MGMT CAPSTONE FINAL ACTUAL EXAM WITH 100+QUESTIONS
AND VERIFIED CORRECT ANSWERS|NEWEST UPDATE 2026|
ALREADY GRADED A+ |GUARANTEED SUCCESS
List four factors that make a decision strategic
o 1. Dealing with competition and external environment
o 2. Requires choice and trade-offs
o 3. Decision-making in the face of incredible uncertainty
o 4. Often involves product/marketing choices
What is the difference between a strategy and a tactic?
o Strategy is the overall plan for deploying resources to establish a favorable position. Tactic is a
scheme for a specific maneuver. Tactics often make up strategy.
difference between vision and mission
o Vision is the desired future for our firm and its environment. Big Hairy Audacious Goal. Setting
a large goal that many think is nearly impossible to achieve
o Mission is what do we value.
A Corporate-level strategy answers which question?
Defines the scope of the business in terms of the industries and markets in which it competes
, A Business-level strategy answers which question?
o How the firm competes within a particular industry or market. To win a business unit one
must adopt a strategy that establishes competitive advantage over its rivals
• Know the components of the general environment (e.g. sociocultural, demographic) and be
able to recognize examples of each (e.g. Inflation is an Economic variable)
o Demographic- Example: one child policy in China.
o Economic- Trust of the US dollar and bonds are important. As long as people trust the US to
pay our debts, we're fine.
o Global- Example: trade wars.
o Political/Legal
o Technological- Ex: 43% of purchases are now online
o Sociocultural: Ex: Women aren't respected as much as men in certain industries such as when
they are buying a car or a computer
What is the key element in determining whether a product is a true substitute?
o The price/performance trade-off. It is a substitute or just a competitor? A substitute for a
Chevy truck would not be another truck, but rather a bus/taxi/bike/etc.
What are some examples of barriers to entry?
Economies of scale
Product differentiation
High capital requirements
AND VERIFIED CORRECT ANSWERS|NEWEST UPDATE 2026|
ALREADY GRADED A+ |GUARANTEED SUCCESS
List four factors that make a decision strategic
o 1. Dealing with competition and external environment
o 2. Requires choice and trade-offs
o 3. Decision-making in the face of incredible uncertainty
o 4. Often involves product/marketing choices
What is the difference between a strategy and a tactic?
o Strategy is the overall plan for deploying resources to establish a favorable position. Tactic is a
scheme for a specific maneuver. Tactics often make up strategy.
difference between vision and mission
o Vision is the desired future for our firm and its environment. Big Hairy Audacious Goal. Setting
a large goal that many think is nearly impossible to achieve
o Mission is what do we value.
A Corporate-level strategy answers which question?
Defines the scope of the business in terms of the industries and markets in which it competes
, A Business-level strategy answers which question?
o How the firm competes within a particular industry or market. To win a business unit one
must adopt a strategy that establishes competitive advantage over its rivals
• Know the components of the general environment (e.g. sociocultural, demographic) and be
able to recognize examples of each (e.g. Inflation is an Economic variable)
o Demographic- Example: one child policy in China.
o Economic- Trust of the US dollar and bonds are important. As long as people trust the US to
pay our debts, we're fine.
o Global- Example: trade wars.
o Political/Legal
o Technological- Ex: 43% of purchases are now online
o Sociocultural: Ex: Women aren't respected as much as men in certain industries such as when
they are buying a car or a computer
What is the key element in determining whether a product is a true substitute?
o The price/performance trade-off. It is a substitute or just a competitor? A substitute for a
Chevy truck would not be another truck, but rather a bus/taxi/bike/etc.
What are some examples of barriers to entry?
Economies of scale
Product differentiation
High capital requirements
