WPC 480 Study guides, Class notes & Summaries

What is strategy? An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? Internal and External. What are the 3 business strategies? 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? Compare firm performance to a benchmark. ...

WPC 480 Midterm Exam Questions with Correct Answers All of the following were traditional sources of competitive advantage EXCEPT: a. labor costs. b. access to financial resources. c. protected markets. d. a highly educated labor market. - Answer-d Customer loyalty programs such as airline frequent flyer miles are an attempt to: a. decrease competitors' access to distribution channels. b. develop a cost advantage independent of scale. c. increase customers' switching costs. d....

Strategy : An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision : What do we want to accomplish? Mission : How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders : organizations, groups, and individuals. They can affect or are affected by a firm's actions. Competitive Advantage : superior performance relative to other competitors in the same industry or the industry average. 2 | P a g e Susta...

Ackbar, Inc. has had 40% growth in accounting profits for several years, and each new year has been the highest profits Ackbar has ever had. What can you conclude from this information about Ackbar's competitive advantage? : Competitive advantage cannot be assessed Firms that outperform their competitors have a high quality planned strategy. : False A firm may have negative profits for several years in a row and still decide to give a big performance bonus to the CEO or other top exec...

WPC 480 Final Exam What is strategy? - An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - Internal and External. What are the 3 business strategies? - 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? - Compare firm performance to a b...

WPC 480 (FINAL) EXAM REVIEW Ackbar, Inc. has had high growth in profits for several years, and each year it has had the highest profits ever. What can you assess about Ackbar's strategic competitive advantage? - Can assess nothing about competitive advantage. Firms that outperform all their competitors must have a high quality strategy. - False It is not rare that a CEO of a large, public organizations will be given a raise and/or bonus even though the profitability of the firm has ...

WPC 480 FINAL EXAM WITH 100% CORRECT ANSWERS ALREADY GRADED A+

WPC 480 FINAL EXAM WITH 100% CORRECT ANSWERS ALREADY GRADED A+ 2024

WPC 480 (FINAL EXAM WITH 100% CORRECT ANSWERS ALREADY GRADED A+).

WPC 480 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS ALREADY GRADED A+

WPC 480 EXAM #1 WITH 100% CORRECT ANSWERS ALREADY GRADED A+

WPC 480 WITH 100% CORRECT ANSWERS ALREADY GRADED A+.