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WPC 480 TESTS COMPILATION BUNDLE

WPC 480 TESTS COMPILATION BUNDLE

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WPC 480 Final Exam| 260 Questions| With Complete Solutions

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What is strategy? correct answer: An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? correct answer: Internal and External. What are the 3 business strategies? correct answer: 1) Cost, 2) Differentiation, 3) I...

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WPC 480 Exam 1| 132 Questions| With Complete Solutions

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Strategic Management correct answer: - integrative management - combines: Analysis, Formulation, and Implementation - designed to look for a companies competitive advantage - helps you think like a GM What is Strategy? correct answer: - to Gain and Sustain Competitive Advantage - its a s...

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WPC 480 Exam 1 (CH. 1, 3-7.5) Questions With Complete Solutions

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AFI strategy framework correct answer: A model that links three interdependent strategic management tasks—analyze, formulate, and implement—that, together, help managers plan and implement a strategy that can improve performance and result in competitive advantage. PESTEL model correct answe...

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WPC 480 Final Exam| 189 Questions| With Complete Solutions

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Corporate Strategy correct answer: The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously What does corporate strategy address? correct answer: Where to compete on 3 dimensions: Industry value chain: vertical integration Prod...

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WPC 480 Final Exam| 150 Questions| With Complete Solutions

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Corporate Strategy correct answer: The decisions and actions taken to gain and sustain competitive advantage in several industries and markets simultaneously Corporate Strategy addresses where to compete along what 3 dimensions? correct answer: Industry Value Chain through vertical integration ...

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WPC 480 - Final Practice Exam- Questions- With Complete Solutions

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At the time when Ellen decided to purchase a tablet computer, the product had just become accessible to the mass market. She did not purchase the tablet until after she was convinced that the benefits it would offer her would far exceed its price. Also, she waited for her friends to try the product ...

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WPC 480 Capstone Final Questions With Complete Solutions

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Cooperative Strategy correct answer: means by which firms collaborate to achieve a shared objective strategic alliance correct answer: a cooperative strategy in which firms combine some of their resources to create CA joint venture correct answer: a strategic alliance in which two or more f...

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WPC 480 ASU final Questions With Complete Solutions

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The two business models we reviewed—Industrial Organization and Resource-Based—focus, respectively, on _____ and _____ analysis: correct answer: external; internal What is the primary objective of a company strategy? correct answer: Achieving sustainable competitive advantage. Below are ...

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WPC 480 Final Exam Questions With Complete Solutions

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If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally correct answer: stake out a unique position within the industry. Which of the following stages of the strategic management process involves an evaluation of a firm's external and internal envi...

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WPC 480: M1-M13 Questions With Complete Solutions

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The purpose of strategy in business is to do what? correct answer: To create and provide the business with sustainable competitive advantage The difference between strategic decisions and tactical decisions is one of degree. The characteristics that differentiate between a strategic decision and...

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WPC 480 Midterm Questions With Complete Solutions

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Managers must adopt a new mind-set that values ___________ and the challenges that evolve from constantly changing conditions. correct answer: a. Flexibility b. Speed c. Innovation D. ALL OF THESE OPTIONS ARE CORRECT a. the industry's structural characteristics have little impact on a firm'...

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WPC 480 - Midterm - Gomez Spring – Questions- With Complete Solutions

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Strategic Competitiveness correct answer: firms achieve by formulating and implementing a set of programmatic actions that allows it to outperform competitors in long run Strategy correct answer: an integrated and coordinated set of commitments and actions designed to exploit core competencies ...

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WPC 480 Chae Final| 105 Questions| With Complete Solutions

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What is Corporate strategy? correct answer: Actions to sustain/gain comp. adv. in several industries and markets Where does corporate strategy compete? correct answer: 1)Industry value chain: vertical integration 2)Product and services: diversification 3)Geography (regional, national, global ...

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WPC 480 Final – Gomez – Questions – With Complete Solutions

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merger correct answer: a strategy through which two firms agree to integrate their operations on a relatively coequal basis •AT&T and Time Warner -WarnerMedia (2018) •Chrysler and Fiat - FCA (2014) •Chrysler and Daimler - DaimlerChrysler (1998) •JP Morgan Chase (2000) •Exxon and Mo...

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WPC 480 Final - Strategic Management- Questions- With Complete Solutions

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Sustainable competitive advantage correct answer: Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy How is sustainable competitive advantage created? correct answer: created through a value-creating strategy, based on core competencies critical strategic s...

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WPC 480 - Final Exam Questions With Complete Solutions

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sustainable competitive advantage correct answer: Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy Is created through a value-creating strategy, based on core competencies. What are some strategic challenges businesses face? correct answer: - Tech (*THIS ...

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WPC 480 (FINAL) Questions With Complete Solutions

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Ackbar, Inc. has had high growth in profits for several years, and each year it has had the highest profits ever. What can you assess about Ackbar's strategic competitive advantage? correct answer: Can assess nothing about competitive advantage. Firms that outperform all their competitors must ...

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WPC 480 Final Exam Questions With Complete Solutions

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Soil and Sod Gardening Supplies has a vision of helping every American learn how to grow their own food. Its management team recently unveiled the mission statement "A garden at every home." What is wrong with this mission statement? correct answer: It does not indicate how the company will accom...

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