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QUESTION 1 TO 67 -The basic principle of __________ is that incremental production costs decline at a constant rate




Question;? Question 1;The basic principle of __________ is that incremental;production costs decline at a constant rate as production experience is gained.;Learning curve;? Question 2;Which of the following is not one of Porter's five forces?;Risk of exist;? Question 3;Acting with integrity, promoting sustainability, protecting;the environment, are examples of ____________.;? Question 4;Your firm has moved down the learning curve and is now;producing a very high volume of goods, so high in fact that your purchasing;department has been complaining about the high supply prices for raw materials;that they have been paying because of the need to buy from the industry's;largest supplier. It is now obvious that your firm _______________.;? Question 5;are specific performance targets in each of the;areas covered by a firm's mission.;Objective;? Question 6;Aside from having a very intimidating top management that;collectively does not want to hear bad news, the organization's;can contribute to poor ethical behavior among its employees.;? Question 7;The least costly basis of product differentation to;duplicate _______.;Product features;? Question 8;Porsche is an example of a company that pursues _________.;Horizontal Integration;? Question 9;The most important characteristic of a firm's resources and;capabilities, in terms of sustaining competitive advantage is ________.;;? Question 10;Which of the following is a characteristic of a successful;environmental scanning (ES) system?;? Question 11;Which of the following would be considered an intangible;resource?;Anintangible asset is anassetthat lacks a physical;substance.;How it works/Example;For example,goodwill,patents, trademarks and copyrights are;intangible assets. None of these assets can be physically touched, but they can;still have value.;The line item for intangible assets is found on thebalance;sheet. Though goodwill is considered an intangible asset, it's often listed as;a separate line item.;[InvestingAnswers Feature:Financial Statementsfor Beginners;-- The Balance Sheet];Why it Matters;Intangible assetscan be a significant percentage of a;company's total assets, and therefore have a big impact on a firm'sbook value.;In most cases, ananalystcalculating book valuewillonly include those intangible;assets that can be separated from the company and sold.Goodwillcannot be;separated from the company, so it is generally not included in book value;calculations. But a valuablepatentcan be sold, and would be included in book;value.;To learn more, click here to seeA Simple Method for;Calculating Book Value.;? Question 12;is considered a vehicle in the Business Strategy;Diamond.;Franchising;C) Acquisitions;D) Joint ventures;? Question 13;0 out of 3 points;Which of the following is a nonfinancial performance metric?;? Question 14;Having embedded innovation processes that result in an;unique culture creates causal ambiguity that is difficult to imitate because it;is ______.;? Question 15;Drivers of a low cost strategy can include which of the;following?;? Question 16;The total of primary and support activities by which a firm;produces, distributes, and markets a product is best known as ____________.;? Question 17;0 out of 3 points;Learning and creating strategies based on everyday;observation throughout the lower-levels of the organization is consistent with;the notion of _____.;? Question 18;With respect to the mobile phone industry, if Apple were to;acquire Samsung this would __________________.;? Question 19;Which of the following statements is correct?;? Question 2When considering the VRINE model you could conclude that;? Question 21;The minimum scale needed to achieve maximum cost savings is;also known as __________.;? Question 22;From the perspective of the United States Government, the;rise of organizations such as ISIS in the Middle East represents;? Question 23;All of the following except ________ are considered;first-mover advantages.;? Question 24;The ___________perspective on competitive advantage enhances;our understanding on why it is difficult to sustain an advantage over rivals.;? Question 25;An application of ___________ to ___________ might result in;the following conclusions: (1) High-quality inputs: valuable, not rare, (2);Consistency of product, quality of product, flexibility of manufacturing;valuable, not rare, (3) Speed and competence in maintaining customers' canning;lines, quality of technical advice: valuable, rare, costly to imitate.;? Question 26;Shortcomings of the strategic managment process might;include ______.;? Question 27;Which of the following sources of cost advantage is the;least costly to duplicate?;? Question 28;A firm that undertakes backward vertical integration and;develops second sources is pursuing opportunities associated with neutralizing;the threat of ________.;? Question 29;All of the following except _______ are appropriate;characteristics for organizing to implement product differentiation.;? Question 30;0 out of 3 points;Which of the following pressures does not favor industry;globalization?;? Question 31;0 out of 3 points;Which of the following lowers the threat of rivalry in the;industry?;? Question 32;Investment, past success, interconnectedness of resources;time-compression diseconomies, causal ambiguity and invisible assets are;important factors in determining ________.;? Question 33;Which of the following is true concerning intended and;realized strategies?;? Question 34;During the fall 2014 football season, the University of;Michigan Head Football Coach allowed a quarterback, whom had just experienced a;concussion, to reenter the game. The public outcry from this incident resulted;in forcing the Head Coach to fulfill his leadership role as __________.;? Question 35;3 out of 3 points;Top management was interested in assessing the value of the;knowledge, skills, and abilities of its employees but wanted to include a;valuation of the processes within the company that facilitated teamwork and;cooperation across departments and divisions. Which of the following types of;capital does top management need to assess?;? Question 36;The PESTEL model is most commonly used to analyze the;? Question 37;Which of the following are key evaluation criteria for;testing the quality of your strategy?;? Question 38;Lowering the price of your products below all of your;competitors is ____________.;? Question 39;Sources of cost advantages include which of the following?;? Question 40;Which of the following is a major limitation of the SWOT;framework?;? Question 41;Which of the following is NOT one of the three overarching;themes in strategic management?;? Question 42;n enabling organizational culture that encourages teamwork;is an example of _________.;? Question 43;is a measure of anticipated firm performance.;? Question 44;Which of the following characteristics of Toyota's value;chain is most likely to lead to a sustained competitive advantage?;? Question 45;A good strategy will utilize _______, neutralize;exploit _______, avoid _________.;? Question 46;Strategic management _________________.;? Question 47;Under Armour's addition of products such as AllSeason Gear, HeatGear;and ColdGear is an example of ________.;? Question 48;Which of the following is a limitation of accounting;measures of firm performance?;? Question 49;A firm's theory of how to compete successfully should focus;on _______.;? Question 50;In order to be price competitive within Industry Z;competitors had to move down a learning curve, achieve a minimum efficient;scale that required tremendously high investment in physical plant and obtain;the rights to rare and valuable raw materials. Which of the following of;Porter's 5-Forces appears to be weak?;? Question 51;The total of primary and support value-adding activities by;which a firm produces, distributes, and markets a product is known as ______.;? Question 52;Which of the following measures would be the least;appropriate to use in comparing the performance of two firms that differed;substantially in terms of number of employees?;? Question 53;Which of the following is not true about strategy and/or;strategic management?;? Question 54;Which of the following is true regarding cost leadership?;? Question 55;are companies that provide products and services;that can be used together rather than providing competing products and;services.;? Question 56;Please consider the following pairs of manufacturing costs;and revenues: $10,000<$12,000, $5,000<$11,000, $9,000<$13,000;$11,000<$17,000, $8,000<$14,000. Which of the following lists of;strategies follows the same sequence?;? Question 57;Holding a conviction that one's own national, group, or;cultural characteristics are "normal" is referred to as _________.;? Question 58;A set of firms that face similar threats and opportunities;that are different from the threats and opportunities facing other firms in an;industry are referred to as _________.;? Question 59;Do a firm's resources and capabilities enable the firm;to respond to environmental threats or oppotunities?" Is an example of a;question of _____.;? Question 60;Realized strategy is best described as a combination of;strategies.;? Question 61;If your firm possesses brand identification and customer;loyalty, this is considered a barrier to entry in terms of _______.;? Question 62;Using the SWOT analysis, which of the following focus on the;firm's internal resources?;? Question 63;The primary objective of top management is to ___________.;? Question 64;Which of the following is NOT a pressure favoring industry;globalization?;? Question 65;Being "stuck in the middle" means _________.;? Question 66;occurs when the average total cost increases at;higher levels of input.;? Question 67;A firm, operating under conditions of perfect competition;that generates just enough value with its resources to fully compensate the;owners of all those resources, including a risk-adjusted rate of return for;suppliers of capital, is likely to be experiencing _______.


Paper#51801 | Written in 18-Jul-2015

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