MANA 4322 Exam 2 (New) 2025/2026
Exam Questions and Correct Answers |
New Update
------------------- influences a firm's strategic priorities and intensifies the
rivalry among an industry's close competitors. - 🧠 ANSWER
✔✔Entrepreneurial activity
Whereas _______ are often associated with the low-cost leader strategy,
________ are frequently an important aspect of the differentiation strategy.
- 🧠 ANSWER ✔✔process innovations; product innovations
Generally speaking, discussions of the relationship between strategy and
structure strongly imply that - 🧠 ANSWER ✔✔structure follows strategy
In Michael Porter's framework all of the following factors affect a nation's
competitiveness except - 🧠 ANSWER ✔✔D) policies that protect the
nation's domestic competitors.
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,____________ the creation of new value by an existing organization or
new venture that involves the assumption of risk. - 🧠 ANSWER
✔✔Entrepreneurship
In Michael Porter's framework all of the following factors affect a nation's
competitiveness - 🧠 ANSWER ✔✔A) factor conditions.
B) demand characteristics.
C) related and supported industries.
D) firm strategy, structure and rivalry
Behavior controls are aspects of strategic change that involve finding the
appropriate ________________________ and __________________
among the culture, rewards, and boundaries of the firm.
a. balance, alignment
b. measure, balance
c. alignment, balance
d. measure, outcome - 🧠 ANSWER ✔✔a. Balance, alignment
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,Even though entrepreneurial activity is usually associated with startup
companies, - 🧠 ANSWER ✔✔new value can be created in many different
contexts.
The starting point for any new venture is the presence of - 🧠 ANSWER
✔✔an entrepreneurial opportunity.
Types of innovation include??? - 🧠 ANSWER ✔✔Product innovation
Process innovation
Radical innovation
Incremental innovation
A strategy of related diversification requires most firms to organize around
geographical areas or product lines. This type of organizational growth
leads to a(n) - 🧠 ANSWER ✔✔divisional structure.
Rivalry is intense in nations with conditions of ________ consumer
demand, ___________supplier bases, and ____________ new entrant
potential from related industries. - 🧠 ANSWER ✔✔strong , strong, high
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619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 3
, Opportunities can come from many sources, however all entrepreneurial
firms must make the most of changes brought about by - 🧠 ANSWER
✔✔new technology,
socio-cultural trends, and
shifts in consumer demand.
Three ingredients are critical in order for an entrepreneurial startup to be
successful. What are they? - 🧠 ANSWER ✔✔1. an entrepreneurial
opportunity
2. the resources to pursue the opportunity
3. an entrepreneurial team willing and able to undertake the opportunity
Pressures to "reduce costs" require that - 🧠 ANSWER ✔✔B) a company
must pursue what is economically beneficial to the company including
maximizing economies of scale and learning curve effects.
Process innovation - 🧠 ANSWER ✔✔Improves the efficiency of an
organizational process
Improves materials utilization, shortens cycle time, increases quality
Common during later stages of an industry's lifecycle
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 4
Exam Questions and Correct Answers |
New Update
------------------- influences a firm's strategic priorities and intensifies the
rivalry among an industry's close competitors. - 🧠 ANSWER
✔✔Entrepreneurial activity
Whereas _______ are often associated with the low-cost leader strategy,
________ are frequently an important aspect of the differentiation strategy.
- 🧠 ANSWER ✔✔process innovations; product innovations
Generally speaking, discussions of the relationship between strategy and
structure strongly imply that - 🧠 ANSWER ✔✔structure follows strategy
In Michael Porter's framework all of the following factors affect a nation's
competitiveness except - 🧠 ANSWER ✔✔D) policies that protect the
nation's domestic competitors.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 1
,____________ the creation of new value by an existing organization or
new venture that involves the assumption of risk. - 🧠 ANSWER
✔✔Entrepreneurship
In Michael Porter's framework all of the following factors affect a nation's
competitiveness - 🧠 ANSWER ✔✔A) factor conditions.
B) demand characteristics.
C) related and supported industries.
D) firm strategy, structure and rivalry
Behavior controls are aspects of strategic change that involve finding the
appropriate ________________________ and __________________
among the culture, rewards, and boundaries of the firm.
a. balance, alignment
b. measure, balance
c. alignment, balance
d. measure, outcome - 🧠 ANSWER ✔✔a. Balance, alignment
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 2
,Even though entrepreneurial activity is usually associated with startup
companies, - 🧠 ANSWER ✔✔new value can be created in many different
contexts.
The starting point for any new venture is the presence of - 🧠 ANSWER
✔✔an entrepreneurial opportunity.
Types of innovation include??? - 🧠 ANSWER ✔✔Product innovation
Process innovation
Radical innovation
Incremental innovation
A strategy of related diversification requires most firms to organize around
geographical areas or product lines. This type of organizational growth
leads to a(n) - 🧠 ANSWER ✔✔divisional structure.
Rivalry is intense in nations with conditions of ________ consumer
demand, ___________supplier bases, and ____________ new entrant
potential from related industries. - 🧠 ANSWER ✔✔strong , strong, high
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 3
, Opportunities can come from many sources, however all entrepreneurial
firms must make the most of changes brought about by - 🧠 ANSWER
✔✔new technology,
socio-cultural trends, and
shifts in consumer demand.
Three ingredients are critical in order for an entrepreneurial startup to be
successful. What are they? - 🧠 ANSWER ✔✔1. an entrepreneurial
opportunity
2. the resources to pursue the opportunity
3. an entrepreneurial team willing and able to undertake the opportunity
Pressures to "reduce costs" require that - 🧠 ANSWER ✔✔B) a company
must pursue what is economically beneficial to the company including
maximizing economies of scale and learning curve effects.
Process innovation - 🧠 ANSWER ✔✔Improves the efficiency of an
organizational process
Improves materials utilization, shortens cycle time, increases quality
Common during later stages of an industry's lifecycle
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 4
