BUSI 690 EXAMINATION TEST FINAL PAPER
FULL SOLUTION 2026 GRADED A+.
⫸ If a firm has 25% return on invested capital (ROIC) what do you
need to know to determine if it has a competitive advantage? Answer:
It must be compared to the ROIC of the competitors and/or industry.
⫸ In considering retailers JC Penney and Neiman Marcus, these
firms have different business strategies. They both accomplish this by
providing value to their customers while controlling costs. This is
known as: Answer: Differential strategic positioning.
⫸ The never-ending cycle of analysis, formulation, implementation
and feedback is called what? Answer: The strategic management
process.
⫸ The term "strategy" has grown in usage in a variety of fields
today. Which of the following is the best use of the term for this
course? Answer: The firm's efforts to gain and sustain competitive
advantage.
⫸ Gillette invented a "razor-blade" model of business whereby the
razor is provided at a low cost and the replacement razor blades are
sold relatively expensively. Which of the following is another
example of this business model? Answer: HP laser printers
, ⫸ The idea of firm's creating significant business opportunities for
some 4 billion people on the planet who live in poverty is called:
Answer: Bottom of the pyramid
⫸ Given current trends, several industries promise significant
potential for value creation and thus career opportunities, which of the
following is not one of them described by the text? Answer:
Petroleum
⫸ Threadless is an online apparel store. Its business model is quite
different from most other apparel stores. Threadless leverages Web
2.0 capabilities by using crowdsourcing. How this does benefit
Threadless in their T-shirt design process? Answer: It both lowers the
cost and ensures popularity of the selected designs.
⫸ Individuals or groups that can affect or are affected by the actions
of a firm are called: Answer: Stakeholders
⫸ Visionary companies differ from their competition in that:
Answer: Employees in visionary organizations find meaning in their
work and are motivated.
⫸ Strategic intent is considered to be forward-looking and future-
oriented. It is most useful in situations where _______________.
Answer: Small firms are wanting to compete against bigger, more
established firms
FULL SOLUTION 2026 GRADED A+.
⫸ If a firm has 25% return on invested capital (ROIC) what do you
need to know to determine if it has a competitive advantage? Answer:
It must be compared to the ROIC of the competitors and/or industry.
⫸ In considering retailers JC Penney and Neiman Marcus, these
firms have different business strategies. They both accomplish this by
providing value to their customers while controlling costs. This is
known as: Answer: Differential strategic positioning.
⫸ The never-ending cycle of analysis, formulation, implementation
and feedback is called what? Answer: The strategic management
process.
⫸ The term "strategy" has grown in usage in a variety of fields
today. Which of the following is the best use of the term for this
course? Answer: The firm's efforts to gain and sustain competitive
advantage.
⫸ Gillette invented a "razor-blade" model of business whereby the
razor is provided at a low cost and the replacement razor blades are
sold relatively expensively. Which of the following is another
example of this business model? Answer: HP laser printers
, ⫸ The idea of firm's creating significant business opportunities for
some 4 billion people on the planet who live in poverty is called:
Answer: Bottom of the pyramid
⫸ Given current trends, several industries promise significant
potential for value creation and thus career opportunities, which of the
following is not one of them described by the text? Answer:
Petroleum
⫸ Threadless is an online apparel store. Its business model is quite
different from most other apparel stores. Threadless leverages Web
2.0 capabilities by using crowdsourcing. How this does benefit
Threadless in their T-shirt design process? Answer: It both lowers the
cost and ensures popularity of the selected designs.
⫸ Individuals or groups that can affect or are affected by the actions
of a firm are called: Answer: Stakeholders
⫸ Visionary companies differ from their competition in that:
Answer: Employees in visionary organizations find meaning in their
work and are motivated.
⫸ Strategic intent is considered to be forward-looking and future-
oriented. It is most useful in situations where _______________.
Answer: Small firms are wanting to compete against bigger, more
established firms
