Exam (elaborations)
MAN 3025 EXAM 2 UF Questions with Correct Solutions
- Course
- Institution
MAN 3025 EXAM 2 UF Questions with Correct Solutions
[Show more]
Content preview
MAN 3025 EXAM 2 UFMichael Porter defined _____ as an attempt to achieve sustainable competitive advantage by preserving
what is distinct about a company. - Answer-strategic positioning
Johanna has been asked by the department manager to prepare a SWOT analysis on two of the
company's products. In which step of the strategic management process would a company use a SWOT
analysis? - Answer-current reality assessment
The president, chief financial officer, and chief operating officer of Jensen Mfg. meet annually to discuss
the direction of the company including what products they will continue to offer and what new products
they will introduce. Which level of strategic management does this represent? - Answer-corporate-level
True or false: It is common practice today for most small business owners to engage in strategic
planning. - Answer-False
When other companies cannot duplicate the value provided by a competitor, then the competitor has
established a(n) _____ competitive advantage. - Answer-sustainable
The second step of the strategic management process involves - Answer-assessing the current reality
Corporate-level strategy: (select all that apply) - Answer-involves senior executives in planning
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 Zanaya. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75759 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now