BUSA 4980 CHAPTER 1 QUIZ QUESTIONS WITH
VERIFIED ANSWERS
What are the four strategy levels? - Answers - 1. Corporate level
2. Business level
3. Functional level
4. Operational level
Corporate strategy - Answers - which or what businesses should we compete in
Business strategy - Answers - how should we compete in this product
*keyword* exploite
Functional strategy - Answers - functions organization participates in
Operational strategy - Answers - day to day operations
What is the largest consumer market? - Answers - European Union
Strategic competiveness - Answers - achieved when a firm successfully formulates and
implements a value-creating strategy
Hyper-competition is characterized by: - Answers - 1. market instability and change
2. rapidly escalating competition
3. aggressive challengers
What are the 2 drivers of hyper-competition? - Answers - 1. Technology
2. Globalization
Gloablization - Answers - - goods and services flow across country borders
- performance standards are higher w/ globalization
- increased importance of developing countries
Developing countries are also known as - Answers - emerging markets
strategic flexibility - Answers - an important tool in hyper-competition
disruptive technology creates - Answers - new industries
what is the key to competitive advantage? - Answers - information
#11 answer - Answers - B
VERIFIED ANSWERS
What are the four strategy levels? - Answers - 1. Corporate level
2. Business level
3. Functional level
4. Operational level
Corporate strategy - Answers - which or what businesses should we compete in
Business strategy - Answers - how should we compete in this product
*keyword* exploite
Functional strategy - Answers - functions organization participates in
Operational strategy - Answers - day to day operations
What is the largest consumer market? - Answers - European Union
Strategic competiveness - Answers - achieved when a firm successfully formulates and
implements a value-creating strategy
Hyper-competition is characterized by: - Answers - 1. market instability and change
2. rapidly escalating competition
3. aggressive challengers
What are the 2 drivers of hyper-competition? - Answers - 1. Technology
2. Globalization
Gloablization - Answers - - goods and services flow across country borders
- performance standards are higher w/ globalization
- increased importance of developing countries
Developing countries are also known as - Answers - emerging markets
strategic flexibility - Answers - an important tool in hyper-competition
disruptive technology creates - Answers - new industries
what is the key to competitive advantage? - Answers - information
#11 answer - Answers - B
