Business And FinanceChapter 1 Q & A
Please enter something

Chapter 1 Q & A

Sonny Williams avatar Sonny Williams
25 May 2024
4.8 (237 reviews)
15 test answers

Unlock all answers in this set

Unlock answers (11)
question
A winning Strategy is one that
answer
Helps the company achieve a sustainable competitive advantage,
question
Which of the following statements about a company's strategy is false?
answer
A company's strategy is deliberately kept under wraps
question
Which of the following is not one of the reasons that a company's strategy evolves over time?
answer
The need on the part of the company managers to make regular
question
A company achieves sustainable competitive advantage when
answer
an attractive number of buyers are drawn to purchase its products
question
What makes a competitive advantage sustainable or durable as opposed to temporary is
answer
Actions or elements in the strategy that cause an attractive number
question
Based on Figure 1.1, which of the following is not something to look for in identifying a company's strategy?
answer
Actions to raise or lower the company's performance targets
question
Two crucial elements of a company's business model are
answer
its customer value proposition
question
The difference between a company's business model and a company's strategy is that
answer
its business model relates to management's blueprint for delivering
question
Crafting an ethical strategy requires that managers
answer
carefully and conscientiously consider whether each proposed
question
In crafting a strategy, management is in effect saying
answer
"among all the many different business approaches and ways of competing
question
The customer value proposition portion of a company's business model concerns
answer
the company's approach to satisfying buyer needs
question
Good strategy combined with good strategy execution
answer
are strongly correlated with how well the company
question
A company's strategy
answer
represents managerial commitment to undertake
question
For a company's strategy to qualify as "ethical", it is important
answer
for the strategy not to entail action or behaviors that cross
question
A company's strategy evolves from one version to the next
answer
as managers abandon obsolete or ineffective strategy