AGBE 4365 Exam Questions & Answers 2024/2025
A company's strategy concerns... - ANSWERSmanagement's action plan for running the business and conduct operations - its commitment to pursue a particular set of actions in growing the business, staking out a market position, attracting and pleasing...
A company's strategy concerns... - ANSWERSmanagement's action plan for running the business and
conduct operations - its commitment to pursue a particular set of actions in growing the business,
staking out a market position, attracting and pleasing customers, competing successfully, conducting
operations, and achieving targeted objectives.
Which of the following is not a primary focus of a company's strategy? - ANSWERSHow to achieve above-
average gains in the company's stock price and thereby meet or beat shareholder expectations
A company achieves sustainable competitive advantage when - ANSWERSAn attractive number of buyers
have a lasting preference for its products or services as compared to the offerings of competitors.
Which of the following is not something to look for in identifying a company's strategy? -
ANSWERSManagement actions to revise the company's financial and strategic performance targets.
The difference between a company's strategy and a company's business model is that -
ANSWERSStrategy relates broadly to a company's competitive moves and business approaches (which
may or may not lead to profitability) while its business model relates to whether the revenues and costs
flowing from the strategy demonstrate that the business is viable from the standpoint of being able to
earn satisfactory profits and returns on investment.
Which of the following is an integral part of the managerial process of crafting and executing strategy? -
ANSWERSSetting objectives and using them as yardsticks for measuring the company's performance and
progress
The difference between a company's mission statement and the concept of a strategic vision is that -
ANSWERSA mission statement typically concerns a company's present business scope and purpose
whereas a strategic vision sets forth "where we are going and why."
Which of the following is the best example of a well-stated financial objective? - ANSWERSIncreased
earnings per share by 15% annually.
, Which of the following is the best example of a well-stated strategic objective? - ANSWERSOvertake key
competitors on product quality within three years.
A balanced scorecard for measuring company performance - ANSWERSEntails creating a set of objectives
that is "balanced" in the sense of including both financial and strategic objectives.
Which one of the following is not part of a company's macroenvironment? - ANSWERSThe company's
resource strengths, resource weaknesses, and competitive capabilities
The state of competition in an industry is a function of - ANSWERSAll of these.
The rivalry among competing sellers tends to be less intense when - ANSWERSIndustry rivals are not
particularly aggressive or active in making fresh moves to improve their market standing and business
performance.
Potential entrants are more likely to be deterred from actually entering an industry when -
ANSWERSIncumbent firms have previously been aggressive in defending their market positions against
entry.
In which of the following instances are industry members not subject to stronger competitive pressures
from substitute products? - ANSWERSBuyers are dubious about using substitutes
Whether supplier-seller relationships in an industry represent a strong or weak source of competitive
pressure is a function of - ANSWERSWhether suppliers can exercise sufficient bargaining power to
influence the terms and conditions of supply in their favor and the extent of seller-supplier collaboration
in the industry.
Which of the following is not a factor that causes buyer bargaining power to be stronger? - ANSWERSThe
industry is composed of a few large sellers and the customer group consists of numerous buyers that
purchase in fairly small quantities.
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