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BUSI 3250 FINAL EXAM (CH. 7-9) 2026
LATEST QUESTIONS AND ANSWERS|
ACE YOUR GRADES.
Value chain analysis - correct answer -assesses where and to
what extent value is added to the final product or service
Knowledge - correct answer -controllable corporate resource
Mission statement - correct answer -defines the organizations
purpose and scope
Vision statement - correct answer -describes the desired future
position if organization can acquire the necessary competencies
and successfully implement its strategy
Values statement - correct answer -A brief articulation of the
principles that guide a company's decisions and behaviors
, Page | 2
Corporate objectives - correct answer -goals of the company
stated in terms of profit or return on investment
Competitive strategies - correct answer -action plans that help
organizations reach their objectives
Reduction of costs; adaptation to local market - correct answer -
two opposing forces in international market
Home replication strategy - correct answer -centralizes product
development functions in home country
Multi domestic strategy - correct answer -Effective when pressure
to adapt products or services for local markets is strong.
Global strategy - correct answer -works when company faces
strong pressures for cost reduction and limited pressure to adapt
to local markets
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Transnational strategy - correct answer -effective when pressures
for both cost reduction and local adaptation
Steps to successful scenario planning - correct answer -1.
Determine the area, scope, and timing of the decisions with
greatest relevance to or impact on your organization.
2. Research existing conditions and trends in a wide variety of
areas (including those areas you might not typically consider).
3. Examine the drivers or key factors that will likely determine the
outcome of the stories you are beginning to build.
4. Construct multiple stories of what could happen next.
5. Play out what the impact of each of these possible futures
might be for your business or organization.
6. Examine your answers and look for those actions or decisions
you'd make that were common to all two or three of the stories
you built.
7. Monitor what does develop so as to trigger your early response
system
BUSI 3250 FINAL EXAM (CH. 7-9) 2026
LATEST QUESTIONS AND ANSWERS|
ACE YOUR GRADES.
Value chain analysis - correct answer -assesses where and to
what extent value is added to the final product or service
Knowledge - correct answer -controllable corporate resource
Mission statement - correct answer -defines the organizations
purpose and scope
Vision statement - correct answer -describes the desired future
position if organization can acquire the necessary competencies
and successfully implement its strategy
Values statement - correct answer -A brief articulation of the
principles that guide a company's decisions and behaviors
, Page | 2
Corporate objectives - correct answer -goals of the company
stated in terms of profit or return on investment
Competitive strategies - correct answer -action plans that help
organizations reach their objectives
Reduction of costs; adaptation to local market - correct answer -
two opposing forces in international market
Home replication strategy - correct answer -centralizes product
development functions in home country
Multi domestic strategy - correct answer -Effective when pressure
to adapt products or services for local markets is strong.
Global strategy - correct answer -works when company faces
strong pressures for cost reduction and limited pressure to adapt
to local markets
, Page | 3
Transnational strategy - correct answer -effective when pressures
for both cost reduction and local adaptation
Steps to successful scenario planning - correct answer -1.
Determine the area, scope, and timing of the decisions with
greatest relevance to or impact on your organization.
2. Research existing conditions and trends in a wide variety of
areas (including those areas you might not typically consider).
3. Examine the drivers or key factors that will likely determine the
outcome of the stories you are beginning to build.
4. Construct multiple stories of what could happen next.
5. Play out what the impact of each of these possible futures
might be for your business or organization.
6. Examine your answers and look for those actions or decisions
you'd make that were common to all two or three of the stories
you built.
7. Monitor what does develop so as to trigger your early response
system
