Question 1

With the Five Forces Model, companies should watch the forces in the market. If the forces are strong, competition generally increases, and if the forces are weak, competition typically decreases.

Accepted Answer

A) True 
 B)False

Question 2

What does a SWOT analysis do?

Accepted Answer

A)   Evaluates an organization's strengths, weaknesses, objectives, and threats
B)   Evaluates an organization's strengths, weaknesses, opportunities, and threats
C)   Evaluates an organization's supporters, weaknesses, opportunities, and technology
D)   Evaluates an organization's systems, warehouses, outputs, and technologyE) A) and B)
F) None of the above

Question 3

FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.

Accepted Answer

A) True 
 B)False

Question 4

Buyer power is included as one of Porter's three generic strategies.

Accepted Answer

A) True 
 B)False

Question 5

Increasing sales, decreasing costs, entering new markets, or developing new products or services are all examples of successful business strategies.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is considered a good?

Accepted Answer

A)   Milk and eggs
B)   Managing a team
C)   Selling groceries
D)   All of the choices are correctE) A) and D)
F) None of the above

Exam 2: Identifying Competitive Advantages

FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.

Correct Answer
verified

Which of the following is considered a good?

Correct Answer
verified

What does a SWOT analysis do?

Correct Answer
verified

Increasing sales, decreasing costs, entering new markets, or developing new products or services are all examples of successful business strategies.

Correct Answer
verified

Buyer power is included as one of Porter's three generic strategies.

Correct Answer
verified

With the Five Forces Model, companies should watch the forces in the market. If the forces are strong, competition generally increases, and if the forces are weak, competition typically decreases.

Correct Answer
verified

Exam 2: Identifying Competitive Advantages

FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.

Correct AnswerverifiedShow Answer

Which of the following is considered a good?

Correct AnswerverifiedShow Answer

What does a SWOT analysis do?

Correct AnswerverifiedShow Answer

Increasing sales, decreasing costs, entering new markets, or developing new products or services are all examples of successful business strategies.

Correct AnswerverifiedShow Answer

Buyer power is included as one of Porter's three generic strategies.

Correct AnswerverifiedShow Answer

With the Five Forces Model, companies should watch the forces in the market. If the forces are strong, competition generally increases, and if the forces are weak, competition typically decreases.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified