BUSI 4940 UNT ACTUAL SCRIPT 2026
QUESTIONS WITH ANSWERS GRADED A+
●● Strategy.
Answer: an integrated and coordinated set of commitments and actions
designed to exploit core competencies and gain a competitive advantage
●● Competitive advantage.
Answer: when by implementing a chosen strategy, it creates superior
value for customers and when competitors are not able to imitate the
value the firm's products create or find it too expensive to attempt
imitation
●● Above-average returns.
Answer: returns in excess of what an investor expects to earn from other
investments with a similar amount of risk
●● Risk.
Answer: an investor's uncertainty about the economic gains or losses
that will result from a particular investment
●● Average returns.
,Answer: returns equal to those an investor expects to earn from other
investments possessing a similar amount of risk
●● Hypercompetition.
Answer: a condition where competitors engage in intense rivalry,
markets change quickly and often, and entry barriers are low
●● Global economy.
Answer: one in which goods, services, people, skills, and ideas move
freely across geographic borders
●● Resources.
Answer: inputs into a firm's production process, such as capital
equipment, the skills of individual employees, patents, finances, and
talented managers
●● Capability.
Answer: the capacity for a set of resources to perform a task or an
activity in an integrative manner
●● Core competencies.
Answer: capabilities that serve as a source of competitive advantage for
a firm over its rivals
, ●● Stakeholders.
Answer: individuals, groups, and organizations that can affect the firm's
vision and mission, are affected by the strategic outcomes achieved, and
have enforceable claims on the firm's performance
●● Strategic leaders.
Answer: people located in different areas and levels of the firm using the
strategic management process to select actions that help the firm achieve
its vision and fulfill its mission
●● Organization culture.
Answer: the complex set of ideologies, symbols, and core values that
individuals throughout the firm share and that influence how the firm
conducts business
●● Globalization.
Answer: the increasing economic interdependence among countries and
their organizations as reflected in the flow of products, financial capital,
and knowledge across country borders
●● Technology diffusion.
Answer: the speed at which new technologies become available to firms
and when firms choose to adopt them
QUESTIONS WITH ANSWERS GRADED A+
●● Strategy.
Answer: an integrated and coordinated set of commitments and actions
designed to exploit core competencies and gain a competitive advantage
●● Competitive advantage.
Answer: when by implementing a chosen strategy, it creates superior
value for customers and when competitors are not able to imitate the
value the firm's products create or find it too expensive to attempt
imitation
●● Above-average returns.
Answer: returns in excess of what an investor expects to earn from other
investments with a similar amount of risk
●● Risk.
Answer: an investor's uncertainty about the economic gains or losses
that will result from a particular investment
●● Average returns.
,Answer: returns equal to those an investor expects to earn from other
investments possessing a similar amount of risk
●● Hypercompetition.
Answer: a condition where competitors engage in intense rivalry,
markets change quickly and often, and entry barriers are low
●● Global economy.
Answer: one in which goods, services, people, skills, and ideas move
freely across geographic borders
●● Resources.
Answer: inputs into a firm's production process, such as capital
equipment, the skills of individual employees, patents, finances, and
talented managers
●● Capability.
Answer: the capacity for a set of resources to perform a task or an
activity in an integrative manner
●● Core competencies.
Answer: capabilities that serve as a source of competitive advantage for
a firm over its rivals
, ●● Stakeholders.
Answer: individuals, groups, and organizations that can affect the firm's
vision and mission, are affected by the strategic outcomes achieved, and
have enforceable claims on the firm's performance
●● Strategic leaders.
Answer: people located in different areas and levels of the firm using the
strategic management process to select actions that help the firm achieve
its vision and fulfill its mission
●● Organization culture.
Answer: the complex set of ideologies, symbols, and core values that
individuals throughout the firm share and that influence how the firm
conducts business
●● Globalization.
Answer: the increasing economic interdependence among countries and
their organizations as reflected in the flow of products, financial capital,
and knowledge across country borders
●● Technology diffusion.
Answer: the speed at which new technologies become available to firms
and when firms choose to adopt them
