WPC Study guides, Study notes & Summaries

Corporate Strategy - The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously What does corporate strategy address? - Where to compete on 3 dimensions: Industry value chain: vertical integration Products & services: diversification Geography: regional, national, or global markets Vertical Integration - The process in which several steps in the production and/or distribution of a product or service are controlled and own...

Strategic Competitiveness - achieved when a firm successfully formulates and implements a value-creating strategy Strategy - integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitate. Above average returns - returns in excess of what an investor e...

The two business models we reviewed—Industrial Organization and Resource-Based—focus, respectively, on _____ and _____ analysis: - external; internal What is the primary objective of a company strategy? - Achieving sustainable competitive advantage. Below are several statements from companies. Which of these is a vision statement? - Habitat for Humanity: A world where everyone has a decent place to live. A mission statement can describe: - what the company does in terms of its custo...

WPC Exam Review Questions & Answers. Corporate executives at LiveReal, Inc decided to compete in the remote model airplane industry by making the largest model planes available. By doing this, they completed part of their a. corporate strategy b. implementation strategy c. functional strategy d. business strategy Business Strategy As the legal owners, ________have the most legitimate claim on a company's profits. a. creditors b. board members c. shareholders d. employees shareho...

WPC Exam Review Questions and answers, rated A+/ Multicollinearity occurs when two independent variables in the regression model are highly correlated What would be an example of a null hypothesis when you are testing correlations between random variables x and y? there is no significant correlation between the variables x and y A regression analysis is used to determine the degree of association between variables In a regression model, outliers may be identified by examining the res...

WPC Exam Review Questions and answers. What does it mean to promote one's personal brand when networking? Tell contacts about one's unique skills, traits, and value. Which tips provide good advice to help a career searcher plan an informational interview? I. Prepare questions in advance.II. Be respectful of people's time.III. Dress casually to set the right tone.IV. Avoid taking notes during the interview.V. Avoid questions that can be answered with research. I, II, V Lois is a prem...

WPC Exam Review Questions and answers. We can only have a limited number of variables in a machine learning model. False With more data available, the machine learning algorithms improve their performance. True We can adjust or train input variable and the slope in a machine learning linear regression model? False An election poll is an example of machine learning applications False Which machine learning technique can a bank apply to determine if a loan application will be approved? ...

WPC Exam Review Questions and answers. Each company needs to decide where it is willing to engage in intense competition (say for example based on pricing or large investments) and other cases where it is not, either because of the nature of the market or the nature of the other competitors. The tools and elements in this frame are those from Game Theory-The tools and elements in this frame are those from game theory and include concepts such as multi‐play games and reputation. In g...

WPC Exam Questions & Answers 2023/2024 Multicollinearity occurs when - ANSWER-two independent variables in the regression model are highly correlated What would be an example of a null hypothesis when you are testing correlations between random variables x and y? - ANSWER-there is no significant correlation between the variables x and y A regression analysis is used to determine the - ANSWER-degree of association between variables In a regression model, outliers may be identified b...

WPC Quiz Questions & Answers 2023/2024