Business And FinanceChapter 2 example #37721
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Chapter 2

Valor Allen avatar Valor Allen
9 October 2022
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15 test answers

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question
Which country isn't a member of the EU?
answer
Uruguay
question
The stated purpose of NAFTA is to
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phase out all trade and tariff barriers among Canada, Mexico and the US
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Which of the following is not a reason hwy domestic business operations decide to change to some form of international operation?
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attract and retain local talent
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Which of the following statements is incorrect about the mission?
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Each functional area within the firm may develop its own strategy, but not its own supporting mission
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Which of the following is NOT one of the 3 strategic approaches to competitive advantage?
answer
innovation
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Competing on differentiation
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concerned with uniqueness
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Competing on cost
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achieving maximum value as perceived by the customer
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The creation of a unique advantage over competitors is referred as
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competitive advantage
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Which of the following is NOT one of the 10 strategic decisions listed in the text?
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finance/accounting
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Which of the following is NOT an OM strategy/issue during the introduction stage of the product life cycle?
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long production runs
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A method managers use to evaluate the resources at their disposal and manage them to achieve competitive advantage is referred to as
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resources view
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What is a graphical link of competitive advantage, KSFs and supporting activities?
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activity map
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Which of the following is the core competence for Honda?
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gas powered engines
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Which of these is not an advantage of outsourcing?
answer
potential creation of future competition
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What is the difference between a multinational corporation and an international business?
answer
For the multinational firm, the business done outside the country is especially significant