WPC 480 Study Set Exam Questions And Answers 100% Solved

WPC 480 Study Set Exam Questions And Answers 100% Solved If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally - answerStake out a unique position within the industry John is a bit confused about the difference between stakeholders and stockholders. You meet with john and inform him that the main difference is that - answerStakeholders can be both internal and external while stockholders own shares a firm and are classified as internal to the firm The minimum wage in the country of Hanns is $8 an hour. Delish, a restaurant in hann's capital city, pays its servers 8 per hour. However, the management of the restaurant feels that his amount is excessive for workers whose only job is to clear tables. By continuing to adhere to the rules set by the government of hanns, which of the following responsibilities is delish satisfying? - answerLegal responsibilities Lil Anthonys and Amelias are two restaurants serving Italian cuisine. While lil Anthonys focuses on providing quick, affordable pasta dishes for the lunch crowd, amelias focuses on serving home-style dishes in an upscale, romantic setting. Both companies have been able to gain a competitive advantage. This is most likely because the companies have - answerPursued distinct strategic positions Which of the following terms describes the guiding policy to address the competitive challenge, and uses corporate and business level strategy - answerFormulation As the ceo of conglomerate, sarah cane exhibited her strong commitment toward the companies core value that customers well-being is more important than profit when she convinced the board of directors to liquidate the companies pesticide subsidiary. The pesticide brand sold by her company was a major revenue earner in lesser-developed nations, but studies indicate that it is a carcinogen. Eva persuaded the board that the company had to be responsible toward society. In this scenario, sarah has demonstrated - answerStrategic leadership Bob is exploring multiple suppliers in order to find the best price. However, instead of calling all eight potential suppliers, he only reaches out to the first three and bases his selection on those instead of contacting all suppliers. Bobs action best describes the concept of - answerSatisficing Doras supplies manufactures medical devices. The firms profitability depends on several variables that are subject to occasional change, including the cost of parts and labor, changes in medical practices, and the price of oil used in both manufacturing and shipping. To account for the potential impact of changes ot any of these variables, doras supplies managers should implement a(n) ___ approach - answerScenario planning Which of the following methods of developing