MAN 4720 2025/2026 Exam Questions
and Detailed Answers | Get it 100%
Correct Answers
A firm has achieved _ when it successfully formulates and implements a value
creating strategy - 🧠 ANSWER ✔✔strategic competitiveness
A competitive advantage - 🧠 ANSWER ✔✔can be identified when competitors are
unable to duplicate or find it too costly to try to imitate
Above average returns are - 🧠 ANSWER ✔✔returns in excess of what an investor
expects to earn from other investments with a similar level of risk
The strategic management process is - 🧠 ANSWER ✔✔the formulation and
implementation of a full set of commitments, decisions, and actions required for
the firm to achieve above-average returns and strategic competitiveness
According to the Hitt, the primary driver of hyper competition is - 🧠 ANSWER
✔✔the emergence of a global economy and rapid technological change
1
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,All of the following are characteristics of the global economy EXCEPT - 🧠
ANSWER ✔✔a. the increasing importance of developing countries as sources of
revenue growth
b. the free movement of goods, services, people, skills, and ideas across geographic
borders
c. THE INCREASED USE OF TARIFFS TO PROTECT INDUSTRIES
d.higher levels of opportunities and challenges in new geographic markets
Essentially _ has become one of the worlds largest markets with 700 million
potential consumers - 🧠 ANSWER ✔✔the european union
_ has become the second largest economy in the world - 🧠 ANSWER ✔✔china
the economic interdependence among countries which is reflected in the flow of
goods, services, financial capital, and knowledge across country borders is defined
as - 🧠 ANSWER ✔✔globalization
globalization can lead to - 🧠 ANSWER ✔✔higher performance standards including
quality of cost
the liability of foreignness is the - 🧠 ANSWER ✔✔overall risk of participating
outside a firms domestic country when entering global competition
2
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,even for companies capable of succeeding in global markets it is critical that they -
🧠 ANSWER ✔✔remain committed to and strategicaly competitive in their
domestic market
The rate of technological diffusion is increasing. which of the following was fastest
penetrating 25% of homes in the us market - 🧠 ANSWER ✔✔internet
new markets created by iPods pdas and wifi are a result of - 🧠 ANSWER
✔✔disruptive technologies
henry ford once said if i had asked people what they wanted they would have said
faster horses. the invention of the car is an early example of - 🧠 ANSWER
✔✔disruptive technologies
a companies ability to acquire knowledge is - 🧠 ANSWER ✔✔an important source
of competitive advantage in virtually all industries
the eco of ridgeway. inc realizes that the company survival depends on developing
and acquiring knowledge. which of the following actions by the eco would be most
consistent with this need? - 🧠 ANSWER ✔✔Planning extensive employee training
and hiring educated and experience employees
3
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, knowledge is composed of all of the following except - 🧠 ANSWER ✔✔a.
INSIGHT
b. expertise
c. information
d. intelligence
which of the following statements about organizational knowledge is correct? - 🧠
ANSWER ✔✔a. knowledge is an intangible resource
b. the importance of knowledge is increasing
c. the value of knowledge as a proportion of shareholder value is increasing
d. AOTA
In order to cope with hyper competition, firms need to develop _ through
continuous learning - 🧠 ANSWER ✔✔strategic flexibility
All of the following are assumptions of the industrial organization model except - 🧠
ANSWER ✔✔a. organizational decision makers are rational and committed to
acting in the firm's best interest
b. RESOURCES TO IMPLEMENT STRATEGIES ARE FIRM SPECIFIC AND
ATTACHED TO FIRMS OVER THE LONG TERM
4
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
and Detailed Answers | Get it 100%
Correct Answers
A firm has achieved _ when it successfully formulates and implements a value
creating strategy - 🧠 ANSWER ✔✔strategic competitiveness
A competitive advantage - 🧠 ANSWER ✔✔can be identified when competitors are
unable to duplicate or find it too costly to try to imitate
Above average returns are - 🧠 ANSWER ✔✔returns in excess of what an investor
expects to earn from other investments with a similar level of risk
The strategic management process is - 🧠 ANSWER ✔✔the formulation and
implementation of a full set of commitments, decisions, and actions required for
the firm to achieve above-average returns and strategic competitiveness
According to the Hitt, the primary driver of hyper competition is - 🧠 ANSWER
✔✔the emergence of a global economy and rapid technological change
1
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,All of the following are characteristics of the global economy EXCEPT - 🧠
ANSWER ✔✔a. the increasing importance of developing countries as sources of
revenue growth
b. the free movement of goods, services, people, skills, and ideas across geographic
borders
c. THE INCREASED USE OF TARIFFS TO PROTECT INDUSTRIES
d.higher levels of opportunities and challenges in new geographic markets
Essentially _ has become one of the worlds largest markets with 700 million
potential consumers - 🧠 ANSWER ✔✔the european union
_ has become the second largest economy in the world - 🧠 ANSWER ✔✔china
the economic interdependence among countries which is reflected in the flow of
goods, services, financial capital, and knowledge across country borders is defined
as - 🧠 ANSWER ✔✔globalization
globalization can lead to - 🧠 ANSWER ✔✔higher performance standards including
quality of cost
the liability of foreignness is the - 🧠 ANSWER ✔✔overall risk of participating
outside a firms domestic country when entering global competition
2
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,even for companies capable of succeeding in global markets it is critical that they -
🧠 ANSWER ✔✔remain committed to and strategicaly competitive in their
domestic market
The rate of technological diffusion is increasing. which of the following was fastest
penetrating 25% of homes in the us market - 🧠 ANSWER ✔✔internet
new markets created by iPods pdas and wifi are a result of - 🧠 ANSWER
✔✔disruptive technologies
henry ford once said if i had asked people what they wanted they would have said
faster horses. the invention of the car is an early example of - 🧠 ANSWER
✔✔disruptive technologies
a companies ability to acquire knowledge is - 🧠 ANSWER ✔✔an important source
of competitive advantage in virtually all industries
the eco of ridgeway. inc realizes that the company survival depends on developing
and acquiring knowledge. which of the following actions by the eco would be most
consistent with this need? - 🧠 ANSWER ✔✔Planning extensive employee training
and hiring educated and experience employees
3
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, knowledge is composed of all of the following except - 🧠 ANSWER ✔✔a.
INSIGHT
b. expertise
c. information
d. intelligence
which of the following statements about organizational knowledge is correct? - 🧠
ANSWER ✔✔a. knowledge is an intangible resource
b. the importance of knowledge is increasing
c. the value of knowledge as a proportion of shareholder value is increasing
d. AOTA
In order to cope with hyper competition, firms need to develop _ through
continuous learning - 🧠 ANSWER ✔✔strategic flexibility
All of the following are assumptions of the industrial organization model except - 🧠
ANSWER ✔✔a. organizational decision makers are rational and committed to
acting in the firm's best interest
b. RESOURCES TO IMPLEMENT STRATEGIES ARE FIRM SPECIFIC AND
ATTACHED TO FIRMS OVER THE LONG TERM
4
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
