WPC 480 EXAM QUESTIONS AND ANSWERS
LATEST UPDATE (ALREADY GRADED A+)
. Green design, sustainable packaging, waste management, and energy efficiency are aspects of the
__________ segment of the general environment that companies have sought to address with
environmental sustainability initiatives.
a. technological
b. political/legal
c. global
d. physical
d. physical
Globalization has led to:
a. lower operational efficiency, as firms must transport raw materials and finished goods farther.
b. increasing loyalty of customers for products made domestically.
c. declining returns from investment in research and development.
d. higher performance standards in competitive dimensions, including quality and cost.
d-higher performance standards in competitive dimensions, including quality and cost.
Exit barriers to a firm include all of the following EXCEPT:
a. generic assets.
b. loyalty to employees.
c. government concern about job loss.
d. restrictive labor agreements.
a- generic assets.
101. Historically, women have paid more for dry cleaning than men. Signature Cleaners advertises
"equal price" for all customers. Signature Cleaners appeals to women, which is market segmentation
by __________ factors.
a. demographic
b. socioeconomic
c. geographic
d. consumption pattern
a. demographic
A firm's core competencies, integrated with an understanding of the results of studying the conditions
in the external environment, should:
a. guarantee profits.
b. lead to a first-mover advantage.
c. drive the selection of strategies.
d. increase the firm's market share.
, c-drive the selection of strategies.
A company in a __________ industry is LEAST likely to make heavy use of patents and copyrights.
a. slow-cycle
b. medium-cycle
c. standard-cycle
d. fast-cycle
d. fast-cycle
Buyers are powerful when:
a. there is a threat of forward integration.
b. they purchase a small proportion of the supplier's output.
c. switching costs are low.
d. the buyers' industry is fragmented.
c. switching costs are low.
A general environmental analysis can be expected to produce all of the following EXCEPT:
a. objective answers.
b. recognition of environmental trends.
c. identification of organizational opportunities.
d. identification of organizational threats.
a. objective answers.
Coca-Cola and PepsiCo have been accused of contributing to the obesity problem in the United States.
This accusation comes from the __________segment of the general environment.
a. economic
b. political/legal
c. technological
d. sociocultural
d. sociocultural
A firm that is LEAST likely to launch competitive actions is one that has:
a. organizational slack.
b. advanced research and development.
c. recently improved the quality of its products.
d. large size.
d. large size.
Because firms combine tangible and intangible resources to create capabilities:
a. these capabilities are fragile and subject to sudden loss of value.
b. capabilities are often based on developing, carrying, and exchanging information and knowledge
through the firm's human capital.
c. capabilities are easily transferred from one firm to another as employees change jobs.
d. these types of capabilities are considered primary activities in the value chain.
LATEST UPDATE (ALREADY GRADED A+)
. Green design, sustainable packaging, waste management, and energy efficiency are aspects of the
__________ segment of the general environment that companies have sought to address with
environmental sustainability initiatives.
a. technological
b. political/legal
c. global
d. physical
d. physical
Globalization has led to:
a. lower operational efficiency, as firms must transport raw materials and finished goods farther.
b. increasing loyalty of customers for products made domestically.
c. declining returns from investment in research and development.
d. higher performance standards in competitive dimensions, including quality and cost.
d-higher performance standards in competitive dimensions, including quality and cost.
Exit barriers to a firm include all of the following EXCEPT:
a. generic assets.
b. loyalty to employees.
c. government concern about job loss.
d. restrictive labor agreements.
a- generic assets.
101. Historically, women have paid more for dry cleaning than men. Signature Cleaners advertises
"equal price" for all customers. Signature Cleaners appeals to women, which is market segmentation
by __________ factors.
a. demographic
b. socioeconomic
c. geographic
d. consumption pattern
a. demographic
A firm's core competencies, integrated with an understanding of the results of studying the conditions
in the external environment, should:
a. guarantee profits.
b. lead to a first-mover advantage.
c. drive the selection of strategies.
d. increase the firm's market share.
, c-drive the selection of strategies.
A company in a __________ industry is LEAST likely to make heavy use of patents and copyrights.
a. slow-cycle
b. medium-cycle
c. standard-cycle
d. fast-cycle
d. fast-cycle
Buyers are powerful when:
a. there is a threat of forward integration.
b. they purchase a small proportion of the supplier's output.
c. switching costs are low.
d. the buyers' industry is fragmented.
c. switching costs are low.
A general environmental analysis can be expected to produce all of the following EXCEPT:
a. objective answers.
b. recognition of environmental trends.
c. identification of organizational opportunities.
d. identification of organizational threats.
a. objective answers.
Coca-Cola and PepsiCo have been accused of contributing to the obesity problem in the United States.
This accusation comes from the __________segment of the general environment.
a. economic
b. political/legal
c. technological
d. sociocultural
d. sociocultural
A firm that is LEAST likely to launch competitive actions is one that has:
a. organizational slack.
b. advanced research and development.
c. recently improved the quality of its products.
d. large size.
d. large size.
Because firms combine tangible and intangible resources to create capabilities:
a. these capabilities are fragile and subject to sudden loss of value.
b. capabilities are often based on developing, carrying, and exchanging information and knowledge
through the firm's human capital.
c. capabilities are easily transferred from one firm to another as employees change jobs.
d. these types of capabilities are considered primary activities in the value chain.
