Wpc 480 midterm exam - Study guides, Class notes & Summaries

WPC 480 Midterm Exam Questions And All Correct Answers What is the main reason to do an industry analysis? -ANSWER- Identify all firms that can take profits generated by the firm Second step in doing an industry analysis -ANSWER- Identify relevant competitors that define your industry or industry group First step in doing an industry analysis -ANSWER- Set a goal or specific question to answer from doing the industry analysis What would improve rivalry between competitors -ANSWER- Con...

Which of the following is an example of competitive parity? a.) A firm manufactures higher-quality wall clocks than its competitors. b.) A firm produces a similar number of wall clocks at a similar cost as its competitors. c.) A firm provides wall clocks that its consumers value more than other wall clocks. d.) A firm sells wall clocks at a lower price than its competitors. b Strategic commitments are actions that are a.) costly, short-term oriented, and easy to reverse. b.) inexpe...

WPC 480 midterm 1 Exam Questions and Answers All Correct All of the following were traditional sources of competitive advantage EXCEPT: a. labor costs. b. access to financial resources. c. protected markets. d. a highly educated labor market. - ANSWER d Customer loyalty programs such as airline frequent flyer miles are an attempt to: a. decrease competitors' access to distribution channels. b. develop a cost advantage independent of scale. c. increase customers' switching...

WPC 480 midterm exam questions & answers 2023/2024 Strategic competitiveness - ANSWER-Achieved when a firm creates and applies a strategy that creates value, this is not lasting, you need to be in the shoes of the competitor. Competitive advantage - ANSWER-When a firm formulates and implements a set of strategies to keep customers coming back Competitors find it either costly, or hard to imitate. obove-average returns - ANSWER-Returns in excess of what the investor would typically e...

Strategic Competitiveness - Answer-achieved when a firm successfully formulates and implements a value-creating strategy Strategy - Answer-integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - Answer-when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitate. Above average returns - Answer-returns in ...

an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage - Answer-strategy a firm has a __________ __________ when it creates superior call for customers in ways that competitors are unable to imitate or find too costly to imitate - Answer-competitive advantage a competitive advantage often leads to __________-average returns- returns in excess of what an investor expects to earn from other investments with a simila...

WPC 480 MIDTERM ACTUAL 2024 EXAM WITH 100% CORRECT VERIFIED ANSWERS (ALREADY GRADED A+)

strategy - Answer-integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Strategic Competitiveness - Answer-formulating and implementing programmed actions to outperform competitors in the LT competitive advantage - Answer-competitors are unable to recreate value of the firms product (too hard or too expensive) -never permanent (everything always changing) above average returns - Answer-in excess of what an inves...