- Study guides, Class notes & Summaries

Five Forces Framework correct answers Threat of new entrants Intensity of rivalry Bargaining power of suppliers Bargaining power of buyers Threat of substitutes Attractiveness? Threat of new entrants correct answers • Economies of scale are (significant / insignificant). = High / Low • Brand identity is (significant / insignificant). = High / Low • Capital requirements are (high / low). = High / Low • Learning curve effect is (high / low). = High / Low Intensity ...

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5 pages

Written in 2024/2025

Grade A+

SirAnton

MGMT 449 Test Prep | Questions with 100% Correct Answers Why are strategies important in an organization? They have a major impact on performance relative to competitors. How do managers identify and determine the process they want to use to create competitive advantage? strategy-making Who is responsible for managing the strategy-making process and its implementation? Leadership Why is competitive advantage an important part of creating profitability in a firm? It allows the firm to outperfo...

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11 pages

Written in 2024/2025

Grade A

NurseHenny

UWEC MGMT 449 EXAM 2 QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE 2026 Cost Driver - Answers a factor that has a strong influence on a company's costs Value Driver - Answers factor that can have a strong effect. particularly when creating differentiation. Low-Cost Provider - Answers Striving to achieve lower overall costs than rivals on products that attract a broad spectrum of buyers When does a Low-Cost Provider work best? - Answers 1) Price competition among rival sellers is vig...

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8 pages

Written in 2026/2027

Grade A+

TutorJosh

Mgmt 449 Bundled Questions Well Answered Latest Update 2026/2027

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14 items

TutorJosh

MGMT 449 CHAPTER 11 EXAM QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE 2026 What are the five major actions that promote good strategy execution? - Answers Allocating resources, establishing policies and procedures, improving business processes, installing information systems, and using rewards and incentives. What is strategic resource allocation? - Answers Distributing company resources according to strategic priorities. What four types of resources must managers allocate? - Answers Mo...

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4 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 CH. 7 EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 Consumers will bear switching costs if: - Answers the benefits of adopting the new technology outweigh the costs of switching. It is important for a company to make sure that, in addition to the product itself, there is an adequate supply of complements to win a format war - Answers true Mathematica 1.0 was one of the most distinctive applications for the short-lived NeXT Computer. It still sets the standard for symb...

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2 pages

Written in 2026/2027

Grade A+

TutorJosh

CHAPTER 11 - MGMT 449 EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 1. A company's ability to marshal adequate resources in support of new strategic initiatives and steer them to the appropriate organizational units is important to the strategy execution process because A. changes in strategy often require resource reallocation, and organizational units need the proper funding to carry out their part of the strategic plan effectively and efficiently. B. accurate budgets are t...

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33 pages

Written in 2026/2027

Grade A+

TutorJosh

UWEC MGMT 449 EXAM 2 QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 A firms competitive strategy deals exclusively with the specifics of its efforts to ... - Answers - position itself in the market-place - please customers - ward off competitive threats - achieve a particular kind of competitive advantage Key factors that distinguish one strategy from another: - Answers Broad vs Narrow Low Cost or Product Differentiation Key Concepts of LCP - Answers - use low cost inputs/hold...

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10 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 MIDTERM EXAM QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE 2026 According to Schilit, forensic accounting is a search for hidden weaknesses in a company's performance. - Answers T According to Schilit, unusually high good will gains related to recent acquisitions is a red flag, suggesting an underlying problem. - Answers T According to Schilit, Enron did not have any red flags. - Answers F According to Schilit, a change of more than 2% in gross margins from year to year is w...

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19 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 CHAPTER 1 EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 The text addresses two perspectives of leadership as well as their implications. These two perspectives are: A. romantic and unromantic B. romantic and internal control C. external control and unromantic D. romantic and external control - Answers D. romantic and external control A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly redesigning the organiz...

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14 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 STUDY SET 1 QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 1) According to Porter's model, cost of transportation is one of the five forces that influence industry competition. - Answers Answer: FALSE 2) The threat of new entrants in an industry is very high when startups can open a business with little capital and few employees. - Answers Answer: TRUE 3) Network effects refer to the ability of a product to fit into a new system. - Answers Answer: FALSE 4) The presence...

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22 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 EXAM #3 QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE 2026 LO: What drives unethical business strategies and behavior. - Answers There are three schools of thought about ethical standards for companies with international operations: - According the the school of ethical universalism, common understandings across multiple cultures and countries about what constitutes right and wrong behaviors give rise to universal ethical standards that apply to members of all societies, all compan...

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6 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 CH 3 EXAM QUESTIONS WELL ANSWERED LATEST UPDATE 2026 Why did Quibi fail - Answers -Designed for on the go veiwing but it was started during COVID which reduced demand for short term content The importance of internal environment - Answers -Which activities must a firm effectively manage and integrate in order to attain competitive advantages in the marketplace? -Which resources and capabilities must a firm create and nurture in order to sustain a competitive advantage? Value C...

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3 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 - CHAPTERS 1-7 EXAM 1 QUESTIONS WELL ANSWERED LATEST UPDATE 2026 Which of the following is a source of competitive advantage for a company and is the basis for the product differentiation that tends to dominate the industry? - Answers Technical standard The outcome of format wars to control the source and customer value of differentiation can ultimately affect the profitability and survival of a company. - Answers true With reference to technical standards, a dominant de...

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13 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 CHAPTER 8 EXAM QUESTIONS WELL ANSWERED LATEST UPDATE 2026 1. In terms of strategy making, what is the difference between a one-business company and a diversified company? A. The first uses a business-level strategy, while the second uses a set of business strategies and a corporate strategy. B. The first uses a business-level strategy, while the second uses a corporate-wide strategy. C. The first uses an operating strategy, while the second uses a business-line strategy...

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44 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 EXAM QUESTIONS WELL ANSWERED LATEST UPDATE 2026 What does globalization involve? - Answers The rise of market capitalization, increased international exchanges, trade in goods and services, and the exchange of money, information, and ideas. What are the challenges of globalization? - Answers Balancing the needs of customers in emerging markets and developed markets with different income levels. What is Michael Porter's diamond of national advantage? - Answers A framework expl...

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10 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 - CH. 12 EXAM QUESTIONS WELL ANSWERED LATEST UPDATE 2026 ________ refers to efforts to create designs and applications of technology to develop new products, while ________ refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations. A) Radical innovation; incremental innovation B) Breakthrough innovation; instrumental innovation C) Product innovation; process innovation D) Product innovation; service innovation - Answers C) Product...

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15 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 - UNITS 5 & 6 STRATEGY HANDOUTS QUESTIONS WELL ANSWERED LATEST UPDATE 2026 Three ways to maximize strategic power - Answers Offensive/defensive actions, timing moves, and defining scope of operations. Golden rule of offensive strategy - Answers Attack rival weaknesses using strategic assets, avoiding their strengths. Best targets for offensive attacks - Answers Vulnerable leaders, struggling firms, weak runner-ups, and small local rivals. Blue-ocean strategy - Answers Creating...

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6 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 CHAPTER 7 EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 What are the five main reasons companies expand internationally? - Answers To increase sales, lower costs, access cheaper resources, exploit competencies, and gain capabilities. How does international expansion increase sales? - Answers It allows companies to reach new customers and markets. How can international expansion lower production costs? - Answers Through economies of scale, experience, and greater purc...

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4 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 CHAPTERS 1 - 5 EXAM QUESTIONS WELL ANSWERED LATEST UPDATE 2026 What is the romantic view of leadership? - Answers Situations in which the leader is the key force determining the organization's success—or lack thereof. What is the external control view of leadership? - Answers Situations in which external forces—where the leader has limited influence—determine the organization's success. What is strategic management? - Answers The analyses, decisions, and actions an o...

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27 pages

Written in 2026/2027

Grade A+

TutorJosh

MGMT 449 FINAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 How to analyze Five forces framework - Answers - We analyze an industry from a company's perspective: e.g. "From an Intel's perspective, in the semiconductor chip industry..." • Intensity of rivalry is HIGH or LOW. • Threat of new entrants is HIGH or LOW. • Bargaining power of suppliers is HIGH or LOW. • Bargaining power of buyers is HIGH or LOW. • Threat of substitutes is HIGH or LOW. ...

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20 pages

Written in 2026/2027

Grade A+

joshuawesonga22

MGMT 449 CHAPTER 9 EXAM QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE 2026 What is business ethics? - Answers Applying principles of right and wrong to business decisions, actions, and strategies. Are business ethical standards different from general ethical standards? - Answers No. Businesses are expected to follow the same basic moral principles as individuals. Who are a company's stakeholders? - Answers Individuals or groups affected by its decisions, including employees, customers...

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4 pages

Written in 2026/2027

Grade A+

joshuawesonga22