MGMT 485W MIDTERM REVIEW QUESTIONS
Pinto's Home Bakes is a 64-year-old company established in
1950. The company has been providing freshly baked breads and pastries daily for
many years and has created a high reputation for itself. Its customers have always been
satisfied with its timely service and delivery. The customers of Pinto's Home Bakes state
that they prefer to go this deli because the products it delivers are never stale and have
a unique flavor. Which of the following has Pinto's Home Bakes created for its
customers? - Answer -value
Bertha, a business analyst, wants to analyze Shop Wise Inc., a software company. She
wants to know how the company, supplying its products and services for over a decade,
still maintains competitive advantage over other companies. She does the analysis
simply by walking around the company and taking notes. She even tries out one of the
company's software programs and finds it useful. This scenario illustrates the use of -
Answer -observation
All assets, capabilities, organizational processes, firm attributes, Information,
knowledge, and so on, controlled by a firm that enable the firm to conceive o and
implement strategies that improve its efficiency and effectiveness most accurately
defines the term, - Answer -resources
Purple Inc. an interior desien combany. offers its clients unique design solutions. Clients
can choose from Purple's in-house products, customize them to meet their needs, and
see how their home would appear using a 3D visualization software in a mini theatre at
Purple's office. This gives Purple a competitive advantage over its rivals since none of
them offer this unique combination of services. Purple's advantage is due to its -
Answer -product differentiation strategy
Leo corp., a mobile manufacturer, attains competitive advantage over its rivals by
providing unique features in the phones they manufacture, such as a 3000 mAh battery,
facial recognition sottware, and customized applications. Which of the following is Leo
trying to attain through these additional product features? - Answer -product
differentiation
During the process of mapping the consumption chain of a product, Nina looks at the
methods followed by companies that send their engineers to check laptops when they
detect that a possible bug could be affecting a system. Which of the following questions
does this example address? - Answer -How is your product repaired, serviced, or
disposed of?
Annabey inc, a small candy manufacturing company established in 1937, now has
several large units that sell unique flavors of candies and assorted chocolates. When
the company started out in 1937, it initially experienced slow growth as it was selling
brand new products in the market. Later on, their sales picked up at a drastic speed
Pinto's Home Bakes is a 64-year-old company established in
1950. The company has been providing freshly baked breads and pastries daily for
many years and has created a high reputation for itself. Its customers have always been
satisfied with its timely service and delivery. The customers of Pinto's Home Bakes state
that they prefer to go this deli because the products it delivers are never stale and have
a unique flavor. Which of the following has Pinto's Home Bakes created for its
customers? - Answer -value
Bertha, a business analyst, wants to analyze Shop Wise Inc., a software company. She
wants to know how the company, supplying its products and services for over a decade,
still maintains competitive advantage over other companies. She does the analysis
simply by walking around the company and taking notes. She even tries out one of the
company's software programs and finds it useful. This scenario illustrates the use of -
Answer -observation
All assets, capabilities, organizational processes, firm attributes, Information,
knowledge, and so on, controlled by a firm that enable the firm to conceive o and
implement strategies that improve its efficiency and effectiveness most accurately
defines the term, - Answer -resources
Purple Inc. an interior desien combany. offers its clients unique design solutions. Clients
can choose from Purple's in-house products, customize them to meet their needs, and
see how their home would appear using a 3D visualization software in a mini theatre at
Purple's office. This gives Purple a competitive advantage over its rivals since none of
them offer this unique combination of services. Purple's advantage is due to its -
Answer -product differentiation strategy
Leo corp., a mobile manufacturer, attains competitive advantage over its rivals by
providing unique features in the phones they manufacture, such as a 3000 mAh battery,
facial recognition sottware, and customized applications. Which of the following is Leo
trying to attain through these additional product features? - Answer -product
differentiation
During the process of mapping the consumption chain of a product, Nina looks at the
methods followed by companies that send their engineers to check laptops when they
detect that a possible bug could be affecting a system. Which of the following questions
does this example address? - Answer -How is your product repaired, serviced, or
disposed of?
Annabey inc, a small candy manufacturing company established in 1937, now has
several large units that sell unique flavors of candies and assorted chocolates. When
the company started out in 1937, it initially experienced slow growth as it was selling
brand new products in the market. Later on, their sales picked up at a drastic speed
