BSG MIDTERM ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ A company's strategy is a "work in progress" and evolves over
time because of
Answer: The need to react and respond to changing market and
competitive conditions and ongoing management efforts to improve
this or that piece of the strategy
◉ Good strategy and good strategy execution
Answer: are the most trustworthy signs of good management
◉ Based on figure 1.1, which of the following is not something to
look for in identifying a company's strategy?
Answer: Actions to rise or lower the company's performance targets
and actions to pay down the company's long-term debt
◉ Which of the following statements about a company's strategy is
false?
Answer: Well-crafted company strategies rarely need to be changed
unless one or more important rival firms launch unexpected
,strategic initiatives that endanger the company's strategy long-term
profitability
◉ A company's business model
Answer: sets forth how its strategy and business approaches will
create value for customers while at the same time generating ample
revenues to cover costs and realize a profit
◉ Which of the following is not a frequently used strategic approach
to setting a company apart from rivals, delivering superior value,
achieving competitive advantage, and converting buyers into loyal
customers?
Answer: striving to be more profitable than rivals and aiming for a
competitive edge based on bigger profit margins
◉ The two crucial elements of a company's business model are
Answer: its customers vale proposition (which lays out the
company's approach to satisfying buyer needs and requirements at a
price they will consider a good value) and its "profit formula" (the
business approach, means of generating revenues, principal
resources, and operating systems that will be employed to create
and deliver that intended customer value cost-efficiently and at a
price that will enable attractive profits)
,◉ A company's strategy and its quest for competitive advantage are
tightly connected because
Answer: a company is almost certain to earn significantly higher
profits when it enjoys a competitive advantage as opposed to when
it competes with no advantage or is hamstrung by completive
disadvantage
◉ A company's strategy is defined by
Answer: the specific market positioning, competitive moves, and
business approaches that form management's answer to "What's
our plan for running the company and producing good results?"
◉ Which of the following questions helps distinguishing a winning
strategy from a mediocre or losing strategy?
Answer: Is the strategy helping the company achieve a sustainable
competitive advantage and is it resulting in good company
performance?
◉ A company's strategy evolves from one version to the next
Answer: as managers abandon obsolete or ineffective strategy
elements, settle upon a set of proactive strategy elements, and then-
as new circumstances unfold--make adaptive strategic adjustments,
which gives rise to reactive strategy elements
◉ Crafting an ethical strategy requires that managers
, Answer: carefully and conscientiously consider whether each
proposed strategy element can pass the test of moral scrutiny in the
sense of not being shady, unconscionable, or injurious to others.
◉ Which of the following is not something a company's strategy is
concerned with?
Answer: Management's choice of which of several alternative
business models to employ in delivering value to customers and to
shareholders
◉ In choosing among strategy alternatives, company managers
Answer: are well-advised to embrace strategic actions that can pass
the test of moral scrutiny-- it is not enough to just stay within the
bounds of what is legal and acceptable to regulators
◉ In endeavoring to craft an ethical strategy, company managers
Answer: have to go beyond what strategic actions and behaviors are
deemed legal and address whether all the various elements of the
company's strategy can pass the test of moral scrutiny
◉ In crafting a strategy, management is in effect saying
Answer: "among all the many different business approaches and
ways of competing we could have chosen, we have decided to
employ this particular combination of competitive and operating
approaches in moving the company in the intended direction,
QUESTIONS WITH SOLUTIONS GRADED A+
◉ A company's strategy is a "work in progress" and evolves over
time because of
Answer: The need to react and respond to changing market and
competitive conditions and ongoing management efforts to improve
this or that piece of the strategy
◉ Good strategy and good strategy execution
Answer: are the most trustworthy signs of good management
◉ Based on figure 1.1, which of the following is not something to
look for in identifying a company's strategy?
Answer: Actions to rise or lower the company's performance targets
and actions to pay down the company's long-term debt
◉ Which of the following statements about a company's strategy is
false?
Answer: Well-crafted company strategies rarely need to be changed
unless one or more important rival firms launch unexpected
,strategic initiatives that endanger the company's strategy long-term
profitability
◉ A company's business model
Answer: sets forth how its strategy and business approaches will
create value for customers while at the same time generating ample
revenues to cover costs and realize a profit
◉ Which of the following is not a frequently used strategic approach
to setting a company apart from rivals, delivering superior value,
achieving competitive advantage, and converting buyers into loyal
customers?
Answer: striving to be more profitable than rivals and aiming for a
competitive edge based on bigger profit margins
◉ The two crucial elements of a company's business model are
Answer: its customers vale proposition (which lays out the
company's approach to satisfying buyer needs and requirements at a
price they will consider a good value) and its "profit formula" (the
business approach, means of generating revenues, principal
resources, and operating systems that will be employed to create
and deliver that intended customer value cost-efficiently and at a
price that will enable attractive profits)
,◉ A company's strategy and its quest for competitive advantage are
tightly connected because
Answer: a company is almost certain to earn significantly higher
profits when it enjoys a competitive advantage as opposed to when
it competes with no advantage or is hamstrung by completive
disadvantage
◉ A company's strategy is defined by
Answer: the specific market positioning, competitive moves, and
business approaches that form management's answer to "What's
our plan for running the company and producing good results?"
◉ Which of the following questions helps distinguishing a winning
strategy from a mediocre or losing strategy?
Answer: Is the strategy helping the company achieve a sustainable
competitive advantage and is it resulting in good company
performance?
◉ A company's strategy evolves from one version to the next
Answer: as managers abandon obsolete or ineffective strategy
elements, settle upon a set of proactive strategy elements, and then-
as new circumstances unfold--make adaptive strategic adjustments,
which gives rise to reactive strategy elements
◉ Crafting an ethical strategy requires that managers
, Answer: carefully and conscientiously consider whether each
proposed strategy element can pass the test of moral scrutiny in the
sense of not being shady, unconscionable, or injurious to others.
◉ Which of the following is not something a company's strategy is
concerned with?
Answer: Management's choice of which of several alternative
business models to employ in delivering value to customers and to
shareholders
◉ In choosing among strategy alternatives, company managers
Answer: are well-advised to embrace strategic actions that can pass
the test of moral scrutiny-- it is not enough to just stay within the
bounds of what is legal and acceptable to regulators
◉ In endeavoring to craft an ethical strategy, company managers
Answer: have to go beyond what strategic actions and behaviors are
deemed legal and address whether all the various elements of the
company's strategy can pass the test of moral scrutiny
◉ In crafting a strategy, management is in effect saying
Answer: "among all the many different business approaches and
ways of competing we could have chosen, we have decided to
employ this particular combination of competitive and operating
approaches in moving the company in the intended direction,
