American Military University;BUSN 313/ BUSN313 MIDTERM Overall Grade (highest attempt): 100 / 100 - 100 % Fall 2021.

Question 1 4 / 4 points A strategy is a company's Question options: Long-term objective Pricing policy Value statement Game plan Question 2 4 / 4 points A(n) _____ reflects a company's awareness of how, when and where is should compete, against whom it should compete and for what purpose it should compete. Question options: Vision Long-term objective Organizational structure Strategy 4 /Question point To a large extent, attitudes at the corporate level reflect the concerns of Question options: The federal government Top managers Stockholders and society at large The CEO Question 4 / point Influential individuals and groups that are vitally interested in the actions of the business are called Question options: Customers Stakeholders Stockholders Strategists Question 4 / point Which responsibilities reflect the company's notion of right and proper business behavior? Question options: LegalEthical Discretionary Economic Question 4 / point Which of these refers to the moral principles that reflect society's beliefs about the actions of an individual or group that are right and wrong? Question options: Utilitarian approach CSR Ethics Social audit Question 4 / point ______ refers to the strategy of approaching worldwide markets with standardized products. Question options: Franchising Vertical integration Horizontal integration Globalization Question 4 / pointAs its industry becomes increasingly ______, a firm must begin to coordinate an increasing number of functional activities to effectively compete across countries. Question options: local multidomestic regional global Question 4 / point ________ is a historically popular technique through which managers create a quick overview of a company's strategic situation—it is based on achieving a sound fit between internal resources and the external situation. Question options: Internal analysis External analysis SWOT analysis Value chain analysis Question 0 4 / point A(n) ______ is a major unfavorable situation in a firm's environment. Question options: Core strengthCompetitive disadvantage Threat Weakness Question 1 4 / point A(n) _______ is a limitation or deficiency in one or more of a firm's resources or capabilities relative to its competitors that creates a disadvantage in effectively meeting customer needs. Question options: Weakness Marginal resource Competitive limit Threat Question 2 4 / point ____________________ is a firm that operates in a number of countries, and adjust its products and processes in each, at high relative cost. Question options: Joint Venture Global company BRIC Multi-national Question 4 /3 point The extent to which a company sources from different locations and has located key parts of the supply chain in optimal locations around the world is: Question options: Globalization of the capital base Globalization of the supply base Globalization of market presence Globalization of distance presence Question 4 4 / point The risk from politically induced actions and policies initiated by a foreign government that global organizations encounter is: Question options: Economic risk Global Risk Political Risk Legal Risk Question 5 4 / point The transfer by firms of the full production process of a particular product to a single, low-cost location and the export of the goods to various consumer markets is: Question options:Industrial clustering Value chain reengineering Product specialization Value chain disaggregation Question 6 4 / point __________________ occurs as a result of a relative competitive advantage that is created by the industry itself. Question options: Cost globalization drivers Political competition Industrial clustering Regulated competition Question 7 4 / point ________________ occurs in oligopolistic industries where the direct effect of extensive government intervention creates a global competitive climate. Question options: Cost globalization drivers Industrial clustering Regulated competitionPolitical competition Question 8 4 / point _______________ are strategies that involve making changes in products and services, policy adjustments, business positioning, and expectations for success. Question options: Externalization strategies Innovation strategies Adaption strategies Variation strategies Question 9 4 / point _______________ are strategies that exploit economic or other differences between national or regional markets, usually by locating separate parts of the supply chain in different places. Question options: Arbitrage Adaption strategies Innovation strategies Externalization strategies Question 0 4 / point _________________ consists of the full range of tangible and intangible benefits that a company provides to its customers (stakeholders).Question options: Market participation Core strategy Value proposition Global strategy Question 1 4 / point _______________describes a firm's intention to change or adapt its core (domestic) business model to achieve a competitive advantage as the firm engages in globalized operations. Question options: Value proposition Market participation Core strategy Global strategy Question 2 4 / point __________________ is the relentless focus on providing customers with reliable products or services at competitive prices and delivered with minimal difficulty or inconvenience. Question options: Operational excellence Domestic strategyValue discipline Customer intimacy Question 3 4 / point The demand preference of consumers who desire to be the first to adopt new technologies or possess new, different, and unusual products is known as: Question options: Product leadership Value discipline Operational excellence Customer intimacy Question 4 4 / point Ethical principles in business Question options: are generally less stringent than the ethical principles for society at large. deal chiefly with the actions and behaviors required to operate companies in a socially responsible manner. deal chiefly with the rules each company's top management and board of directors make about "what is right" and "what is wrong." are not materially different from ethical principles in general. Question 5 4 / point The major drivers of unethical business behavior include:Question options: an aversion to ethical correctness on the part of top executives and a belief that unethical behavior is unimpo probably won't be discovered. pervasive managerial immorality and a general lack of scruples on the part of top executives regarding how suppliers should be treated. widespread managerial belief in the ethical relativism school of thinking. corporate cultures that put the bottom line ahead of ethics, heavy pressures on company managers to meet o performance targets, and overzealous or obsessive pursuit of wealth accumulation, power, status, and other s Attempt Score: 100 / 100 - 100 % Overall Grade (highest attempt): 100 / 100 - 100 %