MGMT 352 EXAM 1 QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS GRADED A++
It appears that Google has a sustained competitive advantage because
a) they are highly profitable and growing
b) they have outperformed rivals consistently over time
c) they currently have the leading online search engine
d) they are willing to take on the Chinese gov't
b) they have outperformed rivals consistently over time
The ups and downs within industries and corporations suggest that competitive
advantage....
a) will remain constant
b) will fail rapidly
c) will likely be transitory
d) will not be affected by industry cycles
c) will likely be transitory
Which of the following does not support the book's definition of strategy?
a) it is about being different from your rivals
b) it requires long-term commitments that are often not easily reversible
c) it is about deciding what to do and what not to do
d) it is about raising prices while containing costs
d) it is about raising prices while containing costs
, Who has the responsibility for implementing business strategy within a single
area?
a) general managers
b) the executive staff
c) the CEO
d) functional managers
d) functional managers
which of the following is not a main industry group in the SCP model?
a) monopolistic competition
b) an oligopoly
c) perfect competition
d) a strategic group
d) a strategic group
non- price competition such as today's rivalry between coca- cola and pepsi
refers to:
a) when one firm cuts prices to gain market share, the competition will do the
same
b) when a firm is driving costs down in order to gain competitive advantages
through lower prices
c) when a firm has no pricing power that leads to a competitive disadvantage
d) when a firm is offering a unique products and services as opposed to
competing on price
d) when a firm is offering a unique products and services as opposed to competing price
COMPLETE SOLUTIONS GRADED A++
It appears that Google has a sustained competitive advantage because
a) they are highly profitable and growing
b) they have outperformed rivals consistently over time
c) they currently have the leading online search engine
d) they are willing to take on the Chinese gov't
b) they have outperformed rivals consistently over time
The ups and downs within industries and corporations suggest that competitive
advantage....
a) will remain constant
b) will fail rapidly
c) will likely be transitory
d) will not be affected by industry cycles
c) will likely be transitory
Which of the following does not support the book's definition of strategy?
a) it is about being different from your rivals
b) it requires long-term commitments that are often not easily reversible
c) it is about deciding what to do and what not to do
d) it is about raising prices while containing costs
d) it is about raising prices while containing costs
, Who has the responsibility for implementing business strategy within a single
area?
a) general managers
b) the executive staff
c) the CEO
d) functional managers
d) functional managers
which of the following is not a main industry group in the SCP model?
a) monopolistic competition
b) an oligopoly
c) perfect competition
d) a strategic group
d) a strategic group
non- price competition such as today's rivalry between coca- cola and pepsi
refers to:
a) when one firm cuts prices to gain market share, the competition will do the
same
b) when a firm is driving costs down in order to gain competitive advantages
through lower prices
c) when a firm has no pricing power that leads to a competitive disadvantage
d) when a firm is offering a unique products and services as opposed to
competing on price
d) when a firm is offering a unique products and services as opposed to competing price
