BUS 4385 LATEST 2026 STUDY GUIDE QUESTIONS AND
ANSWERS RATED A+
✔✔Which Porter Five Force is this?
Threat of new entries coming into the space and doing/selling what you do better,
cheaper, or easier - ✔✔Threat of new entry
✔✔Which Porter Five Force is this?
Analysis of how many rivals are in the space, and how competitive are those rivals
already - ✔✔Competitive rivalry
✔✔What does a SWOT analysis stand for - ✔✔strengths, weaknesses, opportunities,
threats
✔✔What is this?
The factors that lead a company to produce a product or service better and more cheap
then its competitors - ✔✔Competitive advantage
✔✔What is this?
Established by the company's overall strategy and lays out the company's approach to
satisfying buyer wants and needs at a price that customers will consider a good value -
✔✔Customer Value Porposition
✔✔What is this?
Box with four quadrants that shows both the competitive advantage and competitive
scope of a company that deals with cost and differentiation strategies - ✔✔Porter's
generic competitive strategies matrix
✔✔What is the top left quadrant on the generic competitive strategies matrix? - ✔✔Low
cost strategy
✔✔What is the bottom left quadrant on the generic competitive strategies matrix? -
✔✔Focused Low cost strategy
✔✔What is the top right quadrant on the generic competitive strategies matrix? -
✔✔Broad differentiation strategy
✔✔What is the bottom right quadrant on the generic competitive strategies matrix? -
✔✔Focused differentiation strategy
, ✔✔What is the x-axis on the generic competitive strategies matrix? - ✔✔Competitive
advantage
✔✔What is the y-axis on the generic competitive strategies matrix? - ✔✔Market
coverage
✔✔Which quadrant on the generic competitive strategies matrix is this?
Strive to have lower costs then rivals and appeal to broad spectrum of customers -
✔✔Low cost strategy
✔✔Which quadrant on the generic competitive strategies matrix is this?
seeking to differentiate company's product or service from rivals' in a way that appeals
to a broad spectrum of customers - ✔✔Broad differentiation strategy
✔✔Which quadrant on the generic competitive strategies matrix is this?
concentrating of having lower costs then rivals in a market niche and specific target
market - ✔✔Focused Low Cost strategy
✔✔Which quadrant on the generic competitive strategies matrix is this?
Focusing on a market niche and specific target market by offering product or service
attributes that are customized to meet tastes and outcompete rivals - ✔✔Narrow
differentiation strategy
✔✔What are the 7 habits of highly effective people? - ✔✔be proactive
begin with the end in mind
put first things first
think win-win
seek first to understand, then to be understood
synergize
sharpen the saw
✔✔Which Habit of highly effective people is this?
Take responsibility. We are uniquely in charge of our own behavior, we need to quit
reacting to and blaming the external world around us and own our choices and choose
our own behavior. - ✔✔Be Proactive
✔✔Which Habit of highly effective people is this?
ANSWERS RATED A+
✔✔Which Porter Five Force is this?
Threat of new entries coming into the space and doing/selling what you do better,
cheaper, or easier - ✔✔Threat of new entry
✔✔Which Porter Five Force is this?
Analysis of how many rivals are in the space, and how competitive are those rivals
already - ✔✔Competitive rivalry
✔✔What does a SWOT analysis stand for - ✔✔strengths, weaknesses, opportunities,
threats
✔✔What is this?
The factors that lead a company to produce a product or service better and more cheap
then its competitors - ✔✔Competitive advantage
✔✔What is this?
Established by the company's overall strategy and lays out the company's approach to
satisfying buyer wants and needs at a price that customers will consider a good value -
✔✔Customer Value Porposition
✔✔What is this?
Box with four quadrants that shows both the competitive advantage and competitive
scope of a company that deals with cost and differentiation strategies - ✔✔Porter's
generic competitive strategies matrix
✔✔What is the top left quadrant on the generic competitive strategies matrix? - ✔✔Low
cost strategy
✔✔What is the bottom left quadrant on the generic competitive strategies matrix? -
✔✔Focused Low cost strategy
✔✔What is the top right quadrant on the generic competitive strategies matrix? -
✔✔Broad differentiation strategy
✔✔What is the bottom right quadrant on the generic competitive strategies matrix? -
✔✔Focused differentiation strategy
, ✔✔What is the x-axis on the generic competitive strategies matrix? - ✔✔Competitive
advantage
✔✔What is the y-axis on the generic competitive strategies matrix? - ✔✔Market
coverage
✔✔Which quadrant on the generic competitive strategies matrix is this?
Strive to have lower costs then rivals and appeal to broad spectrum of customers -
✔✔Low cost strategy
✔✔Which quadrant on the generic competitive strategies matrix is this?
seeking to differentiate company's product or service from rivals' in a way that appeals
to a broad spectrum of customers - ✔✔Broad differentiation strategy
✔✔Which quadrant on the generic competitive strategies matrix is this?
concentrating of having lower costs then rivals in a market niche and specific target
market - ✔✔Focused Low Cost strategy
✔✔Which quadrant on the generic competitive strategies matrix is this?
Focusing on a market niche and specific target market by offering product or service
attributes that are customized to meet tastes and outcompete rivals - ✔✔Narrow
differentiation strategy
✔✔What are the 7 habits of highly effective people? - ✔✔be proactive
begin with the end in mind
put first things first
think win-win
seek first to understand, then to be understood
synergize
sharpen the saw
✔✔Which Habit of highly effective people is this?
Take responsibility. We are uniquely in charge of our own behavior, we need to quit
reacting to and blaming the external world around us and own our choices and choose
our own behavior. - ✔✔Be Proactive
✔✔Which Habit of highly effective people is this?
