Study guides, Class notes & Summaries

GEB 4890 - EXAM 2 EXAM QUESTIONS AND ANSWERS (2023/2024) (VERIFIED ANSWERS)

GEB 4890 Exam 1 (CH 1, 2, 3, 4, 5&6) Already Graded A company strategy the set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: are elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors--reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approaches for set...

GEB 4890 Exam 2 Questions With Verified Answers Define competitive strategy - answerSpecific efforts to position yourself in the marketplace, please customers, ward off competitive threats, and achieve a competitive advantage. What is the purpose of competitive strategy? - answerTo build customer loyalty and outcompete rivals. Identify the 5 generic competitive strategies - answer-Low-cost provider -Broad differentiation -Focused low-cost provider -Focused differentiation strategy -Bes...

arily concerned with strengthening the company's market position and building competitive advantage in a single-business company or in a single business unit of a diversified multi-business corporation Business model - answerSets forth the logic for how its strategy will create value for customers and at the same time generate revenues sufficient to cover costs and realize a profit Two Elements of a Business Model - answer- Customer value proposition - Profit formula Vision - answerwhere...

GEB 4890 Exam One Study Guide Questions And Answers (Verified And Updated) Strategy - answerthe coordinated set of actions that its managers take in order to outperform the company's competitors and achieve superior profitability -Objective of a well-crafted strategy is not merely temporary competitive success and profits in the short run, but rather the sort of lasting success that can support growth and secure the company's future over the long term -Strategy, at its essence, is about...

GEB4890 Exam Questions With Verified Answers Strategy - answerSet of action's that a company's managers take to outperform the company's competitors and achieve superior profitability-- competitive initiatives and business approaches Business Model - answerHow the firm will make money: customer value proposition & profit formula Customer Value Proposition - answerSatisfying buyer wants and needs at a price that customers will consider a good value Customer Value Proposition is most at...

GEB 4890 Chapter 9 Exam Questions With Verified Answers Which of the following statements does NOT accurately describe sustainability? - answerSustainability requires that shareholders be prepared to accept lower returns to support environmental protection Which of the following receives a boost from corporate social agendas that address only social issues? - answera company's reputation for corporate citizenship According to the triple bottom line, which of the following statements is N...

GEB 4890 Exam Questions With Verified Answers Company strategy - answerthe set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: - answerare elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors- -reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approache...

answerStrives to incorporate upscale product attributes at a lower cost than rivals. This approach is a hybrid strategy that blends the elements of low-cost and differentiation strategies. May be focused or broad. How can the low-cost provider strategy be used to achieve a competitive advantage? - answerIt provides a defense against the 5 competitive forces, can compete based on costs/prices. Identify and describe the 2 major avenues for achieving a cost advantage in an industry - answer-...

GEB 4890 Final Exam Questions And Answers (Verified And Updated) Strategy - answerThe coordinated set of actions that its managers take in order to outperform the company's competitors and achieve superior profitability. Competitive Advantage - answerAdvantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices Strategic Advantage - answerRefers to those marketplace benefits...

GEB 4890 Exam One Study Guide Questions And Answers (Verified And Updated) Strategy - answerthe coordinated set of actions that its managers take in order to outperform the company's competitors and achieve superior profitability -Objective of a well-crafted strategy is not merely temporary competitive success and profits in the short run, but rather the sort of lasting success that can support growth and secure the company's future over the long term -Strategy, at its essence, is about...

GEB4890 Exam Questions With Verified Answers Strategy - answerSet of action's that a company's managers take to outperform the company's competitors and achieve superior profitability-- competitive initiatives and business approaches Business Model - answerHow the firm will make money: customer value proposition & profit formula Customer Value Proposition - answerSatisfying buyer wants and needs at a price that customers will consider a good value Customer Value Proposition is most at...