Wpc 480 midterm - Study guides, Class notes & Summaries

Strategic Competitiveness - achieved when a firm successfully formulates and implements a value-creating strategy Strategy - integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitate. Above average returns - returns in excess of what an investor e...

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WPC 480 Midterm Exam Questions and Answers

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Which of the following is an example of a business acting upon an organizational core value? Pegasus Autos reduces engine emissions below federal guidelines to reduce pollution - by lowering engine emissions below beyond what federal laws require, Pegasus Autos is acting on an ethical standard & thus an organizational value Soil & Sod Gardening Supplies has a vision of helping every American learn how to grow their own food. Its management team recently unveiled the mission the mission ...

WPC 480 Midterm 2 Exam Questions and Answers

WPC 480 midterm Exam Questions And Answers 100% Solved 2024/2025 All of the following were traditional sources of competitive advantage EXCEPT: a. labor costs. b. access to financial resources. c. protected markets. d. a highly educated labor market. - answerd Customer loyalty programs such as airline frequent flyer miles are an attempt to: a. decrease competitors' access to distribution channels. b. develop a cost advantage independent of scale. c. increase customers' switching cost...

WPC 480 MIDTERM Questions With Complete Solutions Strategic Management Process full set of commitment, decisions, and actions required for a firm to achieve strategic competitiveness and earn above-average returns first step is to ANALYZE (external and internal resources, capabilities, core competencies), next STRATEGIZE (formulation and implementation), then take action to enact strategy to have good PERFORMANCE Todays competitive markets: 1. The global economy 2. Globalization 3. ...

WPC 480 midterm Exam Questions And Answers 100% Solved 2024/2025 All of the following were traditional sources of competitive advantage EXCEPT: a. labor costs. b. access to financial resources. c. protected markets. d. a highly educated labor market. - answerd Customer loyalty programs such as airline frequent flyer miles are an attempt to: a. decrease competitors' access to distribution channels. b. develop a cost advantage independent of scale. c. increase customers' switching cost...

The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - False According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - Supply Chain Mgt _______________________ is best described as the difference between the value a consumer attaches to a good and the cost to provide the good. A. Pro...