BA 323 EXAM 3 2026 STATISTICAL ANALYSIS
AND DATA INTERPRETATION PRACTICE SET
ANSWERS FULL SOLUTION
◉ 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
◉ cost-leadership strategy.
Answer: keep the costs, and hence prices, of a product or service
below those of competitors and to target a wide market
◉ differentiation strategy.
Answer: to offer products or services that are of unique and superior
value compared with those of competitors but to target a wide
market
, ◉ cost-focused strategy.
Answer: keep the costs of a product below those of competitors and
to target a narrow market
◉ focused differentiation strategy.
Answer: same as the differentiation strategy except with a narrow
focus on a narrow market
◉ organziational culture.
Answer: a formal system of task and reporting relationships that
coordinates and motivates an organization's members to work
together to achieve the organizations goals.
◉ human resource practices.
Answer: Consist of all of the activities an organization uses to
manage its human capital, including staffing, appraising, training
and development, and compensation
◉ three levels of organizational culture.
Answer: 1. observable artifacts
2. espoused values
3. basic assumptions
AND DATA INTERPRETATION PRACTICE SET
ANSWERS FULL SOLUTION
◉ 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
◉ cost-leadership strategy.
Answer: keep the costs, and hence prices, of a product or service
below those of competitors and to target a wide market
◉ differentiation strategy.
Answer: to offer products or services that are of unique and superior
value compared with those of competitors but to target a wide
market
, ◉ cost-focused strategy.
Answer: keep the costs of a product below those of competitors and
to target a narrow market
◉ focused differentiation strategy.
Answer: same as the differentiation strategy except with a narrow
focus on a narrow market
◉ organziational culture.
Answer: a formal system of task and reporting relationships that
coordinates and motivates an organization's members to work
together to achieve the organizations goals.
◉ human resource practices.
Answer: Consist of all of the activities an organization uses to
manage its human capital, including staffing, appraising, training
and development, and compensation
◉ three levels of organizational culture.
Answer: 1. observable artifacts
2. espoused values
3. basic assumptions
