Exam (elaborations)
MIE-480 exam 1 Ch.1 Detailed Questions and Expert Answers
- Course
- MIE480
- Institution
- North Carolina State University
MIE-480 exam 1 Ch.1 Detailed Questions and Expert Answers
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MIE-480 exam 1 Ch.1 Detailed Questions andExpert Answers
Strategic competitiveness - ANS achieved when a firm successfully formulates and
implements a value-creating strategy
strategy - ANS an integrated and coordinated set of commitments and actions
designed to exploit core competencies and gain a competitive advantage
competitive advantage - ANS A set of unique features of a company and its
products that are perceived by the target market as significant and superior to the
competition. Competitors are unable to duplicate or find it to be to costly to
imitate
above-average returns - ANS returns in excess of what an investor expects to earn
from other investments with a similar amount of risk
risk - ANS an investor's uncertainty about the economic gains or losses that will
result from a particular investment
average returns - ANS returns equal to those an investor expects to earn from
other investments with a similar amount of risk
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