BSG Final Exam 2024 Version/ BSG Final Comprehensive
Exam New Latest Version With All Questions And 100%
Correct Answers
The financial perspective on the balanced scorecard deals with all the
following EXCEPT: - ANSWER >> Closing Cash Balance
When resources and capabilities serve as a source of competitive
advantage for a firm, the firm has created a(n): - ANSWER >> Core
Competence
Tyson employees carry a "values card" with them. They also wear khaki
uniforms with the Tyson logo on them. These are parts of Tyson's
____________ - ANSWER >> Corporate Culture
Starbucks is a highly-successful company for several reasons. Using your
knowledge of the resource-based model, how would you describe
Starbuck's use of a custom grinder for their coffees that was developed
by their own employees? - ANSWER >> Resource
Corporate strategy means: - ANSWER >> Deciding which industries to
compete it
All of these EXCEPT ONE, is an impact of globalization on most
companies - ANSWER >> Maintaining a company's current corporate
structure
In the airline business, loyalty programs that reward frequent fliers with
points across all firms in the industry. Any significant changes that give
temporary advantage to a competitor are quickly copied. These
changes only offer a short-term advantage. Among the industry models
,we have studied, this type of resource mobility is characteristic of
the____________ model - ANSWER >> Industrial Organization
There are ten major global auto manufacturers. Each company has its'
own lineup of autos, SUV's, pickup trucks, etc. that are designed to
compete in local as well as global markets. Sometimes the models are
local adaptations of models that have been successful in other locales.
Sometimes the models are designed for a specific market such as China.
Regardless, the competition is strong with regular adjustments for
pricing and product features. This process is called _________. -
ANSWER >> Global hypercompetition
For more than 100 years, railroads enjoyed a monopoly in both freight
and passenger service. They readily moved from steam locomotives to
diesel-electric ones. They added air-conditioning and other passenger
amenities. After World War II, long distance rail passenger traffic
declined steadily and significantly. The primary cause was the
emergence of regular airline service. Airlines offered faster service,
competitive pricing and more convenient scheduling. The emergence of
airlines as the primary means of long-distance travel is a classic
example of__________ - ANSWER >> Disruptive Technology
A current employee who is a candidate for a Board of Directors position
is termed ______________ - ANSWER >> Insider
Human capital refers to: - ANSWER >> The knowledge and skills of the
firm's entire workforce
Which IS NOT a factor affecting managerial discretion? - ANSWER >>
Characteristics of the industry
A stable strategy with innovation, calls for: - ANSWER >>
Heterogeneous organization with an internal CEO
,Leroy is a Coors beer salesman. He goes into Grub's for his normal sales
call and notices a new Core beer tap has been added. The beer is called
Spring Harvest. Leroy tells his supervisor, Bubba about the new beer in
Grub's. Bubba tells Leroy to keep an eye on how well the new beer sells
and let him know. Bubba is asking Leroy to _______ the new beer. -
ANSWER >> Monitor
According to the text, the likelihood of entry of new competitors is
most affected by ______ and _______. - ANSWER >> barriers to
entry/expected retaliation of current industry organizations
One activity that can impact the threat of retaliation in an industry is: -
ANSWER >> Government Regulation
Rodney Razorback wants to sell Oklahoma craft beers in Arkansas. In
order to do this, he has to get a license from the Arkansas Alcoholic
Beverage Commission. They require him to post a $10,000 bond and fill
out several tax forms. Rodney is really discouraged and probably won't
try to sell beer in Arkansas because the taxes make it too expensive.
The licensing requirement is: - ANSWER >> A barrier to entry
Product differentiation refers to: - ANSWER >> Belief by customers that
a product is unique
Walmart has a sophisticated computer system called Retail Link. This
system gives Walmart very detailed information about the sales in each
of their location. In turn, this helps Walmart merchandise their stores
according to the needs of the community it serves. They call this being
a "store of the community". This type of industry analysis is: - ANSWER
>> Demographic
, Which of the following IS NOT a barrier to entry? - ANSWER >> Training
Costs
Bubba is a great barbecue guy. However, he isn't really sure how to
build awareness of his great barbecue products. So, he hires his
fraternity brother Josh's company to build awareness for his place. In
the value chain, Bubba has outsourced his ______. - ANSWER >>
Marketing
Tangible and intangible resources lead directly to the development of: -
ANSWER >> Capabilities
In terms of the four criteria of sustainable competitive advantage, the
unique organizational culture of Southwest Airlines is ______________.
- ANSWER >> Organized to capture value
Internal analysis enables a firm to determine what the firm: - ANSWER
>> Can do
Value Chain analysis forces the company to focus on: - ANSWER >>
Valuable activities it can retain
To provide a sustainable competitive advantage, a capability must
satisfy ALL the following criteria EXCEPT: - ANSWER >> Be
technologically innovative
At one point, railroads did a very good job of delivering passenger rail
service. Over time, and as passenger service became less profitable,
railroads continue to maintain the same service standards. ?Railroad
passenger service ad evolved into a _______. - ANSWER >> Core rigidity
Bubba is opening a barbecue joint on Dickson Street. He has a great
location and specially-built infrared smoker that is the very latest
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