MGT 330 PRINCIPLES OF MANAGEMENT
STUDY GUIDE 2026 COMPREHENSIVE
QUESTIONS AND STEP BY STEP
SOLUTIONS
◉ What is low growth, low share?
Answer: A business position in the BCG matrix.
◉ What are Porter's five industry forces?
Answer: Rivalry among existing competitors, threats of new
entrants, bargaining power of suppliers, bargaining power of buyers,
threat of substitute products/services.
◉ What is a Situational SWOT Analysis?
Answer: An analysis of strengths, weaknesses, opportunities, and
threats in a specific situation.
◉ What is technological lockout?
Answer: Inability to competitively sell products due to reliance on
old technology.
◉ What are innovation streams?
Answer: S-Curve related; streams allow ongoing innovation.
, ◉ What does a flat slope in the S-Curve pattern of innovation
indicate?
Answer: Maturity/slowing innovation, indicating the need for a new
S-curve.
◉ What are the five types of nontariff barriers?
Answer: Trade barriers that are not tariffs, such as quotas and
import licenses.
◉ What was the General Agreement on Tariffs and Trade (GATT)?
Answer: A treaty to reduce trade barriers and promote freer trade,
replaced by the WTO.
◉ What is the purpose of the World Trade Organization (WTO)?
Answer: To govern global trade rules.
◉ What is global consistency?
Answer: A standardized approach valued for efficiency and brand.
◉ Why is local adaptation important?
Answer: Important for local markets; too much focus can lead to loss
of consistency and efficiency.
STUDY GUIDE 2026 COMPREHENSIVE
QUESTIONS AND STEP BY STEP
SOLUTIONS
◉ What is low growth, low share?
Answer: A business position in the BCG matrix.
◉ What are Porter's five industry forces?
Answer: Rivalry among existing competitors, threats of new
entrants, bargaining power of suppliers, bargaining power of buyers,
threat of substitute products/services.
◉ What is a Situational SWOT Analysis?
Answer: An analysis of strengths, weaknesses, opportunities, and
threats in a specific situation.
◉ What is technological lockout?
Answer: Inability to competitively sell products due to reliance on
old technology.
◉ What are innovation streams?
Answer: S-Curve related; streams allow ongoing innovation.
, ◉ What does a flat slope in the S-Curve pattern of innovation
indicate?
Answer: Maturity/slowing innovation, indicating the need for a new
S-curve.
◉ What are the five types of nontariff barriers?
Answer: Trade barriers that are not tariffs, such as quotas and
import licenses.
◉ What was the General Agreement on Tariffs and Trade (GATT)?
Answer: A treaty to reduce trade barriers and promote freer trade,
replaced by the WTO.
◉ What is the purpose of the World Trade Organization (WTO)?
Answer: To govern global trade rules.
◉ What is global consistency?
Answer: A standardized approach valued for efficiency and brand.
◉ Why is local adaptation important?
Answer: Important for local markets; too much focus can lead to loss
of consistency and efficiency.
