WPC 480 Final Exam Questions With Complete Solutions

Soil and Sod Gardening Supplies has a vision of helping every American learn how to grow their own food. Its management team recently unveiled the mission statement "A garden at every home." What is wrong with this mission statement? correct answer: It does not indicate how the company will accomplish its goals. Bubble Buddy is a company that manufactures hot tubs. Which of the following best illustrates a product-oriented vision for Bubble Buddy? correct answer: to be the pioneering manufacturer of hot tubs In the AFI strategy framework, strategy analysis primarily involves correct answer: evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage. During an AFI planning session, the managers of the Fukuhara Motorcycle Corporation decided to place various stages of production in different countries in order to implement the strategy of cutting overhead costs. By doing this, what issue did the firm address? correct answer: organizational design Which of the following summarizes the difference between a firm's vision and mission? correct answer: A vision states what a firm wants to accomplish; a mission states how a firm plans to accomplish this vision.