BSG COMPREHENSIVE FINAL EXAM
PRACTICE TEST 2026 TESTED QUESTIONS
WITH 100% CORRECT ANSWERS GRADED
A+
⩥ There are many routes to competitive advantage, but they all involve
Answer: providing buyers with what they perceive as superior value
compared to the offerings of rival sellers.
⩥ Which one of the following statements about whether a company's
strategy can be considered ethical is true? Answer: just keeping a
company's strategic actions within the bounds of what is legal does not
mean the strategy is ethical.
⩥ Among all the things managers do, nothing affects a company's
ultimate success or failure more fundamentally than Answer: how well
its management team charts the company's direction, develops
competitively effective strategic moves and business approaches, and
pursues what needs to be done internally to produce good day-in/day-out
strategy execution and operating excellence.
⩥ The difference between a company's strategy and a company's
business model is that Answer: its strategy is defined by the specific
market positioning, competitive moves, and business approaches
management employs to try to produce good business results while its
,business model relates to management's blueprint for delivering a
valuable product or service to customers in a manner that will generate
revenue sufficient to cover costs and yield an attractive profit.
⩥ Which of the following is NOT one of the reasons that a company's
strategy evolves over time? Answer: the need on the part of company
managers to make regular strategy adjustments so as to keep rivals off
balance and always guessing about what moves it will make next.
⩥ A company achieves competitive advantage when Answer: it has some
type of edge over rivals in attracting buyers and coping with competitive
forces.
⩥ Which one of the following does NOT account for why a company's
strategy evolves over time, as shown in Figure 1.2 and explained in the
accompanying text discussion? Answer: managerial preferences for
keeping the life-cycle of any given strategy short.
⩥ In choosing among strategy alternatives, company managers Answer:
are well-advised to embrace strategic actions that can pass the test of
moral scrutiny -- it is not enough to just stay within the bounds of what
is legal and is in compliance with prevailing government regulations.
⩥ A company's strategy evolves from one version to the next Answer: as
managers abandon obsolete or ineffective strategy elements, settle upon
a set of proactive strategy elements, and then -- as new circumstances
, unfold -- make adaptive strategic adjustments, which gives rise to
reactive strategy elements.
⩥ According to Figure 1.1, which of the following is NOT something to
look for in identifying a company's strategy? Answer: actions to
strengthen the company's competitive position by hiring one or more
new top executives or laying off a portion of its work force or paying
down its long-term debt.
⩥ The two crucial elements of a company's business model are Answer:
its profit proposition or "profit formula" and its customer value
proposition.
⩥ Which one of the following questions can be used to distinguish a
winning strategy from a mediocre or losing strategy? Answer: how well
does the strategy fit the company's situation?
⩥ A company's business model Answer: sets forth how its strategy and
operating approaches will create value for customers while at the same
time generating revenues sufficient to cover costs and realize a profit.
⩥ A company's strategy is most accurately defined as Answer:
management's commitment to pursue a particular set of actions in
attracting and pleasing customers, competing successfully, capitalizing
on opportunities to grow the business, responding to changing market
PRACTICE TEST 2026 TESTED QUESTIONS
WITH 100% CORRECT ANSWERS GRADED
A+
⩥ There are many routes to competitive advantage, but they all involve
Answer: providing buyers with what they perceive as superior value
compared to the offerings of rival sellers.
⩥ Which one of the following statements about whether a company's
strategy can be considered ethical is true? Answer: just keeping a
company's strategic actions within the bounds of what is legal does not
mean the strategy is ethical.
⩥ Among all the things managers do, nothing affects a company's
ultimate success or failure more fundamentally than Answer: how well
its management team charts the company's direction, develops
competitively effective strategic moves and business approaches, and
pursues what needs to be done internally to produce good day-in/day-out
strategy execution and operating excellence.
⩥ The difference between a company's strategy and a company's
business model is that Answer: its strategy is defined by the specific
market positioning, competitive moves, and business approaches
management employs to try to produce good business results while its
,business model relates to management's blueprint for delivering a
valuable product or service to customers in a manner that will generate
revenue sufficient to cover costs and yield an attractive profit.
⩥ Which of the following is NOT one of the reasons that a company's
strategy evolves over time? Answer: the need on the part of company
managers to make regular strategy adjustments so as to keep rivals off
balance and always guessing about what moves it will make next.
⩥ A company achieves competitive advantage when Answer: it has some
type of edge over rivals in attracting buyers and coping with competitive
forces.
⩥ Which one of the following does NOT account for why a company's
strategy evolves over time, as shown in Figure 1.2 and explained in the
accompanying text discussion? Answer: managerial preferences for
keeping the life-cycle of any given strategy short.
⩥ In choosing among strategy alternatives, company managers Answer:
are well-advised to embrace strategic actions that can pass the test of
moral scrutiny -- it is not enough to just stay within the bounds of what
is legal and is in compliance with prevailing government regulations.
⩥ A company's strategy evolves from one version to the next Answer: as
managers abandon obsolete or ineffective strategy elements, settle upon
a set of proactive strategy elements, and then -- as new circumstances
, unfold -- make adaptive strategic adjustments, which gives rise to
reactive strategy elements.
⩥ According to Figure 1.1, which of the following is NOT something to
look for in identifying a company's strategy? Answer: actions to
strengthen the company's competitive position by hiring one or more
new top executives or laying off a portion of its work force or paying
down its long-term debt.
⩥ The two crucial elements of a company's business model are Answer:
its profit proposition or "profit formula" and its customer value
proposition.
⩥ Which one of the following questions can be used to distinguish a
winning strategy from a mediocre or losing strategy? Answer: how well
does the strategy fit the company's situation?
⩥ A company's business model Answer: sets forth how its strategy and
operating approaches will create value for customers while at the same
time generating revenues sufficient to cover costs and realize a profit.
⩥ A company's strategy is most accurately defined as Answer:
management's commitment to pursue a particular set of actions in
attracting and pleasing customers, competing successfully, capitalizing
on opportunities to grow the business, responding to changing market
