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BSG TEST/15 QUESTIONS AND ANSWERS
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BSG TEST/15 QUESTIONS AND ANSWERS
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BSG TEST/15 QUESTIONS AND ANSWERSWhich of the following is not among the choices and decisions a company
makes in crafting its strategy - -How to boost the company's credit rating
and stock price
-A company's strategy evolves from one version to the next - -as managers
abandon obsolete or ineffective strategy elements, settle upon a set of
proactive strategy elements, and then as new circumstance unfold-- make
adaptive strategic adjustments, which gives rise to reactive strategy
elements
-A winning strategy is one that - -fits the company's internal and external
situation, improves company performance, and helps achieve sustainable
competitive advantage
-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? - -
striving to be more profitable than rival and aiming for a competitive edge
based on bigger profit margins
-Based on Figure 1.1 Which of the following is not something to look for in
identifying a company's strategy - -actions to raise or lower the company's
performance targets and actions to pay down the company's long-term debt
-Crafting and executing strategy are top-priority managerial task because -
-how well a company performs and the degree of market success it achieves
are directly attributable to the caliber of its strategy and the proficiency with
which strategy is executed
-the heart and soul of any strategy - -is the actions and moves in the
marketplace that managers are taking to gain a competitive advantage over
rivals
-Which of the following is not one of the reasons that a company's strategy
evolves over time - -the need on the part of company mangers to make
regular strategy adjustments so as to keep rivals off balance and always
guessing about what moves it will make next
-The customer value proposition portion of a company's business model
concerns - -the company's approach to satisfying buyer needs and
requirements at a price they will consider a good value
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