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It is both reasonable and wise for a company to consider shifting away from
pursuit of a strategy to strongly differentiate its branded footwear from the
offerings of rival companies and sell its footwear at a premium price when - ---
answer---;· A big percentage of industry rivals are trying to outcompete each
other with copycat differentiation strategies that include high S/W ratings, many
models/styles, high celebrity appeal ratings, and above-average advertising
expenditures
Which of the following is NOT of much significance to company manager in
deciding whether profitable opportunity exist to build (or purchase) additional
plant capacity in the upcoming decision round? - ---answer---;· Information in the
most recent FIR indicates that more than half of the companies in the industry
have expanded their plant capacity since year 10
What IS significant to company managers in deciding whether profitable
opportunity exist to build (or purchase) additional plant capacity in the upcoming
decision round? - ---answer---;· The growth in branded demand and private-label
demand over the next 3 years (as reported in each year FIR)
,· How branded pairs available for sale in each geographic region in the past year
compared with projected branded demand and private label demand in each
geographic region over the next three years as shown in each year FIR
· The size of beginning inventories of branded footwear in each geographic region
reported in the most recent FIR
· Whether the most recent years FIR shows that the industry already has more
than enough production capacity worldwide to supply the combined demand for
branded footwear and private-label footwear worldwide for each of the next
three years
If a company's actual results for revenues, net profits, EPS, and ROE turn out to be
worse than projected then it is usually because - ---answer---;· The competitive
efforts exerted by rival companies to capture sales and market share for
themselves in one or more geographic regions proved stronger than company
manager anticipated, given the estimates they entered for the various industry
averages affecting internet sales and branded wholesale sales on the sales
forecast screen
Which of the following are affective ways for manager to try to boost a company's
stock price? - ---answer---;· Increase the company's dividend payment to
shareholders, each year by at least $ per share, repurchase shares of common
stock, and make every effort to achieve annual increases in earnings per share.
Which of the following is an advantage of having plants to manufacture athletic
footwear in all four geographic regions? - ---answer---;· Reduced exposure to
adverse exchange rate cost adjustments (because having plants in all four
geographic regions typically enables a company to reduce cross region shipments
of pairs that are subject to unfavorable shifts in exchange rates)
, One of the lessons about competing in a globally competitive marketplace that
comes from "playing" the Business strategy game is that - ---answer---;· The
dynamic, ever evolving nature of competition makes it advisable for managers to
make strategic adjustments of one kind or another on an ongoing basis to
improve the companies competiveness vis-à-vis rivals and boost its overall
performance
One of the benefits of contracting with celebrities to endorse the company's
brand of athletic footwear is - ---answer---;· The assist that celebrity endorsement
provides in increasing a company's sales and market share of branded footwear
Which one of the following is NOT a way to reduce costs and strive to achieve a
competitive advantage based on lower overall costs per pair sold than rival
companies? - ---answer---;Avoiding the use of overtime at the company's plants
Which one of the following is IS a way to reduce costs and strive to achieve a
competitive advantage based on lower overall costs per pair sold than rival
companies? - ---answer---;· Searching for the lowest cost way to achieve the
target S/Q rating
· Spending (but also taking care not to overspend) on best practices training for
workers in all of the companies' plants
· Striving to operate at full production capacity so as to help spread fixed costs
over more pairs of footwear.
· Investing in one or more plant upgrades that have the effect of lowering
manufacturing costs per pair produced