MGMT 3013 Exam 1 Questions and
Answers 100% Pass
According to Porter, operational efficiency is: - ✔✔Essential, but not strategic
Porter talks about influences on strategy. The worst effect is: - ✔✔The growth trap
According to Porter, the basic units of competitive advantage are: - ✔✔Activities
According to Porter, the essence of strategy is: - ✔✔Choosing to perform activities
differently from rivals
According to Porter, ___________, once the heart of strategy, is too static for today's
dynamic markets - ✔✔Positioning
Porter describes three types of "fit". Which of these IS NOT one of these types? -
✔✔Reputational Reliability
Porter says strategic potisions emerge from three distinct sources. Which of these IS
NOT a source? - ✔✔Market-Based
According to Porter, when Continental Airlines created Continental Lite, they were
engaging in a(n) ____________ strategy. - ✔✔Straddling
Brittie Donald, All Rights Reserved © 2025 1
, In Northwest Arkansas, Casey's convenience stores offer fresh-baked pizzas. As far as
Porter's thoughts on postioning, Casey's is selling pizzas based on __________
positioning. - ✔✔Access-Based
Roger owns a pizza place in Fayetteville. He feels he needs to ofer some cheap pizzas at
2/$5 and also offer gourmet pizzas for as high as $20 each inorder to compete with his
two closest competitors - Eureka Pizza and Brick Oven. Because of this strategy, he is
dealing with two distinct types of customers - value shoppers and "pizza snobs". Porter
would call this a ___________ strategy. - ✔✔Straddling
According to Porter, "the sum of all existing best practices at any given time" is: -
✔✔The Productivity Frontier
Tyson employees carry a "values card" with them. They also wear khaki uniforms.
These are part of Tyson's _______. - ✔✔Corporate Culture
The Five Forces Model suggests that an industry's profitability is a function of all the
following factors EXCEPT: - ✔✔The economic environment
The Industrial Organizational Model (I/O) argues that: - ✔✔The key factor in success is
choosing the correct industry in which to compete.
According to Bill Gates, the point of the radial tire story is: - ✔✔Radial tires didn't make
people drive more miles, so the tire industry shrank due to better tire mileage between
replacements.
Brittie Donald, All Rights Reserved © 2025 2
Answers 100% Pass
According to Porter, operational efficiency is: - ✔✔Essential, but not strategic
Porter talks about influences on strategy. The worst effect is: - ✔✔The growth trap
According to Porter, the basic units of competitive advantage are: - ✔✔Activities
According to Porter, the essence of strategy is: - ✔✔Choosing to perform activities
differently from rivals
According to Porter, ___________, once the heart of strategy, is too static for today's
dynamic markets - ✔✔Positioning
Porter describes three types of "fit". Which of these IS NOT one of these types? -
✔✔Reputational Reliability
Porter says strategic potisions emerge from three distinct sources. Which of these IS
NOT a source? - ✔✔Market-Based
According to Porter, when Continental Airlines created Continental Lite, they were
engaging in a(n) ____________ strategy. - ✔✔Straddling
Brittie Donald, All Rights Reserved © 2025 1
, In Northwest Arkansas, Casey's convenience stores offer fresh-baked pizzas. As far as
Porter's thoughts on postioning, Casey's is selling pizzas based on __________
positioning. - ✔✔Access-Based
Roger owns a pizza place in Fayetteville. He feels he needs to ofer some cheap pizzas at
2/$5 and also offer gourmet pizzas for as high as $20 each inorder to compete with his
two closest competitors - Eureka Pizza and Brick Oven. Because of this strategy, he is
dealing with two distinct types of customers - value shoppers and "pizza snobs". Porter
would call this a ___________ strategy. - ✔✔Straddling
According to Porter, "the sum of all existing best practices at any given time" is: -
✔✔The Productivity Frontier
Tyson employees carry a "values card" with them. They also wear khaki uniforms.
These are part of Tyson's _______. - ✔✔Corporate Culture
The Five Forces Model suggests that an industry's profitability is a function of all the
following factors EXCEPT: - ✔✔The economic environment
The Industrial Organizational Model (I/O) argues that: - ✔✔The key factor in success is
choosing the correct industry in which to compete.
According to Bill Gates, the point of the radial tire story is: - ✔✔Radial tires didn't make
people drive more miles, so the tire industry shrank due to better tire mileage between
replacements.
Brittie Donald, All Rights Reserved © 2025 2
