BUSN313 Quiz 4 Midterm ALL ANSWERS 100% CORRECT FALL-2021/2022 SOLUTION GUARANTEED GRADE A+

Question 1 of 25 is a firm that operates in a number of countries, and adjust its products and processes in each, at high relative cost. A. Global company B. BRIC C. Multi-national pg. 6 D. Joint Venture Question 2 of 25 occurs as a result of a relative competitive advantage that is created by the industry itself. A. Regulated competition B. Industrial clustering pg. 35 C. Political competition D. Cost globalization drivers Question 3 of 25 is the relentless focus on providing customers with reliable products or services at competitive prices and delivered with minimal difficulty or inconvenience. A. Domestic strategy B. Value discipline C. Customer intimacy D. Operational excellence pg. 83 Question 4 of 25 are strategies that involve making changes in products and services, policy adjustments, business positioning, and expectations for success. A. Adaption strategies B. Innovation strategies C. Variation strategies pg. 52 D. Externalization strategies Question 5 of 25 A(n) is a limitation or deficiency in one or more of a firm's resources or capabilities relative to its competitors that creates a disadvantage in effectively meeting customer needs. A. Marginal Assistance B. Weakness C. Competitive limit D. Threat Question 6 of 25 Which responsibilities reflect the company's notion of right and proper business behavior? A. Economic B. Legal C. Ethical D. Discretionary Question 7 of 25 refers to the strategy of approaching worldwide markets with standardized products A. Horizontal integration B. Vertical integration C. Globalization D. Franchising Question 8 of 25 describes a firm’s intention to change or adapt its core (domestic) business model to achieve a competitive advantage as the firm engages in globalized operations. A. Core strategy B. Value proposition C. Global strategy pg. 78 D. Market participation Question 9 of 25 consists of the full range of tangible and intangible benefits that a company provides to its customers (stakeholders). A. Global strategy B. Core strategy C. Value proposition pg. 3 D. Market Participation Question 10 of 25 The demand preference of consumers who desire to be the first to adopt new technologies or possess new, different, and unusual products is known as: A. Value discipline B. Customer intimacy C. Operational excellence D. Product leadership pg. 95 Question 11 of 25 are strategies that exploit economic or other differences between national or regional markets, usually by locating separate parts of the supply chain in different places. A. Externalization strategies B. Adaption strategies C. Innovation strategies D. Arbitrage pg. 2 Question 12 of 25 A(n) is a major unfavorable situation in a firm's environment. A. Core strength B. Threat C. Weakness D. Competitive disadvantage