Porters 5 forces are - Study guides, Class notes & Summaries

BTMA Midterm Prep Questions Correctly Answered. Business Strategy - correct answer 1. Marketing Strategy 2. IT Strategy 3. Operations Strategy 4. Product Strategy Alignment - correct answer Michael Porter - #1 Purpose is ______ Simplified Value Chain - correct answer 1. Defining Value Chain 2. Capturing Cost Data 3. Controlling Cost 4. Cutting Buyers Cost 5. Determining Purchasing Criteria 6. Reconfiguring Value Chain Industry Analysis - correct answer 1. Competitive Forces 2....

Value chain analysis - Answer-views a firm as a series of business processes that each add value to the product or service Primary activities in the value chain - Answer-found at the bottom of the value chain, these include business processes that acquire raw materials and manufacture, deliver, market, sell and provide aftersales services Support Activities in the Value Chain - Answer-found along the top of the value chain and includes business processes, such as firm infrastructure, human ...

MNM3709 - STRATEGIC MARKETING EXAM QUESTIONS AND ANSWERS Different strategy levels in an organisation - Answer- Corporate level ,Business level functional level. Corporate strategy - Answer- Overall purpose and scope of the org, how value can be added. Business strategy - Answer- How do we compete in this market relating to each business unit and product line. Functional strategy - Answer- Supports business level strategy through marketing,HR,production, info systems and finance functio...

OAM 331 Exam 1 Latest 2023 Graded A+ Honda A Logic -fully integrated manufacturer - salves vol obj - innovation to production fast Honda B Entrenpueral spirit and grit -didn't sell bigger bikes -> pivot to smaller super cubs -meet nicest people on a honda honda used ___________ for success to US motorcycle - mass production / market -labor productivity -dealer network -low cost Strategy set of activities that work together to create sustainable competitive adv British Motor problems -mec...

L4M8 Procurement & Supply in Practice Exam Questions And Answers (Verified And Updated) How many stages are there within the CIPS Procurement Cycle? - answerThe CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including make-versus-but assessment. 3. Develop strategy/plan. 4. Pre-procurement market tests and market engagement. 5. Development of required documentation, e.g. request for quotation (RFQ). 6. Suppli...

ISA 235 Final Exam Gowins Questions With Verified Answers Data - answerRaw facts that describe the characteristics of an event or object Structured Data - answerStored in traditional system such as a relational data base or spreadsheet Unstructured Data - answerNot defined and does not follow specific format Big Data - answerCollection of large, complex data sets including structured and unstructured data. Information - answerData converted into meaningful and useful context Business In...

Capstone exam 1 (short answer) and Questions Newly Updated 2024 Define a Strategy - CORRECT ANSWER-A company's strategy consists of competitive move and business approaches managers use to run a company. It is the managers "action plan" to grow the business, attract customers and become competitive in the market. How can a strategy be ethical? - CORRECT ANSWER-A company's strategy must entail actions that can pass moral scrutiny. It should not be shady, unconscionable, injuriou...

Miami University ISA 235 Final Exam Questions With Verified Answers Internet of things - answerA world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Support - answerViews a firm as a series of business processes that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. Support: Actual firm infrastructure such as HR, Management, Tech. Dept. ...

L4M8 Procurement & Supply in Practice Exam Questions And Answers (Verified And Updated) How many stages are there within the CIPS Procurement Cycle? - answerThe CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including make-versus-but assessment. 3. Develop strategy/plan. 4. Pre-procurement market tests and market engagement. 5. Development of required documentation, e.g. request for quotation (RFQ). 6. Suppli...

CIPS L4M4 LO1 What is sourcing? - correct answer Sourcing is the location, acquisition and management of all the vital inputs required for an organization to operate. What is tactical/operational sourcing? - correct answer Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? - correct answer Top-level decision making High-profit, high-risk items Long-term projects Collaborative relationships What aspe...