BUS 4476

C. Filing a tax return - Answer Which of the following tasks would NOT typically represent an operations management activity at Hard Rock Cafe? A. preparing an employee schedule B. designing an efficient layout C. filing a tax return D. receiving a shipment of incoming food ingredients C. A supply chain - Answer A global network of organizations and activities that supply a firm with goods and services is referred to as A. business functions. B. production. C. a supply cha...

1. (Consider the application of Porter's Five-Force Model to the primary industry of Cannondale): For Cannondale's industry, the threat of new entrants: - Answer Is a moderate threat at most due to barriers to entry such as high expectations of quality and performance. 2. (Consider the application of Porter's Five-Force Model to the primary industry of Cannondale): For Cannondale's industry, the threat of substitute products is: - Answer not likely to be a strong threat due ...

Distribution (Placement) - Answer One of the four P's that is least flexible Marketing Channels - Answer An organized system of marketing institutions through which products, resources, information, funds, and/or product ownership flow from the point of production to the final user. Physical Distribution - Answer Coordinating the flow of information and products among members of the channel to ensure that products are available in the right places, in the right quantities, at t...

Blue Ocean Strategy - Answer Avoids the strengths of opponents by creating a new, untapped market rather than competing with rivals in an existing market. Foothold - Answer A small position that a firm intentionally establishes within a market in which it does not yet compete. Bricolage - Answer A concept that is borrowed from the arts and that stresses moves that create new markets. Bricolage means using whatever materials and resources happen to be available as the inputs into ...

GlenOak Corp. is planning to open a second corporate office in a new city. The legal team at GlenOak Corp. is studying the various state and local regulations that control its industry in order to narrow down the possible sites to those which would be most conducive to success. What type of stakeholder is being focused on at this stage? - Answer Host communities, which are product market stakeholders Product market stakeholders generally are satisfied when - Answer a firm's profit ma...

William Ackman is a hedge fund manager who owned a large share of J.C. Penney stock. He was also a member of the J.C. Penney board. He tried to get the CEO fired, but the board and top management said he breached his boardroom duties when he publicly disclosed information about the CEO search and financial condition of the company. He resigned from the board of directors. This is an example of a contentious relationship between - Answer the capital market stakeholders and the organizational s...

What is included in the strategic management process? - Answer It consist of five interrelated and integrated stages: 1. Developing a strategic vision 2. Setting objectives 3. Crafting a strategy to achieve the objectives 4. Implementing and executing the chosen strategy efficiently and effectively 5. Evaluating performance and initiating corrective adjustments in vision. 1. Developing a strategic vision - Answer What the firm wants to become or where the the firm is going. 2. Settin...

Philanthropic activity on behalf of a company during a global pandemic would represent a strength. - Answer True Roger wants to start a grocery store delivery service for the elderly and immunocompromised population in a rural community. Since grocery store delivery is an established market and serviced by Instacart and Amazon Fresh, Roger's barriers to entry for this industry are considered high. - Answer False German based car manufacturers Audi, BMW, and Mercedes-Benz constitut...

strategy - Answer an action a firm takes (exploiting core competencies) to gain/sustain a competitive advantage; it requires a commitment of resources business-level strategy - Answer an action a firm takes (exploiting core competencies) to gain/sustain a competitive advantage in a specific product market/single geographic market cost leadership - Answer a set of actions taken to produce goods and services (with acceptable features) at a low cost differentiation - Answer a s...