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BUAD 453 MIDTERM QUESTIONS WITH CORRECT ANSWERS

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BUAD 453 MIDTERM QUESTIONS WITH CORRECT ANSWERS

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inimitable resources


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resources that are difficult to copy by rivals




price deflation

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destabilizes the economy by raising the real value of debt




EPS (earnings per share)


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sales / shares outstanding




corporate-level strategies


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answers the questions: what businesses should we be in to maximize the
long-run profitability and profit growth of the organization? How should
we enter and increase our presence in these businesses to gain a
competitive advantage?




fourth component of strategic thinking


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SWOT analysis;




switching costs

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when customers invest time, energy and money switching from the
products offered by one established company to the products offered by a
new entrant




primary activities


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the design, creation, and delivery of the product, the product's marketing,
and its support and after-sales service




second component of the strategic management process


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analysis of the organization's external operating environment




process knowledge


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how to develop, produce and sell a company's output.
- resides in the rules, routines and procedures of an organization that are
utilized to achieve organizational objectives

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