BUS 475 Exam (A GRADED)

SWOT analysis correct answers a planning tool used to identify a firm's competencies, limitations that the company needs to improve on, areas of growth, as well as the areas that the company should completely avoid. internal analysis correct answers the examination of a company's resources and ...

Strategy correct answers Comprises an integrated set of choices but not all choices that executives make fall under the strategy. 1. Connections between functions of the business. 2. Define the boundaries. 3. Have to approach with intentionality. 5 Elements of Strategy correct answers 1. Area...

Porter's 5 Forces correct answers Threat of substitution Threat of New Entry Supplier Power Buyer Power Competitive Rivalry Threat of Substitution correct answers likelihood of your customers finding a different way of doing what they're doing When are threats high for substitutions corr...

What is PEST? For what is PEST used?* correct answers Macro-Environmental Analysis 1. Political/Legal 2. Economic 3. Social/Cultural 4. Technologoical 5. Environmental Name the five forces. What is the purpose of the five forces model?** correct answers Determine the attractiveness of an ...

Strategy correct answers A set of related actions (individually called TACTICS) that managers take to in crease their company's performance. Superior Performance correct answers Maximizing shareholder value is the ultimate goal of profit making companies. Competitive Advantage correct answer...

1. Which person created the Acquired Needs Theory? correct answers McClelland 2. What is the biggest reason for high turnover rates within an organization? correct answers Poor management (Blank) is based on the Japanese approach to management and motivation, which includes providing rewards,...

Strategy correct answers the coordinated set of actions that its managers take in order to outperform the company's competitors and achieve superior profitability Objective correct answers the sort of lasting success that can support growth and secure the company's future over the long term ...

business unit strategy correct answers the search for competitive advantage within a single industry, market, or line of business corporate strategy correct answers the search for value and competitive advantages through participation in several different industries and markets vertical integr...