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WPC 470 Midterm questions with correct answers graded A+
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WPC 470 Midterm questions with correct answers graded A+
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WPC 470 Midterm questions with correctanswers graded A+
Which of the following three important stakeholder attributes should managers pay special close
attention to in order to better understand stakeholder impact analysis? - correct answer ✔✔power,
legitimacy, and urgency
The best example of a firm's external stakeholders is a(n) - correct answer ✔✔government agency that
regulates the prices of products manufactured by the firm
Which of the following is an example of competitive parity? - correct answer ✔✔A firm produces a
similar number of wall clocks at a similar cost as its competitors
Batt Packs recently came under criticism when - correct answer ✔✔design batteries without the
chemical and market them as environmentally friendly
The founder of T-Square Construction strongly - correct answer ✔✔ensure that the company is
profitable and has a sustainable competitive advantage
Upper management at ComfyShoe Inc., a manufacturer of insoles for shoes, wants to work on improving
the product lines it already has without taking on other challenges at this time. Which of the following
vision statements reflects that goal? - correct answer ✔✔ComfyShoe Inc. wants to be the best
manufacturer of insoles in the industry
Which of the following statements is true of customer-oriented visions? - correct answer ✔✔Customer-
oriented vision statements are not the same as listening to your customer
Do vision statements help firms gain and sustain competitive - correct answer ✔✔It depends, because
the effectiveness of vision statements differ by type
Maria and Tom both - correct answer ✔✔dialectic inquiry
, EverMart Inc. is a large company that sells - correct answer ✔✔strategic business units
Hank runs - correct answer ✔✔The company is likely to be very profitable as long as the threat to entry
is low
In which of the following situations is a company that exists in the telecommunications industry most
likely to face the highest threat of entry? - correct answer ✔✔if the industry has recently become
deregulated
We Ensure Inc., an insurance firm, replaced - correct answer ✔✔switching cost
Nye Stud - correct answer ✔✔oligopolistic
Which of the following fundamental insights was provided by Porter's five forces framework from the
completion of the Alta Velocidad Española (AVE)? - correct answer ✔✔Any of the five forces on its own,
if sufficiently strong, can extract industry profitability
Pharmacat Pharma - correct answer ✔✔low
Which of the following applies to the Strength-Threats quadrant of the SWOT matrix? - correct answer
✔✔the local fast-food chain Easy Hot Dogs used its wholesome image to maintain its competitive
advantage against stiff competition
Buzztronic - correct answer ✔✔Buzztronic will have a resource that is valuable but no longer rare
When conduction a _________________, it's best to examine both PESTEL and Porter's five forces
analyses because these tools focus on the external environment - correct answer ✔✔SWOT analysis
Toyago Inc. - correct answer ✔✔resource immobility
Blackzim Wireless is a cellular service provider that charges its customers $1 for three hours of talk time.
So, if a customer's talk time for a month is 60 hours, the compoany charges him or her $20 at the end of
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