BSG MIDTERM EXAM | BUSINESS
STRATEGY GAME EXAM MIDTERM EXAM |
100% CORRECTLY ANSWERED AND
GRADED A+ | 2025/2026 GUIDE
A company's value chain - Correct Answer - consists of two broad
categories of activities: the primary activities foremost in the company's
scheme for creating and delivering value to customers and the requisite
support activities that facilitate and enhance the performance of the
primary activities
Which of the following statements about a company's resources,
competencies, and capabilities is false? - Correct Answer - Companies
in the top tier of their industry typically have at least two and sometimes
as many as four distinctive competencies, plus a management team that
has proven dynamic capability to periodically freshen and renew their
company's resource portfolio
The three steps of SWOT analysis are - Correct Answer - identifying the
company's resource strengths and weaknesses and its opportunities and
threats, drawing conclusions about the company's overall business
situation, and translating the conclusions into strategic action to improve
the company's strategy and business prospects
,Which of the following is not accurate as concerns the task of identifying
the strategic issues and problems that merit front-burner managerial
attention? - Correct Answer - Identifying the strategic issues and
problems that the company faces is the first thing that company
managers need to do before starting to analyze the company's external
environment, resources, and competitiveness.
In Table 4.2, which of the following is not an example of a potential
external threat to a company's future profitability? - Correct Answer - The
company's lack of well-known brand name
Which of the following is most likely to represent a company's most
potent resource strength? - Correct Answer - A distinctive competence in
performing a competitively important value chain activity
Evaluating a company's resource capabilities, relative cost position, and
competitive strength versus rivals entails examining whether - Correct
Answer - the company has attractively strong resources and competitive
capabilities and whether these are well matched to its market
opportunities and the external threats to its future well-being
In Table 4.2, which of the following is not an example of a potential
market opportunity that a company may have? - Correct Answer - The
potential to increase profits because or eroding bargaining power on the
part of buyers of the industry's product
,To build a competitive advantage by "out-managing" rivals in performing
value chain activities, a company must - Correct Answer - beat rivals in
performing value chain activities more proficiently (such that it gains a
differentiation-based competitive advantage keyed to delivering what
customers perceive a superior product offering) or else beat rivals in
performing what customers perceive as a superior product offering) or
else beat rivals in performing value chain activities more cheaply (thus
achieving a cost-based competitive advantage)
What makes the marketplace a competitive battlefield is - Correct
Answer - the constant jockeying of industry members to deploy whatever
means in their business arsenals they believe will attract and retain
buyers, strengthen their market positions, improve profitability
ideally help them win a competitive edge over their rivals.
Which of the following does not tend to weaken buyer bargaining power
- Correct Answer - buyer demand is weak in relation to the available
supply and industry members are eager to sell more units
Based on Figure 3.4, which of the following is not a typical competitive
weapon that a company can use to battle rivals and attract buyers? -
Correct Answer - winning a bigger market share
The strongest of the competitive forces in the five-forces model of
competition is usually - Correct Answer - the competitive pressures
, associated with the market maneuvering and jockeying for buyer
patronage among rival sellers in the industry
Which one of the following generally does not act to weaken the rivalry
among competing sellers? - Correct Answer - A situation where one or
two rivals have powerful strategies and other rivals are scrambling to
stay in the game
Which one of the following conditions weakens the competitive
pressures associated with the threat of entry? - Correct Answer -
Existing industry members have little interest in expanding their market
reach by entering product segments or geographic areas where they
currently do not have a presence
Which of the following is not generally a "driving force" capable of
producing fundamental changes in industry and competitive conditions?
- Correct Answer - Shifts upward or downward in interest rates, the
inflation rate, and the unemployment rate
Driving forces analysis entails - Correct Answer - identifying the driving
forces are, assessing whether the drivers of a change are, on the whole,
acting to make the industry more or less attractive, determining what
strategy changes are need to prepare for the impacts of the driving
forces.
STRATEGY GAME EXAM MIDTERM EXAM |
100% CORRECTLY ANSWERED AND
GRADED A+ | 2025/2026 GUIDE
A company's value chain - Correct Answer - consists of two broad
categories of activities: the primary activities foremost in the company's
scheme for creating and delivering value to customers and the requisite
support activities that facilitate and enhance the performance of the
primary activities
Which of the following statements about a company's resources,
competencies, and capabilities is false? - Correct Answer - Companies
in the top tier of their industry typically have at least two and sometimes
as many as four distinctive competencies, plus a management team that
has proven dynamic capability to periodically freshen and renew their
company's resource portfolio
The three steps of SWOT analysis are - Correct Answer - identifying the
company's resource strengths and weaknesses and its opportunities and
threats, drawing conclusions about the company's overall business
situation, and translating the conclusions into strategic action to improve
the company's strategy and business prospects
,Which of the following is not accurate as concerns the task of identifying
the strategic issues and problems that merit front-burner managerial
attention? - Correct Answer - Identifying the strategic issues and
problems that the company faces is the first thing that company
managers need to do before starting to analyze the company's external
environment, resources, and competitiveness.
In Table 4.2, which of the following is not an example of a potential
external threat to a company's future profitability? - Correct Answer - The
company's lack of well-known brand name
Which of the following is most likely to represent a company's most
potent resource strength? - Correct Answer - A distinctive competence in
performing a competitively important value chain activity
Evaluating a company's resource capabilities, relative cost position, and
competitive strength versus rivals entails examining whether - Correct
Answer - the company has attractively strong resources and competitive
capabilities and whether these are well matched to its market
opportunities and the external threats to its future well-being
In Table 4.2, which of the following is not an example of a potential
market opportunity that a company may have? - Correct Answer - The
potential to increase profits because or eroding bargaining power on the
part of buyers of the industry's product
,To build a competitive advantage by "out-managing" rivals in performing
value chain activities, a company must - Correct Answer - beat rivals in
performing value chain activities more proficiently (such that it gains a
differentiation-based competitive advantage keyed to delivering what
customers perceive a superior product offering) or else beat rivals in
performing what customers perceive as a superior product offering) or
else beat rivals in performing value chain activities more cheaply (thus
achieving a cost-based competitive advantage)
What makes the marketplace a competitive battlefield is - Correct
Answer - the constant jockeying of industry members to deploy whatever
means in their business arsenals they believe will attract and retain
buyers, strengthen their market positions, improve profitability
ideally help them win a competitive edge over their rivals.
Which of the following does not tend to weaken buyer bargaining power
- Correct Answer - buyer demand is weak in relation to the available
supply and industry members are eager to sell more units
Based on Figure 3.4, which of the following is not a typical competitive
weapon that a company can use to battle rivals and attract buyers? -
Correct Answer - winning a bigger market share
The strongest of the competitive forces in the five-forces model of
competition is usually - Correct Answer - the competitive pressures
, associated with the market maneuvering and jockeying for buyer
patronage among rival sellers in the industry
Which one of the following generally does not act to weaken the rivalry
among competing sellers? - Correct Answer - A situation where one or
two rivals have powerful strategies and other rivals are scrambling to
stay in the game
Which one of the following conditions weakens the competitive
pressures associated with the threat of entry? - Correct Answer -
Existing industry members have little interest in expanding their market
reach by entering product segments or geographic areas where they
currently do not have a presence
Which of the following is not generally a "driving force" capable of
producing fundamental changes in industry and competitive conditions?
- Correct Answer - Shifts upward or downward in interest rates, the
inflation rate, and the unemployment rate
Driving forces analysis entails - Correct Answer - identifying the driving
forces are, assessing whether the drivers of a change are, on the whole,
acting to make the industry more or less attractive, determining what
strategy changes are need to prepare for the impacts of the driving
forces.
