GMS 200 Exam Review Questions With Correct Answers
0 view 0 purchase
Course
GMS 200
Institution
GMS 200
GMS 200 Exam Review Questions With
Correct Answers
The key result of achieving competitve advantage is _______
A. An ability to sidestep government regulations.
B. An ability to consistently do something of high value which one's competitors cannot replicate
quickly or do as well.
C. An abili...
GMS 200 Exam Review Questions With
Correct Answers
The key result of achieving competitve advantage is _______
A. An ability to sidestep government regulations.
B. An ability to consistently do something of high value which one's competitors cannot replicate
quickly or do as well.
C. An ability to drive the competition out of business and to make extraordinarily high profits.
D. An ability to establish a monopolistic market position.
E. An ability to dictate consumer needs and preferences. - answer✔An ability to consistently do
something of high value which one's competitors cannot replicate quickly or do as well.
__________ is the worldwide interdependence of resource flows, product markets, and business
competition that characterizes the new economy
A. Economic internationalization.
B. International management.
C. Globalization.
D. World interdependence.
E. Cross-cultural business. - answer✔International management
The characteristics that are typically associated with entrepreneurs include all of the following
EXCEPT:
a. Internal locus of control.
b. High need for achievement.
c. Intolerance for ambiguity.
d. Action orientation.
j. Planning. - answer✔j. Planning.
5. Planning facilitates control by defining the objectives and __________.
a. Identifying the specific courses of action to be taken.
b. Creating specialization among the workers.
c. Improving organizational structures.
d. Developing the human resources.
e. Motivating the workers. - answer✔a. Identifying the specific courses of action to be taken.
A comprehensive plan of action that identifies long-term direction for an organization and guides
resource utilization to accomplish an organization's goals with sustainable competitive advantage
is known as the __________.
a. Operating philosophy.
b. Strategy.
c. Planning objectives.
d. Operating objectives.
e. Official objectives. - answer✔Answer. B.
__________refer(s) to an organization's basic reason for existence in society.
a. Core values.
b. Competitive advantage.
c. Strategic objectives.
d. Mission.
e. Strategic advantage. - answer✔d. Mission.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Brightstars. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
