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WPC 480 Final Exam questions n answers graded A+
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WPC 480 Final Exam questions n answers graded A+
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WPC 480 Final Exam questions nanswers graded A+
Soil and Sod Gardening Supplies has a vision of helping every American learn how to grow their own
food. Its management team recently unveiled the mission statement "A garden at every home." What is
wrong with this mission statement? - correct answer ✔✔It does not indicate how the company will
accomplish its goals.
Bubble Buddy is a company that manufactures hot tubs. Which of the following best illustrates a
product-oriented vision for Bubble Buddy? - correct answer ✔✔to be the pioneering manufacturer of
hot tubs
In the AFI strategy framework, strategy analysis primarily involves - correct answer ✔✔evaluating the
effects of internal resources and core competencies on a firm's potential to gain and sustain a
competitive advantage.
During an AFI planning session, the managers of the Fukuhara Motorcycle Corporation decided to place
various stages of production in different countries in order to implement the strategy of cutting
overhead costs. By doing this, what issue did the firm address? - correct answer ✔✔organizational
design
Which of the following summarizes the difference between a firm's vision and mission? - correct answer
✔✔A vision states what a firm wants to accomplish; a mission states how a firm plans to accomplish this
vision.
Carlos is the manager of a graphic design firm, and he relies on a top-down strategic management
approach to maintain tight control over the activities of his employees. The company has recently
started to lose market share to its more innovative competitors, and Carlos wants to encourage his
employees to start contributing to the strategy formulation process to make the company more
competitive. Which of the following steps should Carlos take? - correct answer ✔✔Designate Friday
afternoons as time for employees to pursue outside interests loosely related to the business.
BlueStainless Corp. has been able to gain and sustain a competitive advantage due to its strong
relationship with its employees, customers, suppliers, and local communities. The company believes in
, lifetime employment and ensures that its employees grow along with the company. Investors are more
than satisfied with the returns on their investments. Also, 3 percent of the company's profit is spent on
community development. With initiatives like these, customers feel privileged to associate themselves
with BlueStainless products. This scenario best illustrates the implementation of a - correct answer
✔✔stakeholder strategy.
In the pyramid of corporate social responsibility, ________ responsibilities are the foundational building
block. - correct answer ✔✔economic
Which of the following scenarios best illustrates a good stakeholder strategy? - correct answer ✔✔PA
Corp. distributes only 40 percent of its annual profit after taxes to shareholders, while the remaining is
invested for further research, and distributed among employees and the local community.
Which of the following is an assumption that top-down strategic planning rests on? - correct answer
✔✔We can predict the future from the past.
Eon Inc., Electravia Inc., and FC Inc., the three largest firms in the consumer electronics industry, hold
close to 85 percent of the industry's market share. These companies mainly compete against each other
by providing unique features in their products rather than pricing them low. These firms are
interdependent, and each firm must consider the strategic actions of its competitors. Which of the
following industry competitive structures does this scenario best illustrate? - correct answer
✔✔oligopoly
The primary objective of Porter's five forces model is to - correct answer ✔✔understand the profit
potential of industries.
Which of the following is a drawback of Porter's five forces model? - correct answer ✔✔Managers
cannot determine the changing speed of an industry or the rate of innovation.
Hammer and Nails, Local Motion, DIY Palace, and Handy Paradise are all hardware stores that compete
against each other through everyday low pricing and discounts on bulk purchases. All four stores cater to
the needs of highly price-sensitive customers. Thus, together these stores form a - correct answer
✔✔strategic group.
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