CPIM PART 2 PRACTICE TEST 2
CERTIFICATION STUDY GUIDE 2026
FULL QUESTIONS AND VERIFIED
ANSWERS
◉ Corporate strategy is best developed by: Answer: the CEO and other
senior executives.
◉ What is the primary purpose of a core values statement? Answer:
Provides ethical and business guidepost to organization members
◉ In the five forces model of competition, if switching suppliers is
relatively simple, then supplier rivalry is said to: Answer: increase
◉ The distribution center servicing a corner store chain initiated
isolating food groups by storage temperature. This action represents
competing on: Answer: superior-quality products.
◉ Which of the following describes core competencies? Answer:
Directly related to the company's products or markets
◉ One of an organization's core values is that "we share bad news
early." Which is necessary to see this value in practice? Answer: Leaders
and managers model the behavior.
, ◉ What does an effective strategy require? Answer: Flexibility to adapt
to changing conditions
◉ An organization is attempting to break into a market that already has
several competitors who have significant market share. Which action
would increase the level of competition and pressure on these
established competitors? Answer: Introduce a daring but risky strategic
innovation.
◉ Which of the following is true of a company's core competency?
Answer: It could be the company's product innovation capabilities.
◉ Once the company's value chain has been documented and internal
consensus has been gained, the next step in using value chain analysis
is: Answer: completing a value chain analysis for the company's most
significant competitors.
◉ Product life cycle analysis concentrates on: Answer: the sales history
of a product in stages.
◉ When a company's competence in performing a certain task reaches
the level of a competitively superior strength, this is a: Answer: core
competency.
◉ Why should caution be exercised in using value chain analysis alone
in efforts to meet or beat top competitors' costs? Answer: Cost and
CERTIFICATION STUDY GUIDE 2026
FULL QUESTIONS AND VERIFIED
ANSWERS
◉ Corporate strategy is best developed by: Answer: the CEO and other
senior executives.
◉ What is the primary purpose of a core values statement? Answer:
Provides ethical and business guidepost to organization members
◉ In the five forces model of competition, if switching suppliers is
relatively simple, then supplier rivalry is said to: Answer: increase
◉ The distribution center servicing a corner store chain initiated
isolating food groups by storage temperature. This action represents
competing on: Answer: superior-quality products.
◉ Which of the following describes core competencies? Answer:
Directly related to the company's products or markets
◉ One of an organization's core values is that "we share bad news
early." Which is necessary to see this value in practice? Answer: Leaders
and managers model the behavior.
, ◉ What does an effective strategy require? Answer: Flexibility to adapt
to changing conditions
◉ An organization is attempting to break into a market that already has
several competitors who have significant market share. Which action
would increase the level of competition and pressure on these
established competitors? Answer: Introduce a daring but risky strategic
innovation.
◉ Which of the following is true of a company's core competency?
Answer: It could be the company's product innovation capabilities.
◉ Once the company's value chain has been documented and internal
consensus has been gained, the next step in using value chain analysis
is: Answer: completing a value chain analysis for the company's most
significant competitors.
◉ Product life cycle analysis concentrates on: Answer: the sales history
of a product in stages.
◉ When a company's competence in performing a certain task reaches
the level of a competitively superior strength, this is a: Answer: core
competency.
◉ Why should caution be exercised in using value chain analysis alone
in efforts to meet or beat top competitors' costs? Answer: Cost and
