Study guides, Class notes & Summaries

BSG Quiz 1 - Questions and Answers – Latest 2023/2024 (Verified Answers) 100% Correct The factors that affect the reject rates at the company’s footwear production facilities include the size of the incentive payment per non-defective pair produced, best practices training expenditures per worker, spending for TQM/Six Sigma quality control efforts, and the number of models/styles comprising the company’s product line. Which of the following is the most important competitive factor in deter...

BSG QUIZ 2 QUESTIONS AND ANSWERS 2023

BSG Quiz 1, Business Strategy Game Quiz 1, Business Strategy Game Quiz 1 | 60 Questions with 100% Correct Answers | Verified | Updated 2023

BSG Ch 5 Exam Questions With 100% Verified Answers Multimarket competition - answerfirms competing against each other in many markets across several products and geographic markets (coke, pepsi & fedex, UPS) competitive dynamics - answerlook at all the firms in an industry and what are the actions and responses competitive rivalry - answerana individual firm and its competitors market commonality - answer"what markets do we have in common with our competitors?" greater less - answera f...

BSG Test 3 Chapter 9 Exam Questions With 100% Verified Answers Strategic alliance - answera cooperative strategy in which aims combine some of their resources and capabilities for the purpose of creating a competitive advantage cooperative strategy - answermeans by which firms collaborate for the purpose of working together to achieve a shared objective joint venture - answera strategic alliance in which two or more firms create a legally independent company to share some of their resourc...

BSG Chapter 1 Exam Questions And Answers (Updated And Verified) Corporate level - answerbroadest and longest timeframe; answers what or which business are we going to compete in business level - answershorter timeframe narrower in scope; how are we going to compete in this industry functional level - answerdeal with specific functional areas in an organization (marketing, engineering, accounting) operational - answerday to day strategies strategic competitiveness - answerachieved when a...

BSG Exam 1 Questions And Answers (Updated And Verified) Strategy - answerthe set of actions that managers take to outperform competitors and achieve competitive advantage strategic management - answerthe analysis, decisions and actions (ADA) an organization undertakes in order to create and sustain competitive advantage competitive advantage - answera firms ability to create value in a way that rivals cannot sustainable competitive advantage - answerelements of the strategy that gives buy...

BSG EXAM 2 Questions And Answers (Updated And Verified) According to the lecture, in order for a low-cost provider strategy to work, a firm must achieve ________on the basis of differentiation relative to the competitors. a. Parity b. Customers c. Synthesis d. Actions e. None of the above - answerA. Parity 2. When achieving a competitive advantage using low cost strategy, there are 2 major ways to achieving a cost advantage, one of which is: a. Focus less on efficiency b. Develop a c...

BSG Exam 1 Questions And Answers (Updated And Verified) Strategy - answerconsists of the competitive moves and business approaches that managers employ to attract and please customers, compete successfully, capitalize on opportunities to grow the business, respond to changing market conditions, conduct operations, and achieve the targeted financial and market performance 3 Strategic Questions firms must answer - answer1. What is the firm's present situation? 2. What direction to head and...

BSG FINAL Exam Questions And Answers (Updated And Verified) Strategy - answerconsists of the competitive moves and business approaches that managers employ to attract and please customers, compete successfully, pursue opportunities to grow the business, respond to changing market conditions, conduct operations, and achieve the targeted financial and market performance. The heart and soul of any strategy - answeris the actions and moves int he marketplace that managers are taking to gain a...

BSG FINAL EXAM Questions With 100% Verified Answers Suppliers are powerful when: - answerthey offer a credible threat of forward integration In analyzing the demographic segment of the general environment, one typically examines all of the following factors EXCEPT: - answercultural values Customers, suppliers, host communities, and unions are examples of capital market stakeholders - answerFalse Analyzing the internal environment enables a firm to determine what it CAN DO by identifying ...

BSG Final Exam Review Questions With 100% Verified Answers A company's strategy - answerRepresents managerial commitment to undertake one set of actions rather than another in an effort to compete successfully and achieve good performance outcomes Which of the following questions helps distinguish a winning strategy from a mediocre or losing strategy - answerIs the strategy helping the company achieve a sustainable competitive advantage and is it resulting in goo company performance? In...