WPC 480 Exam 1 Questions With Complete
Solutions
Which of the following statements should ideally reflect a firm's strategy for competitive
advantage? Our aim is to create superior customer value while controlling costs
When the strong dictatorial rule in Arlington unexpectedly collapsed due ...
Which of the following statements should ideally reflect a firm's strategy for competitive
advantage? Our aim is to create superior customer value while controlling costs
When the strong dictatorial rule in Arlington unexpectedly collapsed due to the shocking death of
the royal family in an explosion, the nation's economy experienced drastic changes. The laws
became more restrictive, the country lost many locally produced resources and products, and the
distribution of wealth became inequitable. The unexpected event that led to these changes can
best be described as a(n) ________ event. Black swan
To support the rise of emergent strategies, an organization should... Empower lower-level
employees to take up autonomous actions
The CEO of All Star Corp. has decided to enter the markets of emerging nations like China and
Brazil. This means that the books, magazines, and websites publishes under the Chyron Media
banner would be made available in these nations. Which of the following strategies does this
scenario best illustrate? Corporate strategy
Chad is the founder of a firm producing self-driving vehicles. Because the industry is so new and
chaotic, Chad favors a top-down strategic planning approach in which he exerts strong control
, WPC 480 Exam 1 Questions With Complete
Solutions
over all aspects of the business, from product development and design to manufacturing and
marketing. What is wrong with this scenario? The self-driving vehicle industry is
changing too much for the top-down approach to be effective
Which of the following best describes a Level 5 manager in the Level-5 leadership pyramid?
Jim is the CEO of Eco Inc.; he has helped his company in gaining and sustaining a
competitive advantage through ethical decision making
If you examine various barriers to entry facing firms that might wish to enter the airline industry,
this would be most helpful in assessing which of the five forces in the industry? Threat of
new entrants
Which of the following is a primary feature of the five forces model? It views the
competition broadly to include forces such as buyers, suppliers, and the threat of substitutes
While implementing strategic group mapping for the U.S. domestic airline industry, two strategic
groups become apparent: low-cost, point-to-point airlines (Virgin Atlantic, Alaska Airlines,
JetBlue, and Southwest Airlines) versus differentiated airlines using a hub-and-spoke system
(American, Delta, and United). Which of the following statements is true about these two
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