BUS/475: Integrated Business Topics - Week 1 Questions and Answers 2025

BUS/475: Integrated Business Topics - Week
1 Questions and Answers 2025
WhichAofAtheAfollowingAelementsAcompriseAstrategicAmanagement?A
(CheckAallAthatAapply.)A-AcorrectAanswers-analysis
implementation
formulation
BurgerABombAisAaAnewAhamburgerArestaurant.AInAorderAtoAcompeteAsuccessfullyAagainstA
itsAmanyAcompetitors,ABurgerABombAhasAdecidedAtoAfocusAonAqualityAandAanAinteresting,
AuniqueAmenuAthatAusesAlocallyAsourced,AorganicAingredients.AThisAisAknownAasABurgerA

Bomb'sA______.A-AcorrectAanswers-strategy
EffectiveAguidingApolicyAisAsupportedAbyAandAstaysAconsistentAthroughAtheAuseAofA______.
A-AcorrectAanswers-strategicAcommitments

BurgerABombAhasAbeenAoutperformingAotherAburgerArestaurantsAinArecentAyears.AThisAindi
catesAthatABurgerABombAhasAwhichAofAtheAfollowing?A-AcorrectAanswers-
AAcompetitiveAadvantage
SustainableAcompetitiveAadvantageAexistsAwhenAaAfirmA______.A-AcorrectAanswers-
maintainsAsuperiorAperformanceArelativeAtoAitsAindustryAoverAaAlongAperiodAofAtime
WhatAisAtheAoverallApurposeAofAstrategicAmanagement?A-AcorrectAanswers-
GainAcompetitiveAadvantage
TheABrightABulbAlightAbulbAcompanyAproducesAaAlineAofALEDAbulbsAthatAcustomersA
considerAveryAsimilarAtoAcompetitors'ALEDAbulbs.AWhichAofAtheAfollowingAconditionsAmustA
beAtrueAforABrightABulbAtoAhaveAaAcompetitiveAadvantage?A-AcorrectAanswers-
TheAbulbsAmustAhaveAaAlowerAcostAthanAcompetitors'Abulbs.
StrategyAisA______.A-AcorrectAanswers-
theAsetAofAactionsAaAfirmAtakesAtoAachieveAaAcompetitiveAadvantage
WhatAmustAaAfirmAdoAafterAdiagnosingAitsAspecificAcompetitiveAchallenge?A-
AcorrectAanswers-CreateAanAeffectiveAguidingApolicy

TheAgroupsAorAindividualsAwhoAcanAimpactAorAbeAimpactedAbyAaAfirm'sAactionsAareAknownA
asA______.A-AcorrectAanswers-stakeholders
WhenAaAfirmAimplementsAaAstrategyAthatAleadsAtoAsuperiorAperformanceArelativeAtoAotherAc
ompaniesAinAtheAsameAindustry,AitAisAsaidAtoAhaveAachievedA______.A-AcorrectAanswers-
aAcompetitiveAadvantage
AAfirm'sAattemptsAtoAmanageAtheAwebAofArelationshipsAbetweenAinternalAandAexternalA
stakeholdersAinAorderAtoAcreateAvalueAisAknownAasA______.A-AcorrectAanswers-
stakeholderAstrategy
AAcompetitiveAadvantageAthatAlastsAforAaAlongAperiodAofAtimeAisAsaidAtoAbeA______.A-
AcorrectAanswers-sustainable

StakeholderAimpactAanalysisAisAaAdecisionAtoolAthatAhelpsAaAcompanyAdoAwhichAofAtheA
following?A(CheckAallAthatAapply.)A-AcorrectAanswers-AchieveAaAcompetitiveAadvantage
ActAasAaAgoodAcorporateAcitizen
InAwhichAofAtheAfollowingAsituationsAcanAaAfirmAprovidingAgoodsAandAservicesAgainAaA

, competitiveAadvantage?A-AcorrectAanswers-
TheirAofferingsAareAsimilarAtoAcompetitors'AofferingsAatAhigherAprices.
TheirAofferingsAprovideAmoreAvalueAforAconsumersAthanAcompetitors'Aofferings.
TheirAofferingsAareAofAsimilarAqualityAtoAcompetitors'AofferingsAbutAcanAbeAsoldAatAlower
ApricesAdueAtoAlowerAcosts.

AAstakeholderAhasA______AwhenAitsAneedsAareAwithinAtheAboundsAofAtheAlawAorAareAother
wiseArelevantAtoAtheAfirm.A-AcorrectAanswers-aAlegitimateAclaim
WhichAofAtheAfollowingAareAtheArelationshipsAthatAaAfirmAhasAwithAstakeholders?A-
AcorrectAanswers-StakeholdersAcanAaffectAtheAfirm'sAactions.

TheAactionsAofAtheAfirmAcanAaffectAstakeholders.
WhichAofAtheAfollowingAquestionsAareApartAofAtheAfiveAstepsAinAstakeholderAimpactAanalysis
?A-AcorrectAanswers-WhatAopportunitiesAandAthreatsAdoAourAstakeholdersApresent?
WhatAareAourAstakeholders'AinterestsAandAclaims?
WhoAareAourAstakeholders?
WhichAofAtheAfollowingAareAaimsAofAstakeholderAstrategy?A(SelectAallAthatAapply.)A-
AcorrectAanswers-ToAmanageAvariousAstakeholdersAeffectively

ToAgainAandAsustainAcompetitiveAadvantage
WhenAidentifyingAstakeholders,AaAfirmAshouldAfocusAonAthoseAstakeholdersAthatA______.A-
AcorrectAanswers-currentlyAhave,AorAcouldApotentiallyAhave,AaAmaterialAeffectAonAtheAfirm

WhichAofAtheAfollowingAisAaAtoolAthatAmanagersAcanAuseAtoAaddressAtheAneedsAofAstakehol
dersAwhileAmaintainingAaAcompetitiveAadvantage?A-AcorrectAanswers-
stakeholderAimpactAanalysis
TheAconcept,AorAframework,AofAcorporateAsocialA_____AguidesAfirmsAinAidentifyingAandAad
dressingAtheirAeconomic,Alegal,Aethical,AandAphilanthropicAobligationsAtoAsociety.A-
AcorrectAanswers-responsibility

WhichAofAtheAfollowingAareAtheAthreeAimportantAstakeholderAattributesAmanagersAmustApa
yAparticularAattentionAtoAduringAstakeholderAimpactAanalysis?A(CheckAallAthatAapply.)A-
AcorrectAanswers-legitimacy

power
urgency
ClickAandAdragAonAelementsAinAorder

PlaceAtheAfiveAstepsAofAtheAstakeholderAimpactAanalysisAinAorder,AwithAtheAfirstAstepAatAtheA
top.A-AcorrectAanswers-1.AWhoAareAourAstakeholders?
2.AWhatAareAourAstakeholders'Ainterests?
3.AWhatAopportunitiesAandAthreatsAdoAourAstakeholdersApresent?
4.AWhatAeconomic,Alegal,Aethical,AandAphilanthropicAresponsibilitiesAdoAweAhaveAtoAourAsta
keholders?
5.AwhatAshouldAweAdoAtoAeffectivelyAaddressAtheAstakeholderAconcerns?
MatchAtheAelementAofAtheApyramidAofAcorporateAsocialAresponsibilityA(onAtheAleft)AwithAitsAe
xplanationA(onAtheAright).
InstructionsA-AcorrectAanswers-philanthropicAresponsibilities-corporateAcitizenship

ethicalAresponsibilities-doAwhatAisAright,Ajust,AandAfair