Str 581 Samenvattingen, Aantekeningen en Examens

STR 581: Ch 7: Strategies Competing in International Marketing Exam Questions And Answers (Verified And Updated) What are reasons that companies expand into foreign markets? - answer1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - answertake advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the ...

What are reasons that companies expand into foreign markets? - ️️1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - ️️take advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the country's - ️️1. advantages for specific value chain activities 2. strong economic conditions 3. favorable ...

A blue ocean strategy is a strategy that seeks to gain a competitive advantage by ____ - ️️inventing a new segment of the market that makes existing competitors no longer relevant A blue-ocean strategy is a strategy that seeks to gain a competitive advantage by _____ - ️️inventing a new segment of the market that makes existing competitors no longer relevant A business guerrilla offensive is best suited for ___ - ️️small companies that lack the capacity to launch a full strateg...

business ethics - ️️deals with the application of general ethical principles to the actions and decisions of businesses and the conduct of their personnel ethical universalism - ️️the most fundamental concepts of right and wrong are universal and transcend culture, society, and religion. ethical relativism - ️️holds that a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel is total inappropriate. - ...

Which of the following are types of competitive strategies? - ️️1. broad low-cost 2. broad differentiation 3. focused low-cost 4. focused differentiation 5. best-cost Which of the following is a typical course of action for companies that pursue low-cost leadership? - ️️offering lower prices than their rivals Attempts to use low-cost advantage to attack rival companies with lower product prices can result in which of the following - ️️1. retaliatory price cuts 2. a price ...

Which of the following statements accurately describe the process of executing a business strategy? - ️️1. executing a business strategy is an action-driven activity 2. Executing a business strategy requires managers who work effectively with colleagues What three key actions are required to build an organization capable of good strategy execution? - ️️1. developing strong management and finding the right employees for the organization 2. implementing sound structure within the orga...

The steps involves in creating a diversified company's corporate strategy include ______1. picking new industries to enter and the means for entering them 2. establishing investment priorities 3. leveraging cross-business value chain relationships into competitive advantage Diversifying into new industries ____should be explored when a single business company encounters dwindling opportunities in its principal business Diversification is not really viewed as a success unless it ____.yi...

business ethics -deals with the application of general ethical principles to the actions and decisions of businesses and the conduct of their personnel ethical universalism -the most fundamental concepts of right and wrong are universal and transcend culture, society, and religion. ethical relativism -holds that a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel is total inappropriate. - whether certain a...

STR 581 CAPSTONE FINAL EXAM Week 6 STR581 Capstone Final Exam - STUDY GUIDE (wink ; ) 1. A company that attempts to lead its industry in price and convenience by pursuing a focus on lean and efficient operations is pursuing what strategy? • Operational excellence • Low-cost leadership • Customer intimacy • Product leadership 2. One of the ways to change the course of a brand is to modify the product. Under product modification, ________ adds size, weight, materials, supplemen...

Which of the following best describes corporate culture? - A set of attitudes, priorities, essential beliefs, and customs shared among those within a company that shape workplace behaviors True or false: Company culture has minimal impact on strategy execution and is unrelated to business performance. - false The corporate culture at Walmart is centered on which of the following? - 1. a strong work ethic among employees 2. frugal operating practices Which of the following statements ...