BA 323 EXAM 3 2026 BUSINESS ANALYTICS
ASSESSMENT QUESTIONS SOLUTIONS
GRADED A+
◉ business level strategy.
Answer: focuses on individual business units or product/service
lines
◉ Functional Strategy.
Answer: A plan of action to improve the ability of each of an
organization's functions to perform its task-specific activities in
ways that add value to an organization's goods and services.
◉ SWOT analysis.
Answer: strengths, weaknesses, opportunities, threats
◉ PESTEL Analysis.
Answer: The examination of political, economic, social,
technological, environmental, and legal factors and their
implications for an organization.
◉ VRIO Framework.
,Answer: Value, Rarity, Imitability, Organization
◉ Strategic Management Process.
Answer: 1. Establish the mission and the vision
2. Assess the current reality
3. Formulate the grand strategy
4. Implement the strategy
5. Maintain strategic control
◉ three types of corporate/grand strategies.
Answer: growth, stability, defensive
◉ growth strategy.
Answer: involves expansion - as in sales revenues, market share,
number of employees, or number of customers
◉ stability strategy.
Answer: a grand strategy that involves little or no significant change
◉ defensive strategy (retrenchment strategy).
Answer: a grand strategy that involves reduction in the
organization's efforts
, ◉ What is the first force in Porter's Five Competitive Forces?.
Answer: Threat of new entrants
◉ What is the second force in Porter's Five Competitive Forces?.
Answer: Bargaining power of suppliers
◉ What is the third force in Porter's Five Competitive Forces?.
Answer: Bargaining power of buyers
◉ What is the fourth force in Porter's Five Competitive Forces?.
Answer: Threat of substitute products or services
◉ What is the fifth force in Porter's Five Competitive Forces?.
Answer: Rivalry among competitors
◉ Porter's Four Competitive Strategies.
Answer: 1. cost-leadership
2. differentiation
3. cost-focus
4. focused-differentiation
ASSESSMENT QUESTIONS SOLUTIONS
GRADED A+
◉ business level strategy.
Answer: focuses on individual business units or product/service
lines
◉ Functional Strategy.
Answer: A plan of action to improve the ability of each of an
organization's functions to perform its task-specific activities in
ways that add value to an organization's goods and services.
◉ SWOT analysis.
Answer: strengths, weaknesses, opportunities, threats
◉ PESTEL Analysis.
Answer: The examination of political, economic, social,
technological, environmental, and legal factors and their
implications for an organization.
◉ VRIO Framework.
,Answer: Value, Rarity, Imitability, Organization
◉ Strategic Management Process.
Answer: 1. Establish the mission and the vision
2. Assess the current reality
3. Formulate the grand strategy
4. Implement the strategy
5. Maintain strategic control
◉ three types of corporate/grand strategies.
Answer: growth, stability, defensive
◉ growth strategy.
Answer: involves expansion - as in sales revenues, market share,
number of employees, or number of customers
◉ stability strategy.
Answer: a grand strategy that involves little or no significant change
◉ defensive strategy (retrenchment strategy).
Answer: a grand strategy that involves reduction in the
organization's efforts
, ◉ What is the first force in Porter's Five Competitive Forces?.
Answer: Threat of new entrants
◉ What is the second force in Porter's Five Competitive Forces?.
Answer: Bargaining power of suppliers
◉ What is the third force in Porter's Five Competitive Forces?.
Answer: Bargaining power of buyers
◉ What is the fourth force in Porter's Five Competitive Forces?.
Answer: Threat of substitute products or services
◉ What is the fifth force in Porter's Five Competitive Forces?.
Answer: Rivalry among competitors
◉ Porter's Four Competitive Strategies.
Answer: 1. cost-leadership
2. differentiation
3. cost-focus
4. focused-differentiation
