11/9/25, 8:59 PM MGT 8803 SUPPLY CHAIN EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 Flashcards…
MGT 8803 SUPPLY CHAIN EXAM Questions with 100%
Correct Answers | Verified | Updated (Actual Exam)
2025\2026
Strategy can be best superior performance in the markets in which the firm operates
described as the goal
directed actions to gain and
sustain ___?
- high performance in
advancing industry
capabilities
- superior performance in
the markets in which the
firm operates
- long term financial profits
and economic viability
- operational improvements
and product
advancements
- the earth's environment and
the well-
being of the communities in
which the firm operates
https://quizlet.com/1094245479/mgt-8803-supply-chain-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-flash-card… 1/31
,11/9/25, 8:59 PM MGT 8803 SUPPLY CHAIN EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 Flashcards…
According to Michael choosing what not to do
Porter the essence of
strategy is _.
- leveraging operational
and marketing
effectiveness to create
competitive advantage
- choosing what not to do
- maximizing ROI while
driving cost of capital
down
- copying what works from
competitors and avoiding
what doesn't work
- aligning the external
market environment with
the firm's business model
https://quizlet.com/1094245479/mgt-8803-supply-chain-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-flash-card… 2/31
,11/9/25, 8:59 PM MGT 8803 SUPPLY CHAIN EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 Flashcards…
True/False: A criticism of True
the Traditional Top-Down
approach to strategic
planning is that
management assesses the
external environment in
terms of fit to the firm's
current capabilities rather
than thinking more "outside
the box" when formulating
future strategies.
Consider both statements. Only statement 1 is True
- Statement 1: Competitive
advantage is
always judged relative to
other competitors in the
same industry or judged
relative to industry
average.
- Statement 2: Regardless of
cost, a
differentiation strategy will
always result in a
competitive advantage if
the firm can
charge a premium price for its
products.
All of the following below economies of scale
are drivers that can create
a differentiation advantage
and a greater willingness
to pay except one.
Select the one that does not
belong on the list:
- brand
- existenceof complements
- economies of scale
- customer experience
https://quizlet.com/1094245479/mgt-8803-supply-chain-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-flash-card… 3/31
, 11/9/25, 8:59 PM MGT 8803 SUPPLY CHAIN EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 Flashcards…
- product features
- product performance
Which Statement below is To obtain a competitive advantage a firm must either
true? create more value for customers while keeping its
costs comparable to competitors, or it must provide
- Cost leadership is the
value equivalent to competitors but at a lower cost.
most common generic
strategy for firms focused on
niche markets
-A firm is said to have a
sustainable competitive
advantage if it can
consistently earn a profit
every kayear for a
prolonged period of time
- To obtain a competitive
advantage a firm must
either create more value
for
customers while keeping its
costs
comparable to competitors, or
it must
provide value equivalent
to competitors but at a
lower cost.
-A firm that is charging
the lowest price relative to
its competitors will always
be pursuing a cost
leadership strategy
- Bogus question: All
of the above
https://quizlet.com/1094245479/mgt-8803-supply-chain-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-flash-card… 4/31
MGT 8803 SUPPLY CHAIN EXAM Questions with 100%
Correct Answers | Verified | Updated (Actual Exam)
2025\2026
Strategy can be best superior performance in the markets in which the firm operates
described as the goal
directed actions to gain and
sustain ___?
- high performance in
advancing industry
capabilities
- superior performance in
the markets in which the
firm operates
- long term financial profits
and economic viability
- operational improvements
and product
advancements
- the earth's environment and
the well-
being of the communities in
which the firm operates
https://quizlet.com/1094245479/mgt-8803-supply-chain-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-flash-card… 1/31
,11/9/25, 8:59 PM MGT 8803 SUPPLY CHAIN EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 Flashcards…
According to Michael choosing what not to do
Porter the essence of
strategy is _.
- leveraging operational
and marketing
effectiveness to create
competitive advantage
- choosing what not to do
- maximizing ROI while
driving cost of capital
down
- copying what works from
competitors and avoiding
what doesn't work
- aligning the external
market environment with
the firm's business model
https://quizlet.com/1094245479/mgt-8803-supply-chain-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-flash-card… 2/31
,11/9/25, 8:59 PM MGT 8803 SUPPLY CHAIN EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 Flashcards…
True/False: A criticism of True
the Traditional Top-Down
approach to strategic
planning is that
management assesses the
external environment in
terms of fit to the firm's
current capabilities rather
than thinking more "outside
the box" when formulating
future strategies.
Consider both statements. Only statement 1 is True
- Statement 1: Competitive
advantage is
always judged relative to
other competitors in the
same industry or judged
relative to industry
average.
- Statement 2: Regardless of
cost, a
differentiation strategy will
always result in a
competitive advantage if
the firm can
charge a premium price for its
products.
All of the following below economies of scale
are drivers that can create
a differentiation advantage
and a greater willingness
to pay except one.
Select the one that does not
belong on the list:
- brand
- existenceof complements
- economies of scale
- customer experience
https://quizlet.com/1094245479/mgt-8803-supply-chain-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-flash-card… 3/31
, 11/9/25, 8:59 PM MGT 8803 SUPPLY CHAIN EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 Flashcards…
- product features
- product performance
Which Statement below is To obtain a competitive advantage a firm must either
true? create more value for customers while keeping its
costs comparable to competitors, or it must provide
- Cost leadership is the
value equivalent to competitors but at a lower cost.
most common generic
strategy for firms focused on
niche markets
-A firm is said to have a
sustainable competitive
advantage if it can
consistently earn a profit
every kayear for a
prolonged period of time
- To obtain a competitive
advantage a firm must
either create more value
for
customers while keeping its
costs
comparable to competitors, or
it must
provide value equivalent
to competitors but at a
lower cost.
-A firm that is charging
the lowest price relative to
its competitors will always
be pursuing a cost
leadership strategy
- Bogus question: All
of the above
https://quizlet.com/1094245479/mgt-8803-supply-chain-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-flash-card… 4/31
