SEVI Bundled Exam Questions and CORRECT Answers

What is strategy?A set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors What is effective strategy?Enables a firm to exploit core competencies in a way that differentiates itself from competitors - enabling the firm to outperform its rivals,...

Final Exam SEVI 2053 UPDATED Exam Questions and CORRECT Answers Utility - Correct Answer- The ability of a good or service to satisfy a human need From utility - Correct Answer- Utility created by converting production inputs into finished products place utility - Correct Answer- Utility crea...

SEVI 2053 Final Exam Review UPDATED Exam Questions and CORRECT Answers Diego's is a Mexican restaurant that has a booth at the local farmer's market each Saturday selling Mexican food to customers. The owner runs the booth because he enjoys interacting with customers. When a customer asks f...

SEVI 3013 Exam 2- Uark UPDATED Exam Questions and CORRECT Answers Strategic Action - Correct Answer- a market-based move that involves a significant commitment of organizational resources and is difficult to implement and reverse Tactical action - Correct Answer- a market-based move that is ta...

SEVI EXAM 1 UPDATED Exam Questions and CORRECT Answers Cultural diversity - Correct Answer- Google is an American multinational technology company that incorporates a workplace system that recognizes and respects the differences among people because of their age, race, ethnicity, gender, sexu...

SEVI 2053 UPDATED Exam Questions and CORRECT Answers Which of the following is not one of the fundamental assumptions of Adam Smith's capitalism? a. Individuals must own private property and the resources used to create wealth. b. The role of government should be limited to providing defense...

SEVI 2053 FINAL UPDATED Exam Questions and CORRECT Answers Marketing - Correct Answer- the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large Utility - Correct A...

SEVI3013 Final UPDATED Exam Questions and CORRECT Answers Strategy - Correct Answer- the set of decisions and actions of firm managers to ensure the future success of the firm; integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competiti...

SEVI 3013 FINAL EXAM UARK UPDATED Exam Questions and CORRECT Answers General Environment - Correct Answer- Composed of dimensions in the broader society that influence an industry and the firms within it Dimensions of the General Environment - Correct Answer- 1. Demographic 2. Economic 3. P...

SEVI 3013 Exam 1 UPDATED Exam Questions and CORRECT Answers Strategy - Correct Answer- the set of decisions and actions of firm managers to ensure the future success of the firm; integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competi...

SEVI 3013 Exam 1 Rodeffer UPDATED Exam Questions and CORRECT Answers Strategic management 3 steps - Correct Answer- analysis, decisions, actions Strategy - Correct Answer- the ideas, decisions, and actions that enable a firm to succeed Strategy characteristics - Correct Answer- it is about choi...