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This document offers a comprehensive set of 100 fully solved questions and answers designed to prepare students for the CHEM 1212 (Principles of Chemistry II) final exam. Structured to mirror real exam formats and lab assessments, it serves as an in-depth revision tool for students in the 2025/2026 academic year. 
 
Covered topics include laboratory safety procedures, chemical waste disposal, dilution calculations, mole relationships, limiting reagents, theoretical and actual yields, titration a...
General Environment - Answer elements in the broader society that can indirectly influence an industry & firms w/in an industry *factors can be critical determinants of threats or opportunities a company will face in the future* 
 
industry environment - Answer constellation of factors—threat of new entrants, suppliers, buyers, product substitutes, and the intensity of rivalry among competitors—that directly influence a firm and its competitive decisions and responses. 
 
Competi...
corporate level strategy - Answer specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets 
 
-*Strategies firms use to diversify their operations* 
 
Primary form = Product diversification 
 
Diversification - Answer *primary concern to corporate level strategy* 
top level managers implement a multi business effort encompassing a variety of industry environments. Leads to theory fi...
In a hands-on setting, where they learn from an experienced worker - Answer Companies traditionally offer craft-professional training 
 
Tailor the training to the career goals and needs of trainees - Answer One way to provide effective training is to 
 
Employers can minimize workplace discrimination by hiring based on valid, job-related requirements - Answer Which of the following statements regarding discrimination issues is true? 
 
Superintendent - Answer On a constr...
Merger - Answer Two firms agree to integrate their operations on a "relatively" co-equal basis. 
 
Acquisition - Answer One firm buys a controlling, or 100%, interest in another firm 
 
Takeover - Answer Unfriendly acquisition where the target firm does not solicit the acquiring firm's bid 
 
Horizontal Acquisition - Answer Acquiring a company competing in the same industry 
 
Benefits of Horizontal Acquisitions - Answer Cost and Revenue based synergies 
 
...
consumer market - Answer Buyers who want a product for personal use. 
 
geographic segmentation - Answer Process of dividing a market according to such variables as climate, region, and population density. 
 
industrial market - Answer Buyers who want a product for use in making other products. 
 
marketing - Answer the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, par...
A competitive advantage's sustainability a function of: - Answer 1. Obsolescence 
2. Available Substitutes 
3. Imitability 
 
External Analyses' Outcome - Answer MIGHT CHOOSE TO DO 
(Opportunities/ Threats) 
 
Internal Analyses' Outcomes - Answer CAN DO 
 
Matching what a firm "can do" with what it might do yields insights on its: - Answer Vision, Mission, and Strategies 
 
global mindset - Answer Ability to take an international, multidimensional per...
What is a business strategy? (PP) - Answer Focusing on a single product/ industry finding the competitive advantage and making a profit. 
 
What are the five business level strategies? (PP) - Answer 1. Cost leadership (Walmart) 
2. Differentiation (Apple) 
3. Focused cost leadership (Ikeai) 
4. Focused differentiation (Twitter/Facebook) 
5. Integrated cost/differentiation () 
 
What is the purpose of a business level strategy? (Chapter 4) - Answer to create differences betwee...
Competitive rivalry - Answer competitors engage in ? 
 
to gain an advantageous market position - Answer why do competitors engage in competitive rivalry? 
 
through competitive behavior - Answer how do competitors engage in competitive rivalry? 
 
competitive dynamics - Answer what are the results of competitive rivalry? 
 
competitors - Answer are firms competing in the same market, offering similar products, and targeting similar customers. 
 
Competitive rivalry...
Business-level strategy - Answer is an integrated and coordinated set of commitments and actions designed to provide value to customers and gain a competitive advantage by exploiting core competencies in specific, individual product markets. 
 
business-level strategy - Answer reflects a firm's belief about where and how it has an advantage over its rivals, while guiding decisions to choose to perform activities differently or to perform different activities than competitors. 
 
1...