's future over the long
C) A company's strategy deals with whether the revenue-cost-profit economics of its
business model demonstrate the viability of the business enterprise as a whole.
D) Masterful strategies come partly (maybe mostly) by doing things in much the same
way as the industry leader but then being better than the leader in one particular area
that counts heavily with buyers.
E) Whether a company's strategy is ethical or not does not matter a lot because most
customers and most suppliers are relatively unconcerned whether a company they do
business with engage - Answers - ✔✔B) The objective of a well-crafted strategy is not
merely temporary competitive success and profits in the short run, but rather the sort of
lasting success that can support growth and secure the company's future over the long
Competing differently from rivals—doing what competitors don't do or, even better,
doing what they can't do is referred to as its
A) strategic offensive for becoming a market leader.
B) business model.
C) long-term strategic direction.
D) mission statement.
E) strategy. - Answers - ✔✔E) strategy.
Which one of the following is not related to actions and approaches that comprise a
company's strategy?
A) How to attract and please customers.
B) How to prove to shareholders that the company's business model is viable
C) How to compete against rivals.
D) How to capitalize on attractive opportunities to grow the business.
E) How to achieve the company's performance targets. - Answers - ✔✔B) How to
prove to shareholders that the company's business model is viable
A company achieves sustainable competitive advantage when
A) it has a low-cost business model.
B) it is able to increase shareholder value.
,C) sufficient numbers of buyers believe the company has demonstrated a commitment
to environmental sustainability.
D) it is consistently able to achieve both its strategic and financial objectives.
E) when it provide buyers with lasting reasons to prefer its products or services over
those of competitors. - Answers - ✔✔E) when it provide buyers with lasting reasons to
prefer its products or services over those of competitors.
Which one of the following is not something to look for in identifying a company's
strategy?
A) Its actions to enter new geographic or product markets or exit existing ones and its
actions to form strategic alliances and collaborative partnerships
B) Its actions to merge with or acquire another company in order to strengthen the
company's business position
C) Its actions to capture emerging market opportunities and defend against external
threats to the company's business prospects
D) The company's actions to validate and improve upon its business model
E) The actions and approaches that define how a company manages such functions as
R&D, production, sales and marketing, and finance - Answers - ✔✔D) The company's
actions to validate and improve upon its business model
Company strategies evolve because
A) it is a bad idea to do too much strategizing until a company has been in business
long enough to know what strategies will work best.
B) most managers like to develop the strategy in bits and pieces rather than all at once.
C) of changing circumstances and ongoing management efforts to improve the strategy
D) many managers are conservative, preferring to carefully contemplate the best
responses to new developments and avoiding the risks associated with developing a
complete strategy too quickly.
E) a strategy does not really transition to a well-crafted stage until a company has been
trying to execute it for a number of years and has learned what works and what doesn't.
- Answers - ✔✔C) of changing circumstances and ongoing management efforts to
improve the strategy
A company's business model
A) determines whether its strategy will be ethical or not and meet government
regulations.
B) is management's storyline for how the strategy will result in achieving sustainable
competitive advantage and delivering superior customer satisfaction over the long-term.
C) is 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
D) identifies how the company plans to outmaneuver and outcompete key rivals and
become a market leader.
, E) sets forth the actions and approaches that it will rely on to earn the best profit
margins in the industry. - Answers - ✔✔C) is 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 winning strategy is one that
A) makes the company a market leader, is ethically and socially responsible, and
maximizes profits.
B) is highly profitable and boosts the company's market share.
C) passes the profitability test, the ethics and social responsibility test, the customer
satisfaction test, and the shareholder wealth test.
D) fits the company's internal and external situation, builds sustainable competitive
advantage, and boosts company performance.
E) passes the ethical standards test, the competitive advantage test, and the profitability
test. - Answers - ✔✔D) fits the company's internal and external situation, builds
sustainable competitive advantage, and boosts company performance.
The most trustworthy signs of a well-managed company are
A) a strong emphasis on offensive strategies rather than defensive strategies.
B) a strategy matched to fast-evolving market conditions and bigger profit margins than
rivals and a steady upward trend in net income.
C) attractive bottom-line performance and a proven business model.
D) good strategy and good strategy execution.
E) having a profitable business model, a willingness to change the company's business
model whenever circumstances warrant, and having a sustainable competitive
advantage. - Answers - ✔✔D) good strategy and good strategy execution.
The heart and soul of any strategy is
A) to identify actions and operating approaches that will validate the company's
business model work.
B) to identify business approaches that will produce good bottom-line results.
C) the actions and moves in the marketplace that managers are taking to improve the
company's financial performance, strengthen its long-term competitive position, and
gain a competitive edge over rivals.
D) the actions a company takes to steal substantial sales and market share away from
rivals.
E) pursuing competitive maneuvers that will make the company a market leader. -
Answers - ✔✔C) the actions and moves in the marketplace that managers are taking to
improve the company's financial performance, strengthen its long-term competitive
Which of the following is not one of the most frequently used strategic approaches to
building competitive advantage?
Correct Answers 2025 New Updated
Exam
Which of the following statements about a company's strategy is true?
A) Crafting an excellent strategy is more important than executing it well.
B) The objective of a well-crafted strategy is not merely temporary competitive success
and profits in the short run, but rather the sort of lasting success that can support growth
and secure the company's future over the long
C) A company's strategy deals with whether the revenue-cost-profit economics of its
business model demonstrate the viability of the business enterprise as a whole.
D) Masterful strategies come partly (maybe mostly) by doing things in much the same
way as the industry leader but then being better than the leader in one particular area
that counts heavily with buyers.
E) Whether a company's strategy is ethical or not does not matter a lot because most
customers and most suppliers are relatively unconcerned whether a company they do
business with engage - Answers - ✔✔B) The objective of a well-crafted strategy is not
merely temporary competitive success and profits in the short run, but rather the sort of
lasting success that can support growth and secure the company's future over the long
Competing differently from rivals—doing what competitors don't do or, even better,
doing what they can't do is referred to as its
A) strategic offensive for becoming a market leader.
B) business model.
C) long-term strategic direction.
D) mission statement.
E) strategy. - Answers - ✔✔E) strategy.
Which one of the following is not related to actions and approaches that comprise a
company's strategy?
A) How to attract and please customers.
B) How to prove to shareholders that the company's business model is viable
C) How to compete against rivals.
D) How to capitalize on attractive opportunities to grow the business.
E) How to achieve the company's performance targets. - Answers - ✔✔B) How to
prove to shareholders that the company's business model is viable
A company achieves sustainable competitive advantage when
A) it has a low-cost business model.
B) it is able to increase shareholder value.
,C) sufficient numbers of buyers believe the company has demonstrated a commitment
to environmental sustainability.
D) it is consistently able to achieve both its strategic and financial objectives.
E) when it provide buyers with lasting reasons to prefer its products or services over
those of competitors. - Answers - ✔✔E) when it provide buyers with lasting reasons to
prefer its products or services over those of competitors.
Which one of the following is not something to look for in identifying a company's
strategy?
A) Its actions to enter new geographic or product markets or exit existing ones and its
actions to form strategic alliances and collaborative partnerships
B) Its actions to merge with or acquire another company in order to strengthen the
company's business position
C) Its actions to capture emerging market opportunities and defend against external
threats to the company's business prospects
D) The company's actions to validate and improve upon its business model
E) The actions and approaches that define how a company manages such functions as
R&D, production, sales and marketing, and finance - Answers - ✔✔D) The company's
actions to validate and improve upon its business model
Company strategies evolve because
A) it is a bad idea to do too much strategizing until a company has been in business
long enough to know what strategies will work best.
B) most managers like to develop the strategy in bits and pieces rather than all at once.
C) of changing circumstances and ongoing management efforts to improve the strategy
D) many managers are conservative, preferring to carefully contemplate the best
responses to new developments and avoiding the risks associated with developing a
complete strategy too quickly.
E) a strategy does not really transition to a well-crafted stage until a company has been
trying to execute it for a number of years and has learned what works and what doesn't.
- Answers - ✔✔C) of changing circumstances and ongoing management efforts to
improve the strategy
A company's business model
A) determines whether its strategy will be ethical or not and meet government
regulations.
B) is management's storyline for how the strategy will result in achieving sustainable
competitive advantage and delivering superior customer satisfaction over the long-term.
C) is 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
D) identifies how the company plans to outmaneuver and outcompete key rivals and
become a market leader.
, E) sets forth the actions and approaches that it will rely on to earn the best profit
margins in the industry. - Answers - ✔✔C) is 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 winning strategy is one that
A) makes the company a market leader, is ethically and socially responsible, and
maximizes profits.
B) is highly profitable and boosts the company's market share.
C) passes the profitability test, the ethics and social responsibility test, the customer
satisfaction test, and the shareholder wealth test.
D) fits the company's internal and external situation, builds sustainable competitive
advantage, and boosts company performance.
E) passes the ethical standards test, the competitive advantage test, and the profitability
test. - Answers - ✔✔D) fits the company's internal and external situation, builds
sustainable competitive advantage, and boosts company performance.
The most trustworthy signs of a well-managed company are
A) a strong emphasis on offensive strategies rather than defensive strategies.
B) a strategy matched to fast-evolving market conditions and bigger profit margins than
rivals and a steady upward trend in net income.
C) attractive bottom-line performance and a proven business model.
D) good strategy and good strategy execution.
E) having a profitable business model, a willingness to change the company's business
model whenever circumstances warrant, and having a sustainable competitive
advantage. - Answers - ✔✔D) good strategy and good strategy execution.
The heart and soul of any strategy is
A) to identify actions and operating approaches that will validate the company's
business model work.
B) to identify business approaches that will produce good bottom-line results.
C) the actions and moves in the marketplace that managers are taking to improve the
company's financial performance, strengthen its long-term competitive position, and
gain a competitive edge over rivals.
D) the actions a company takes to steal substantial sales and market share away from
rivals.
E) pursuing competitive maneuvers that will make the company a market leader. -
Answers - ✔✔C) the actions and moves in the marketplace that managers are taking to
improve the company's financial performance, strengthen its long-term competitive
Which of the following is not one of the most frequently used strategic approaches to
building competitive advantage?
