Exam (elaborations)
BSG Final Exam Review With 100% Correct And Verified Answers
- Course
- Institution
BSG Final Exam Review With 100% Correct And Verified Answers
[Show more]
Content preview
BSG Final Exam Review With 100%Correct And Verified Answers
A company's strategy - Correct Answer-Represents managerial
commitment to undertake one set of actions rather than another in an
effort to compete successfully and achieve good performance outcomes
Which of the following questions helps distinguish a winning strategy
from a mediocre or losing strategy - Correct Answer-Is the strategy
helping the company achieve a sustainable competitive advantage and is
it resulting in goo company performance?
In crafting a company's strategy - Correct Answer-Managers need to come
up with some distinctive "aha" quality that goes beyond merely attracting
buyer attention but that, more importantly, delivers what buyers perceive
as superior value and converts them in to loyal customers
A company's strategy is a "work in progress" and evolves over time
because of - Correct Answer-The need to react and respond to changing
market and competitive conditions and ongoing management efforts to
improve this or that piece of the strategy
It is normal for a company's strategy to end up being - Correct Answer-A
blend of proactive actions to improve the company's competitiveness and
financial performance and as-needed reactions to unanticipated
developments and fresh market conditions
The two crucial elements of a company's business model are - Correct
Answer-It's profit proposition or "profit formula" and its customer value
proposition
Which of the following is not a frequently used strategic approach to
setting a company apart from rivals, delivering superior value, achieving
competitive advantage, and converting buyers into loyal customers? -
Correct Answer-Striving to be more profitable than rivals and aiming for a
competitive edge based on bigger profit margins
Vendarsol
, A company's strategy can be considered "ethical" - Correct Answer-If it
does not entail actions or behaviors that cross the moral line from "should
or can do" to "should not do"
Which of the following is not something to look for in identifying a
company's strategy? - Correct Answer-Actions to boost the compay's
credit rating and stock price
The difference between a company's strategy and a company's business
model is that - Correct Answer-Strategy relates broadly to a company's
competitive moves and business approaches (which may or may not lead
to profitability) while its business model relates to whether the company
can execute its customer value proposition profitably
There are many routes to competitive advantage, but they all involve -
Correct Answer-Providing buyers with what they perceive as superior
value compared to the offerings of rival sellers
Which of the following statements about a company's strategy is false? -
Correct Answer-Well-crafted company strategies rarely need to be
changed unless one or more important rival firms launch unexpected
strategic initiatives that endanger the company's strategy long-term
profitability
The customer value proposition portion of a company's business model
concerns - Correct Answer-The company's approach to satisfying buyer
needs and requirements at a price they will consider a good value
How well a company performs and the degree of
market success it achieves are directly attributable
to - Correct Answer-The caliber of its strategy and
the proficiency with which the strategy is executed
In endeavoring to craft a strategy that is ethical,
company mangers - Correct Answer-Have to
consider not only whether all the various strategy
Vendarsol
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 Vendarsol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now