Mba 706 Study guides, Class notes & Summaries
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MBA 706 Test 1 Questions and Answers Already Passed
- Exam (elaborations) • 28 pages • 2024
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MBA 706 Test 1 Questions and Answers 
 
Already Passed 
 
Question: What is the purpose of a SWOT analysis in strategic planning? 
Answer: A SWOT analysis is used to identify an organization's Strengths, Weaknesses, 
Opportunities, and Threats. It helps businesses understand their internal capabilities and external 
environment, guiding strategic decisions. 
 
Question: How does Porter's Five Forces model help businesses understand their competitive 
environment? 
 
Answer: Porter's Five Fo...
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MBA 706 Exam 1 Study Guide with Complete Solutions.
- Exam (elaborations) • 18 pages • 2024
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MBA 706 Exam 1 Study Guide with Complete Solutions. 
Chapter 1 – The Strategic Perspective 
• Relationship between strategy and change 
o Change is the only certainty 
o Change can be cyclical (predictable) or evolutionary (unpredictable) 
o Change is an integral part of strategy 
■ What drives change? -PEST (political / economic / social / 
technological) 
■ What impacts change? - volatility / globalization / competition / 
redefine 
■ What are the consequences of change? - new opport...
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MBA - 706 Darrat (Exam 1 questions and answers)
- Exam (elaborations) • 14 pages • 2024 Popular
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Marketing - ANSWER-identifying and meeting human and social needs in a way 
that harmonizes with the goals of the organization 
Marketing Management - ANSWER-the art and science of choosing target 
markets and getting, keeping, and growing customers through creating, 
delivering, and communicating superior customer value 
Goods - ANSWER-Physical goods constitute the bulk of most countries' 
production and marketing efforts 
Services - ANSWER-As economies advance, a growing proportion of their 
...
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MBA 706 Exam 1 Study Guide with Complete Solutions.
- Exam (elaborations) • 18 pages • 2024
- Available in package deal
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MBA 706 Exam 1 Study Guide with Complete Solutions. 
Chapter 1 – The Strategic Perspective 
• Relationship between strategy and change 
o Change is the only certainty 
o Change can be cyclical (predictable) or evolutionary (unpredictable) 
o Change is an integral part of strategy 
■ What drives change? -PEST (political / economic / social / 
technological) 
■ What impacts change? - volatility / globalization / competition / 
redefine 
■ What are the consequences of change? - new opport...
-
MBA 706 Exam 1 Study Guide with Complete Solutions.
- Exam (elaborations) • 18 pages • 2024
- Available in package deal
-
- $12.99
- + learn more
MBA 706 Exam 1 Study Guide with Complete Solutions. 
Chapter 1 – The Strategic Perspective 
• Relationship between strategy and change 
o Change is the only certainty 
o Change can be cyclical (predictable) or evolutionary (unpredictable) 
o Change is an integral part of strategy 
■ What drives change? -PEST (political / economic / social / 
technological) 
■ What impacts change? - volatility / globalization / competition / 
redefine 
■ What are the consequences of change? - new opport...
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MBA 706 Exam 2 Study Guide Questions and Answers.
- Exam (elaborations) • 11 pages • 2024
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MBA 706 Exam 2 Study Guide Questions and Answers. 
1. What is the difference between a want and a need from the consumer buying process’ 
perspective? 
o Need 
 Occurs when the consumer’s existing level of satisfaction and desired level of 
satisfaction are not the same 
 Based on internal (e.g., hunger, thirst, and fatigue) or external (e.g., advertising, 
window shopping, interacting with salespeople) stimuli 
 Consumers can "recognize needs" in a variety of settings and situati...
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MBA 706 Exam 2 Study Guide Questions and Answers.
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
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- $12.99
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MBA 706 Exam 2 Study Guide Questions and Answers. 
1. What is the difference between a want and a need from the consumer buying process’ 
perspective? 
o Need 
 Occurs when the consumer’s existing level of satisfaction and desired level of 
satisfaction are not the same 
 Based on internal (e.g., hunger, thirst, and fatigue) or external (e.g., advertising, 
window shopping, interacting with salespeople) stimuli 
 Consumers can "recognize needs" in a variety of settings and situati...
-
MBA 706 Exam 2 Study Guide Questions and Answers.
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
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- $12.99
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MBA 706 Exam 2 Study Guide Questions and Answers. 
1. What is the difference between a want and a need from the consumer buying process’ 
perspective? 
o Need 
 Occurs when the consumer’s existing level of satisfaction and desired level of 
satisfaction are not the same 
 Based on internal (e.g., hunger, thirst, and fatigue) or external (e.g., advertising, 
window shopping, interacting with salespeople) stimuli 
 Consumers can "recognize needs" in a variety of settings and situati...
-
MBA 706 Exam with Guaranteed Accurate Answers 2024
- Exam (elaborations) • 26 pages • 2024
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Available in package deal
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Market Segmentation - correct answer The process of dividing consumers into groups with similar consumer characteristics and product needs. 
 
Market Segmentation - correct answer Allows managers to break the market into small manageable groups, so that firms can tailor their offerings to satisfy different needs and wants. 
 
Three Marketing Strategies - correct answer Undifferentiated (Mass Marketing), Differentiated (Product-Variety), Concentrated (Target) 
 
Undifferentiated (Mass Marketing) ...
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MBA 706 EXAM 2 GRADED A+ 2024
- Exam (elaborations) • 8 pages • 2024
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MBA 706 EXAM 2 GRADED A+ 2024
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