STUDENTS SUCCESS
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
BADM 4801:TEST 1 2024-2025 ACTUAL EXAM COMPLETE -
QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz Strategic Competitiveness
Ans: achieved when a firm successfully formulates and implements a value creating
strategy.
Quiz Strategy
Ans: an integrated and coordinated set of commitments and actions designed to
exploit core competencies and gain a competitive advantage
Quiz Competitive advantage
Ans: when it implements a strategy that creates superior value for customers and
that competitors are unable to duplicate or find it too costly to try to imitate.
-not permanent
Quiz Above-average returns
Ans: e returns in excess of what an investor expects to earn from other investments
with a similar amount of risk
Quiz Risk
Ans: an investor's uncertainty about the economic gains or losses that will result
from a particular investment
Quiz Average returns
,Ans: returns equal to those an investor expects to earn from other investments with
a similar amount of risk
Quiz Strategic Management Process
Ans: the full set of commitments, decisions, and actions required for a firm to
achieve strategic competitiveness and earn above-average returns
significantly impacted by the external environment of the firm or org
Quiz Hypercompetition
Ans: is excessive such that it creates inherent instability and necessitates constant
disruptive change for firms in the competitive landscape
Quiz Global Economy
Ans: one in which goods, services, people, skills, and ideas move freely across
geographic borders
Quiz Globalization
Ans: the increasing economic interdependence among countries and their
organizations as reflected in the flow of goods and services, financial capital, and
knowledge across country borders
Quiz Technology Diffusion
Ans: Speed at which new technologies become available and are used
Quiz Perpetual innovation
Ans: how rapidly and consistently new information and intensive technologies
replace older ones
Quiz Disruptive technologies
Ans: destroy the value of existing technologies and create new markets
(apple iphone changed everything)
Quiz Knowledge
Ans: information, intelligence, and expertise
Quiz Strategic Flexibility
Ans: set of capabilities used to respond to various demands and opportunities
existing in a dynamic and uncertain competitive environment
, Quiz 5 forces model of competition
Ans: buyers
suppliers
rivalry amongst firms
product sustainability
potential entrants to industry
Quiz I/O model
Ans: 1. Study the external environment, especially the industry environment.
2. Locate an industry with high potential for above- average returns.
3. Identify the strategy called for by the attractive industry to earn above- average
returns.
4. Develop or acquire assets and skills needed to implement the strategy.
5. Use the firm's strengths (its developed or acquired assets and skills) to implement
the strategy.
Quiz Resources
Ans: inputs into a firm's production process, such as capital equipment, the skills of
individual employees, patents, finances, and talented managers
Quiz Capabilities
Ans: the capacity for a set of resources to perform a task or an activity in an
integrative manner.
Quiz Core competencies
Ans: capabilities that serve as a source of competitive advantage for a firm over its
rivals.
Quiz rare resources
Ans: possessed by few or none of the current competition
Quiz Valuable resources
Ans: firms take advantage of opportunities
Quiz costly to imitate resources
Ans: firms cannot obtain them or are at a cost disadvantaged
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
BADM 4801:TEST 1 2024-2025 ACTUAL EXAM COMPLETE -
QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz Strategic Competitiveness
Ans: achieved when a firm successfully formulates and implements a value creating
strategy.
Quiz Strategy
Ans: an integrated and coordinated set of commitments and actions designed to
exploit core competencies and gain a competitive advantage
Quiz Competitive advantage
Ans: when it implements a strategy that creates superior value for customers and
that competitors are unable to duplicate or find it too costly to try to imitate.
-not permanent
Quiz Above-average returns
Ans: e returns in excess of what an investor expects to earn from other investments
with a similar amount of risk
Quiz Risk
Ans: an investor's uncertainty about the economic gains or losses that will result
from a particular investment
Quiz Average returns
,Ans: returns equal to those an investor expects to earn from other investments with
a similar amount of risk
Quiz Strategic Management Process
Ans: the full set of commitments, decisions, and actions required for a firm to
achieve strategic competitiveness and earn above-average returns
significantly impacted by the external environment of the firm or org
Quiz Hypercompetition
Ans: is excessive such that it creates inherent instability and necessitates constant
disruptive change for firms in the competitive landscape
Quiz Global Economy
Ans: one in which goods, services, people, skills, and ideas move freely across
geographic borders
Quiz Globalization
Ans: the increasing economic interdependence among countries and their
organizations as reflected in the flow of goods and services, financial capital, and
knowledge across country borders
Quiz Technology Diffusion
Ans: Speed at which new technologies become available and are used
Quiz Perpetual innovation
Ans: how rapidly and consistently new information and intensive technologies
replace older ones
Quiz Disruptive technologies
Ans: destroy the value of existing technologies and create new markets
(apple iphone changed everything)
Quiz Knowledge
Ans: information, intelligence, and expertise
Quiz Strategic Flexibility
Ans: set of capabilities used to respond to various demands and opportunities
existing in a dynamic and uncertain competitive environment
, Quiz 5 forces model of competition
Ans: buyers
suppliers
rivalry amongst firms
product sustainability
potential entrants to industry
Quiz I/O model
Ans: 1. Study the external environment, especially the industry environment.
2. Locate an industry with high potential for above- average returns.
3. Identify the strategy called for by the attractive industry to earn above- average
returns.
4. Develop or acquire assets and skills needed to implement the strategy.
5. Use the firm's strengths (its developed or acquired assets and skills) to implement
the strategy.
Quiz Resources
Ans: inputs into a firm's production process, such as capital equipment, the skills of
individual employees, patents, finances, and talented managers
Quiz Capabilities
Ans: the capacity for a set of resources to perform a task or an activity in an
integrative manner.
Quiz Core competencies
Ans: capabilities that serve as a source of competitive advantage for a firm over its
rivals.
Quiz rare resources
Ans: possessed by few or none of the current competition
Quiz Valuable resources
Ans: firms take advantage of opportunities
Quiz costly to imitate resources
Ans: firms cannot obtain them or are at a cost disadvantaged
