Competitive disadvantage - Study guides, Class notes & Summaries

Theories of how to gain competitive advantage in an industry that emerge over time or that have been radically reshaped once they are initially implemented are known as correct answers emergent strategies Which type of ratios focus on the ability of a firm to meet its short-term financial obligations? correct answers liquidity ratios Firms that generate less economic value than their rivals experience a competitive correct answers disadvantage Accounts receivable turnover is an example ...

Corporate Strategy - The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously What does corporate strategy address? - Where to compete on 3 dimensions: Industry value chain: vertical integration Products & services: diversification Geography: regional, national, or global markets Vertical Integration - The process in which several steps in the production and/or distribution of a product or service are controlled and own...

Strategy Management - An integrative management field that combines analysis, formulation, and implementation in a quest for competitive advantage Strategy - The set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors Good Strategy - A strategy is good when it enables a firm to achieve superior performance. It consists of three elements (1) a diagnosis of the competitive advantage; (2) a guiding policy to address the competitive challenge;...

CMN 140 Exam1, CMN 140 Exam 2, CMN 140 Final 194 Questions with Verified Answers "Hardware" vs "Software" of the brain - CORRECT ANSWER *Hardware:* -Biological organ of communication -Computation is processed in gray matter -> e.g. how info is processed in the brain -Info is transmitted via white matter *Software:* -The brain gives rise to the mind -Some programs are innate (e.g. capacity for language) -Some are learned (e.g. English language) *There is a deep physical conn...

WGU C202 Managing Human Capital Exam Review (New 2023/ 2024 Update) | Questions and Verified Answers| 100% Correct| A Grade QUESTION QUESTION stakeholder perspective Answer: considering the interests and opinion of all people, groups, organizations, or systems that affect or could be affected by the organization's actions QUESTION 4 types of organizational culture Answer: entreprenueral burocratic consensual competitive QUESTION remi...

Equation for Return on Assets? correct answers Return on Assets= Net Income/Total Assets Competitive ___________________ differences should be measured by using a variety of evaluation tools. correct answers Performance Competitive performance is always measured ____________ to other firms correct answers Relative Measuring Competitive Advantage - Three standards are typical by asking: 1. 2. 3. correct answers 1. How much economic value does the firm generate? 2. What is the firm's...

AAMI Small Business Management - Study for Final Exam Questions and Answers 100% Pass T or F - Three primary rewards of entrepreneurship are thought to be profit, independence, and personal fulfillment. - Correct Answer ️️ -True T or F - Some estimate that entrepreneurs are four times less likely to be millionaires than are those who work for others. - Correct Answer ️️ -False T of F - A refugee is a person who tried entrepreneurship, failed, and sought refuge in corporate employm...

Equation for Return on Assets? correct answers Return on Assets= Net Income/Total Assets Competitive ___________________ differences should be measured by using a variety of evaluation tools. correct answers Performance Competitive performance is always measured ____________ to other firms correct answers Relative Measuring Competitive Advantage - Three standards are typical by asking: 1. 2. 3. correct answers 1. How much economic value does the firm generate? 2. What is the firm's acc...

Which of the following statements about the average wholesale price a company charges footwear retailers in a given geographic region is *incorrect*? A. the further a company's average wholesale price to retailers in a geographic region is ABOVE the all-company regional average wholesale price, the bigger the negative impact of this price-based competitive disadvantage on its pairs sold and market share in a region. B. any company whose average wholesale price to retailers is ABOVE the regi...

What is strategy? An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? Internal and External. What are the 3 business strategies? 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? Compare firm performance to a benchmark. ...