Glo bus exam 2 - Study guides, Class notes & Summaries

GLO-BUS QUIZ 2 EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ | PASSED

T/F 1) Executives whose visions and decisions help their companies achieve competitive advantage can be considered strategic leaders. - correct answer T T/F 2) Strategic leaders spend the majority of their time working alone to devise new strategies. - correct answer F T/F 3) A surprise event that leads to a change in strategic initiatives, such as the accidental discovery of a new use for an existing product, is known as serendipity. - correct answer T T/F 4) Because they are a crucial...

1 GLO-BUS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ The factors that affect a company's P/Q rating for UAV drones include Correct Answer: the assembly quality incentives paid to drone PAT members, the company's prior-year brand reputation, and the prior year worldwide average warranty claim rate on the company's drones. Which of the following ARE components of the compensation package for members of production assembly teams? Correct Answer: The dollar-c...

GLO-BUS EXAM 1 QUESTIONS WITH ALL CORRECT ANSWERS Strategic Management - ANSWER- An integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage Strategy - ANSWER- The set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors Resources Companies Compete for to Achieve Superior Performance - ANSWER- -New ventures: financial and human capital -Existing companies: profitable gro...

GLO-BUS Exam 2 with 100% complete solution

1 GLO-BUS-SAMPLE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Which of the following is NOT one of the benefits of current year and cumulative expenditures for camera/drone product R&D? Correct Answer: Reducing total annual compensation costs for PAT's because such spending once it reaches $25 million annually and a cumulative total of $100 million, allows the size of PAT's to be reduced from 4 persons to 2 persons Boosting a company's P/Q rating (the size ...

What is a cost driver? - correct answer a factor that has a strong influence on a company's costs (asset or activity-based) What is a Value Driver? - correct answer Quality Control Processes Product features and performance Customer Service Production R&D Technology and Innovation Input Quality Employee skill, training, experience Sales and Marketing What is a Low-Cost Provider? - correct answer Striving to achieve lower overall costs than rivals on products that att...

GLO-BUS Chapter Exam Questions And Correct Answers A company's business model - ANSWER- sets forth how its strategy and operating approaches will create value for customers while at the same time generating ample revenues to cover costs and realize a profit The two crucial elements of a company's business model are - ANSWER- its customer value proposition and its profit proposition or "profit formula" Which of the following is not a frequently used strategic approach to setting a co...