WPC 480 2025/2026 Exam Questions
with Detailed Verified Answers (100%
Correct Answers) | Already Graded A+
A diagnosis of the competitive challenge, an element of a good strategy, is
primarily accomplished through strategy - 🧠ANSWER ✔✔analysis.
Which of the following does a firm possess when it can outperform other
firms in the same industry or the industry average over a prolonged period
of time? - 🧠ANSWER ✔✔sustainable competitive advantage
Revved Rider Inc., a motorcycle company, is the market leader due to its
superior engine technology and service orientation. These unique qualities
have helped the company generate revenues that are consistently higher
than other firms in the same industry. Which of the following can be
concluded about Revved Rider Inc. from this scenario? - 🧠ANSWER ✔✔It
has a competitive advantage over the other firms.
,Which of the following statements about competitive advantage is not true?
- 🧠ANSWER ✔✔A firm's competitive advantage is always absolute, not
relative.
A firm is likely to have a competitive advantage when it - 🧠ANSWER
✔✔provides services that consumers will value more than those of its
rivals.
The greater the difference between value creation and cost, the -
🧠ANSWER ✔✔greater a firm's economic contribution.
When a firm integrates the competitive strategies of cost-leadership and
differentiation, it will most likely result in - 🧠ANSWER ✔✔trade-offs that
work against each other.
How has Threadless staked out a unique strategic position? - 🧠ANSWER
✔✔by providing customers a voice in product design
Which of the following has contributed to Twitter's loss of a competitive
advantage? - 🧠ANSWER ✔✔Twitter does not allow advertisers to target
their online ads precisely enough.
, Quick Eats is a fast-food restaurant that has recently entered the hospitality
industry. Since most of its competitors are pursuing a low-cost position and
doing well, Quick Eats also wants to adopt the same strategy. Which of the
following will be a likely implication of this decision? - 🧠ANSWER ✔✔Quick
Eats will face low profit potential.
Which of the following statements is true of strategy? - 🧠ANSWER
✔✔Actions that allow a firm to address a competitive challenge are
strategy.
Which of the following statements with regard to determining firm
performance is true? - 🧠ANSWER ✔✔External analysis will help
understand the industry effects that determine a firm's performance.
Which of the following forces are most closely related to firm effects within
a pharmaceutical industry? - 🧠ANSWER ✔✔the strategic actions taken by
managers of a firm in the industry
The metaphor of a black swan best applies to - 🧠ANSWER ✔✔events that
are considered highly unexpected and highly impactful when they do occur.
The black swan events in the past have demonstrated that - 🧠ANSWER
✔✔stakeholders can affect or be affected by a firm's actions.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
with Detailed Verified Answers (100%
Correct Answers) | Already Graded A+
A diagnosis of the competitive challenge, an element of a good strategy, is
primarily accomplished through strategy - 🧠ANSWER ✔✔analysis.
Which of the following does a firm possess when it can outperform other
firms in the same industry or the industry average over a prolonged period
of time? - 🧠ANSWER ✔✔sustainable competitive advantage
Revved Rider Inc., a motorcycle company, is the market leader due to its
superior engine technology and service orientation. These unique qualities
have helped the company generate revenues that are consistently higher
than other firms in the same industry. Which of the following can be
concluded about Revved Rider Inc. from this scenario? - 🧠ANSWER ✔✔It
has a competitive advantage over the other firms.
,Which of the following statements about competitive advantage is not true?
- 🧠ANSWER ✔✔A firm's competitive advantage is always absolute, not
relative.
A firm is likely to have a competitive advantage when it - 🧠ANSWER
✔✔provides services that consumers will value more than those of its
rivals.
The greater the difference between value creation and cost, the -
🧠ANSWER ✔✔greater a firm's economic contribution.
When a firm integrates the competitive strategies of cost-leadership and
differentiation, it will most likely result in - 🧠ANSWER ✔✔trade-offs that
work against each other.
How has Threadless staked out a unique strategic position? - 🧠ANSWER
✔✔by providing customers a voice in product design
Which of the following has contributed to Twitter's loss of a competitive
advantage? - 🧠ANSWER ✔✔Twitter does not allow advertisers to target
their online ads precisely enough.
, Quick Eats is a fast-food restaurant that has recently entered the hospitality
industry. Since most of its competitors are pursuing a low-cost position and
doing well, Quick Eats also wants to adopt the same strategy. Which of the
following will be a likely implication of this decision? - 🧠ANSWER ✔✔Quick
Eats will face low profit potential.
Which of the following statements is true of strategy? - 🧠ANSWER
✔✔Actions that allow a firm to address a competitive challenge are
strategy.
Which of the following statements with regard to determining firm
performance is true? - 🧠ANSWER ✔✔External analysis will help
understand the industry effects that determine a firm's performance.
Which of the following forces are most closely related to firm effects within
a pharmaceutical industry? - 🧠ANSWER ✔✔the strategic actions taken by
managers of a firm in the industry
The metaphor of a black swan best applies to - 🧠ANSWER ✔✔events that
are considered highly unexpected and highly impactful when they do occur.
The black swan events in the past have demonstrated that - 🧠ANSWER
✔✔stakeholders can affect or be affected by a firm's actions.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
