CAPSIM Exam 1 ACTUAL Exam Questions
and CORRECT Answers
strategy - CORRECT ANSWER - a set of actions that managers take to increase their
company's performance relative to industry rivals
competitive advantage - CORRECT ANSWER - a strategy is implemented to create a
_____ ___ over other companies
competitive advantage - CORRECT ANSWER - a company is said to have ___ ____ when
its profitability is greater than the average profitability for all firms in the industry.
competitive advantage - CORRECT ANSWER - is sustained when it is maintained for
several years.
general managers - CORRECT ANSWER - ___ ___ bears the responsibility for overall
performance
functional managers - CORRECT ANSWER - ___ ____ supervise a particular function(
task, activity, or operation)
Strategic managers - CORRECT ANSWER - Corporate Managers oversee strategy for
whole company
Business Managers lead the strategy for their self-contained division
Functional Managers are responsible for one organizational activity
Strategy Making Process - CORRECT ANSWER - Select the corporate mission statement
and major goals
and CORRECT Answers
strategy - CORRECT ANSWER - a set of actions that managers take to increase their
company's performance relative to industry rivals
competitive advantage - CORRECT ANSWER - a strategy is implemented to create a
_____ ___ over other companies
competitive advantage - CORRECT ANSWER - a company is said to have ___ ____ when
its profitability is greater than the average profitability for all firms in the industry.
competitive advantage - CORRECT ANSWER - is sustained when it is maintained for
several years.
general managers - CORRECT ANSWER - ___ ___ bears the responsibility for overall
performance
functional managers - CORRECT ANSWER - ___ ____ supervise a particular function(
task, activity, or operation)
Strategic managers - CORRECT ANSWER - Corporate Managers oversee strategy for
whole company
Business Managers lead the strategy for their self-contained division
Functional Managers are responsible for one organizational activity
Strategy Making Process - CORRECT ANSWER - Select the corporate mission statement
and major goals
