Miami University ISA 235 Question and answers correctly solved
4 views 0 purchase
Course
ISA 235
Institution
ISA 235
Miami University ISA 235 Question and answers correctly solved Miami University ISA 235
business strategy - correct answer A leadership plan that achieves a specific set of goals or objectives such as increasing
sales, decreasing costs, entering new markets, or developing new products or se...
Miami University ISA 235
business strategy - correct answer ✔A leadership plan that achieves a
specific set of goals or objectives such as increasing
sales, decreasing costs, entering new markets, or developing new products or
services.
stakeholder - correct answer ✔A person or group that has an interest or
concern in an organization.
competitive advantage - correct answer ✔A feature of a product or service
on which customers place a greater value than on similar offerings from
competitors.
first-mover advantage - correct answer ✔An advantage that occurs when a
company can significantly increase its market share by being first to market
with a competitive advantage.
competitive intelligence - correct answer ✔The process of gathering
information about the competitive environment, including competitors' plans,
activities, and products, to improve a company's ability to succeed.
SWOT analysis - correct answer ✔Evaluates an organization's strengths,
weaknesses, opportunities, and threats to identify significant influences that
work for or against business strategies.
porter's five forces model - correct answer ✔A model for analyzing the
competitive forces within the environment in which a company operates, to
assess the potential for profitability in an industry.
, buyer power - correct answer ✔The ability of buyers to affect the price they
must pay for an item.
switching costs - correct answer ✔Costs that make customers reluctant to
switch to another product or service.
loyalty program - correct answer ✔A program to reward customers based on
spending.
supply chain - correct answer ✔All parties involved, directly or indirectly, in
obtaining raw materials or a product.
supplier power - correct answer ✔One of Porter's five forces; measures the
suppliers' ability to influence the prices they charge for supplies (including
materials, labor, and services).
threat of substitute products or services - correct answer ✔One of Porter's
five forces, high when there are many alternatives to a product or service and
low when there are few alternatives from which to choose.
threat of new entrants - correct answer ✔One of Porter's five forces, high
when it is easy for new competitors to enter a market and low when there are
significant entry barriers to joining a market.
entry barrier - correct answer ✔A feature of a product or service that
customers have come to expect and entering competitors must offer the same
for survival.
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 Academia199. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
