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Capsim Exam 1 Questions And Answers
|Latest 2025 | Guaranteed Pass
Strategy - Answer✔a set of actions that managers take to increase their company's
performance relative to industry rivals
competitive advantage - Answer✔a strategy is implemented to create a _____ ___ over other
companies
competitive advantage - Answer✔a company is said to have ___ ____ when its profitability is
greater than the average profitability for all firms in the industry.
competitive advantage - Answer✔is sustained when it is maintained for several years.
general managers - Answer✔___ ___ bears the responsibility for overall performance
functional managers - Answer✔___ ____ supervise a particular function( task, activity, or
operation)
Strategic managers - Answer✔Corporate Managers oversee strategy for whole company
Business Managers lead the strategy for their self-contained division
Functional Managers are responsible for one organizational activity
Strategy Making Process - Answer✔Select the corporate mission statement and major goals
Analyze the external competitive environment to identify strategic opportunities and threats in
the operating environment
1|Page
Capsim Exam 1 Questions And Answers
|Latest 2025 | Guaranteed Pass
Strategy - Answer✔a set of actions that managers take to increase their company's
performance relative to industry rivals
competitive advantage - Answer✔a strategy is implemented to create a _____ ___ over other
companies
competitive advantage - Answer✔a company is said to have ___ ____ when its profitability is
greater than the average profitability for all firms in the industry.
competitive advantage - Answer✔is sustained when it is maintained for several years.
general managers - Answer✔___ ___ bears the responsibility for overall performance
functional managers - Answer✔___ ____ supervise a particular function( task, activity, or
operation)
Strategic managers - Answer✔Corporate Managers oversee strategy for whole company
Business Managers lead the strategy for their self-contained division
Functional Managers are responsible for one organizational activity
Strategy Making Process - Answer✔Select the corporate mission statement and major goals
Analyze the external competitive environment to identify strategic opportunities and threats in
the operating environment
1|Page
