Wpc 480 2023 midterm exam - Study guides, Class notes & Summaries

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WPC 480 2023 midterm Exam Questions with Complete Solutions 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' switc...

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...

WPC 480 Midterm Exam Questions with Verified Answers | Latest 2023/2024 Strategic Competitiveness -- firms achieve by formulating and implementing a set of programmatic actions that allows it to outperform competitors in long run Strategy -- an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. competitive advantage -- a firm has this when competitors are not able to imitate the value the firm's products create...