MGT 4150 Business Strategy Clemson
Test 2 Study Set
What Metric was referred to for Tesla in the WSJ article "Auto and Transport Roundup"?
- ANSWER Deliveries
Important indicator(s) of how well a company's present strategy is working is whether: -
ANSWER The Company is achieving its financial and strategic objectives and whether it is
an above average industry performer.
If my profit = $33 on something that costs $100 to make, what is the product gross
margin? - ANSWER $33/$133= 25%
What does Mr. Liddle suggest you always START a financial discussion with? - ANSWER
Sales Revenue
What does the first line of a typical income statement usually contain? - ANSWER
Revenue
A company's resources and capabilities represent - ANSWER The firms competitive
assets, which are considered big determinants of its competitiveness and ability to
succeed in the market place
, The four tests of a resources competitive power are often referred to as: - ANSWER The
VRIN test, which asks if a resource is valuable, rare, inimitable, and non- substitutable.
A company has a proficiency in performing a strategically and competitively important
value chain activity better than its rivals, it is said to have: - ANSWER A distinctive
competence
A SWOT analysis is a simple but powerful tool for: - ANSWER Sizing up a company's
resources and capabilities, strengths, and deficiencies, its market opportunities, and the
external threats to its future well being.
A company's value chain identifies: - ANSWER The primary activities and related support
activities it performs in creating customer value
Identifying the strategic issues and problems that merit front burner managerial
attention: - ANSWER Helps set managements agenda for taking actions to improve the
company's performance and business outlook.
The generic types of competitive strategies include: - ANSWER Low cost provider, broad
differentiation, best cost provider, focused low cost and focused differentiation.
A low cost leader translates its low cost advantage over rivals into superior profit
performance by: - ANSWER Either using its lower cost edge to under price competitors
and attract price senstivie buyers in great enough numbers to increase total profits or
maintain the present price, and using the lower cost edge to earn a higher profit margin
on each unit sold, thereby raising total profits and overall return on investment.
Test 2 Study Set
What Metric was referred to for Tesla in the WSJ article "Auto and Transport Roundup"?
- ANSWER Deliveries
Important indicator(s) of how well a company's present strategy is working is whether: -
ANSWER The Company is achieving its financial and strategic objectives and whether it is
an above average industry performer.
If my profit = $33 on something that costs $100 to make, what is the product gross
margin? - ANSWER $33/$133= 25%
What does Mr. Liddle suggest you always START a financial discussion with? - ANSWER
Sales Revenue
What does the first line of a typical income statement usually contain? - ANSWER
Revenue
A company's resources and capabilities represent - ANSWER The firms competitive
assets, which are considered big determinants of its competitiveness and ability to
succeed in the market place
, The four tests of a resources competitive power are often referred to as: - ANSWER The
VRIN test, which asks if a resource is valuable, rare, inimitable, and non- substitutable.
A company has a proficiency in performing a strategically and competitively important
value chain activity better than its rivals, it is said to have: - ANSWER A distinctive
competence
A SWOT analysis is a simple but powerful tool for: - ANSWER Sizing up a company's
resources and capabilities, strengths, and deficiencies, its market opportunities, and the
external threats to its future well being.
A company's value chain identifies: - ANSWER The primary activities and related support
activities it performs in creating customer value
Identifying the strategic issues and problems that merit front burner managerial
attention: - ANSWER Helps set managements agenda for taking actions to improve the
company's performance and business outlook.
The generic types of competitive strategies include: - ANSWER Low cost provider, broad
differentiation, best cost provider, focused low cost and focused differentiation.
A low cost leader translates its low cost advantage over rivals into superior profit
performance by: - ANSWER Either using its lower cost edge to under price competitors
and attract price senstivie buyers in great enough numbers to increase total profits or
maintain the present price, and using the lower cost edge to earn a higher profit margin
on each unit sold, thereby raising total profits and overall return on investment.
