6/7/25, 2:01 PM WPC480 Midterm Exam 2025 COMPREHENSIVE EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS |RECENTLY TESTIN…
WPC480 Midterm Exam 2025 COMPREHENSIVE
EXAM QUESTIONS |FREQUENTLY TESTED
QUESTIONS |RECENTLY TESTING REAL EXAM
QUESTIONS|VERIFIED SOLUTIONS (100%
CORRECT)
Save
Terms in this set (147)
firms achieve strategic competitiveness by
Strategic Competitiveness successfully formulating and implementing a value
creating strategy
a strategy is an integrated and coordinated set of
Strategy commitments and actions designed to exploit core
competencies and gain a competitive advantage
a firm has a competitive advantage when, by
implementing a chosen strategy, it creates superior
Competitive advantage value for customers, and when competitors are not
able to imitate the firm's products create or find it too
expensive to attempt imitation
are returns in excess of what in investor expects to
Above-average returns
earn from investments with a similar amount of risk
is an investor's uncertainty about the economic gains
Risk
or losses that will result from a particular investment
https://quizlet.com/1052145563/wpc480-midterm-exam-2025-comprehensive-exam-questions-frequently-tested-questions-recently-testing-real-exam-… 1/12
, 6/7/25, 2:01 PM WPC480 Midterm Exam 2025 COMPREHENSIVE EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS |RECENTLY TESTIN…
is a condition where competitors engage in intense
Hypercompetition rivalry, markets change quickly and often, and entry
barriers are low
a global economy is one in which goods, services,
Global economy people, skills, and ideas move with limited barriers
across geographic borders
involves action taken by a government to protect its
Protectionism economy from adverse influences due to foreign
trade
is the increasing economic interdependence among
countries and their organizations as reflected in the
Globalization
flow of products, financial capital, and knowledge
across country borders
a global supply chain is a network of firms that spans
Global supply chain multiple countries with the purpose of supplying
goods and services
refers to the processes through which a firm receives
raw materials, uses them to addvalue through
manufacturing a product that provides greater utility
Global value chain
for the consumer, and sells the product to another
firm or the ultimate consumer or the product, in a
global setting
is a set of capabilities firms use to respond to various
Strategic flexibility demands and opportunities existing in today's
dynamic and uncertain competitive environment
means that a firm should not deplete or destroy
Sustainability
natural elements upon which it depends for survival
- the external environment
- an attractive industry
The I/O Model of Above- - strategy formulation
Average Returns - assets and skills
- strategy implementation
- superior returns
https://quizlet.com/1052145563/wpc480-midterm-exam-2025-comprehensive-exam-questions-frequently-tested-questions-recently-testing-real-exam-… 2/12
WPC480 Midterm Exam 2025 COMPREHENSIVE
EXAM QUESTIONS |FREQUENTLY TESTED
QUESTIONS |RECENTLY TESTING REAL EXAM
QUESTIONS|VERIFIED SOLUTIONS (100%
CORRECT)
Save
Terms in this set (147)
firms achieve strategic competitiveness by
Strategic Competitiveness successfully formulating and implementing a value
creating strategy
a strategy is an integrated and coordinated set of
Strategy commitments and actions designed to exploit core
competencies and gain a competitive advantage
a firm has a competitive advantage when, by
implementing a chosen strategy, it creates superior
Competitive advantage value for customers, and when competitors are not
able to imitate the firm's products create or find it too
expensive to attempt imitation
are returns in excess of what in investor expects to
Above-average returns
earn from investments with a similar amount of risk
is an investor's uncertainty about the economic gains
Risk
or losses that will result from a particular investment
https://quizlet.com/1052145563/wpc480-midterm-exam-2025-comprehensive-exam-questions-frequently-tested-questions-recently-testing-real-exam-… 1/12
, 6/7/25, 2:01 PM WPC480 Midterm Exam 2025 COMPREHENSIVE EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS |RECENTLY TESTIN…
is a condition where competitors engage in intense
Hypercompetition rivalry, markets change quickly and often, and entry
barriers are low
a global economy is one in which goods, services,
Global economy people, skills, and ideas move with limited barriers
across geographic borders
involves action taken by a government to protect its
Protectionism economy from adverse influences due to foreign
trade
is the increasing economic interdependence among
countries and their organizations as reflected in the
Globalization
flow of products, financial capital, and knowledge
across country borders
a global supply chain is a network of firms that spans
Global supply chain multiple countries with the purpose of supplying
goods and services
refers to the processes through which a firm receives
raw materials, uses them to addvalue through
manufacturing a product that provides greater utility
Global value chain
for the consumer, and sells the product to another
firm or the ultimate consumer or the product, in a
global setting
is a set of capabilities firms use to respond to various
Strategic flexibility demands and opportunities existing in today's
dynamic and uncertain competitive environment
means that a firm should not deplete or destroy
Sustainability
natural elements upon which it depends for survival
- the external environment
- an attractive industry
The I/O Model of Above- - strategy formulation
Average Returns - assets and skills
- strategy implementation
- superior returns
https://quizlet.com/1052145563/wpc480-midterm-exam-2025-comprehensive-exam-questions-frequently-tested-questions-recently-testing-real-exam-… 2/12
