Mid-Term Exam - Week 4 ALL ANSWERS 100% CORRECT FALL-2021 SOLUTION GUARANTEED GRADE A+

Part 1 of 1 - 100.0/ 100.0 Points Question 1 of 25 4.0 / 4.0 Points Ethical principles in business • A. deal chiefly with the actions and behaviors required to operate companies in a socially responsible manner. • B. are not materially different from ethical principles in general. • C. deal chiefly with the rules each company's top management and board of directors make about "what is right" and "what is wrong." • D. are generally less stringent than the ethical principles for society at large. Question 2 of 25 4.0 / 4.0 Points refers to the strategy of approaching worldwide markets with standardized products. • A. Horizontal integration • B. Vertical integration • C. Globalization • D. Franchising Question 3 of 25 4.0 / 4.0 Points 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 Question 4 of 25 4.0 / 4.0 Points As its industry becomes increasingly , a firm must begin to coordinate an increasing number of functional activities to effectively compete across countries. • A. global • B. local • C. multidomestic • D. regional Question 5 of 25 4.0 / 4.0 Points A(n) is a major unfavorable situation in a firm's environment. • A. Threat • B. Weakness • C. Competitive disadvantage • D. Core strength Question 6 of 25 4.0 / 4.0 Points is the relentless focus on providing customers with reliable products or services at competitive prices and delivered with minimal difficulty or inconvenience. • A. Value discipline • B. Domestic strategy • C. Operational excellence • D. Customer intimacy Question 7 of 25 4.0 / 4.0 Points 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. Operational excellence • B. Product leadership • C. Customer intimacy • D. Value discipline Question 8 of 25 4.0 / 4.0 Points A(n) reflects a company's awareness of how, when and where is should compete, against whom it should compete and for what purpose it should compete. • A. Strategy • B. Organizational structure • C. Vision • D. Long-term objective Question 9 of 25 4.0 / 4.0 Points 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. Weakness • B. Threat • C. Marginal resource • D. Competitive limit Question 10 of 25 4.0 / 4.0 Points To a large extent, attitudes at the corporate level reflect the concerns of • A. Stockholders and society at large • B. Top managers • C. The CEO • D. The federal government Question 11 of 25 4.0 / 4.0 Points occurs in oligopolistic industries where the direct effect of extensive government intervention creates a global competitive climate. • A. Industrial clustering • B. Cost globalization drivers • C. Regulated competition • D. Political competition Question 12 of 25 4.0 / 4.0 Points The transfer by firms of the full production process of a particular product to a single, low-cost location and the export of the goods to various consumer markets is: • A. Product specialization • B. Industrial clustering • C. Value chain reengineering • D. Value chain disaggregation Question 13 of 25 4.0 / 4.0 Points are strategies that involve making changes in products and services, policy adjustments, business positioning, and expectations for success. • A.