Wpc 480 midterm - Study guides, Class notes & Summaries

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 Risk investors uncertainty about the economic gains or losses that will result from a particular investment Average returns returns equal to those an investor expects to earn from other investments with a similar amount of risk 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 interna...

WPC 480 midterm Exam with correct Answers

WPC 480 Midterm 2 Questions With Complete Solutions Boundaries of the firm "why does a firm exist and to what extent should the firm expand?" transaction cost economies helps explain and predict boundaries of the firm helps managers decide -which activities to perform in house (Internal Cost) -services and products to obtain from the external market (External Cost) asset specificity unique assets with high opportunity cost ex. Auto parts and assembly Firm vs. Market (make or ...

Wpc 480 midterm 1 Exam Questions & Answers

WPC 480 Midterm Exam Questions and Answers

Strategic Competitiveness - Answer-achieved when a firm successfully formulates and implements a value-creating strategy Strategy - Answer-integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - Answer-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 - Answer-returns in ...

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 wh...

WPC 480 Midterm Exam Questions And Answers 100% Solved 2024/2025 The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - answerFalse 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 - answerSupply Chain Mgt _______________________ is best described as the difference between the...

WPC 480 Midterm Exam Questions And Answers 100% Solved 2024/2025 The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - answerFalse 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 - answerSupply Chain Mgt _______________________ is best described as the difference between the...