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VSB 4002 Practice Test Questions & Answers 2024/2025
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VSB 4002 Practice Test Questions & Answers 2024/2025
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VSB 4002 Practice Test Questions &Answers 2024/2025
in order for a firm to formulate an effective business-level strategy, it is important to remember that
competitive advantage is determined by - ANSWERSthe characteristics of both the industry and the firm
what is a drawback of using the industry life cycle as a framework to guide strategic choice? -
ANSWERSthe framework does not explain everything about changes in industries
incumbent firms prefer to focus on incremental innovations which reinforce their established
organizational structure and power distribution and avoid radical innovation that could disrupt their
existing power distribution. this is known as - ANSWERSorganizational inertia
what is not an advantage when it comes to "first-mover advantages"? - ANSWERSfirst movers must
educate potential customers about their product
Billy is the CEO of Billy's Kicks, a soccer ball retailer. He decides to purchase the synthetic rubber
manufacturing firm so e can create his own soccer balls and sell them, nationally, in his retail stores. in
order to do this, Billy will need to engage in ____, which is a corporate level strategy -
ANSWERSbackward vertical integration
How is an equity alliance different from a joint venture? - ANSWERSan equity alliance involves taking
ownership in a partner; a joint venture involves two or more entities owning a firm
which of the following statements is true about managing alliance-related tasks? - ANSWERSalliance-
management capability is based on three alliance-related tasks
true or false. a conglomerate receives less than 70% of its revenues from any single business and
features a number of strategic business units that have little to no relationship with each other -
ANSWERStrue
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