WPC 470 FINAL EXAM NEWEST BUNDLE 2024 EXAM ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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WPC 470 MOORE ASU FINAL EXAM NEWEST 2024
EXAM ACTUAL EXAM COMPLETE 120 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
The decisions that senior management makes and the goaldirected actions it takes to gain and sustain competitive
advantage in several industries and markets simultaneously –
ANSWER- Corporate strategy
An increase in the variety of products and services a firm offers
or markets and the geographic regions in which it competes –
ANSWER- Diversification
Situation in which the stock price of highlt diversified firms is
valued at less than the sum of their individual business units –
ANSWER- Diversification discount
Situation in which the stock price of related-diversification firms
is valued at greated than the sum of their individual business
units – ANSWER- Diversification premium
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A theoretical framework in strategic management to explain and
predict the boundaries of the firm, which is central to
formulating a corporate strategy that is more likely to lead to
competitive advantage – ANSWER- Transaction cost economics
Costs of searching for a firm or an individual with whom to
contract and then negotiating monitoring and enforcing the
contract – ANSWER- External transaction costs
Costs pertaining to organizing an economic exchange within a
hierarchy; also called administrative costs – ANSWER- Internal
transaction costs
Corporate strategy in which a firm is active in several different
countries – ANSWER- Geographic diversification strategy
Depiction of the transformation of raw materials into finished
goods and services along distinct vertical stages, each of which
typically represents a distinct industry in which a number of
different firms are competing – ANSWER- Industry value chain
Situation in which one party is more informed than another
because of the possession of private information – ANSWERInformation asymmetry
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A long-term contract in which a franchisor grants a franchisee
the right to use the franchisors trademark and business processes
to offer goods and services that carry the franchisors brand name
- ANSWER- Franchising
A stand along organization created and jointly owned by two or
more parent companies – ANSWER- Joint venture
A form of long term contracting in the manufacturing sector that
enables firms to commercialize intellectual property –
ANSWER- Licensing
Voluntary arrangements between firms that the sharing of
knowledge, resources and capabilities with the intent of
developing processes, products or services – ANSWERStrategic alliances
Situation in which an agent performing activities on behalf of a
principal pursues his or her own interests – ANSWERPrincipal-agent problem
Corporate strategy in which a firm is active in several different
product markets – ANSWER- Product diversification strategy
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WPC 470 FINAL EXAM NEWEST 2024 EXAM ACTUAL
EXAM COMPLETE 400 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
A company can earn above-average returns only when the value it
creates is:
a.equal to the costs incurred to create that value.
b.less than the costs incurred to create that value.
c.greater than the costs incurred to create that value.
d.both rare and substitutable. – ANSWER- greater than the costs
incurred to create that value.
People buy products from Soco Outfitters because it is a brand name
they know and trust. Soco’s costly-to-imitate capabilities arise from:
a.an ambiguous cause.
b.social complexity.
c.a historical source.
d.interpersonal relationships. – ANSWER- a historical source
Core competencies are often visible in the form of organizational:
a.functions.
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b.value.
c.culture.
d.symbols. – ANSWER- functions
Outsourcing allows a firm to nurture a smaller number of capabilities,
which:
a.increases the potential loss in its ability to innovate.
b.decreases opportunities for competitive advantage.
c.decreases the loss of jobs within the firm.
d.prevents the firm from becoming overextended. – ANSWER- prevents
the firm from becoming overextended.
RXL and NuVal are two major telecommunications companies. They
are in advanced talks for RXL to acquire NuVal, and RXL has hired an
investment bank to exclusively complete the due-diligence process.
RXL’s acquisition performance will likely _ because of this decision. a.not be affected b.increase c.decrease d.fail – ANSWER- decrease Managing the business units of a geographically diverse multinational firm requires skill, not only in managing a set of businesses, but
also coordinating __ points of view emerging from businesses
located in countries and regions.
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a.decentralized; diverse
b.centralized; diverse
c.centralized; analogous
d.decentralized; analogous – ANSWER- decentralized, diverse
Your small company makes a product that your European cousins
believe will be popular in their country. You have no foreign
manufacturing expertise, but you can manufacture the product here in
your firm’s domestic facility and ship it to your cousins in Europe,
whose firm will market and distribute the product for you. This is an
example of:
a.a greenfield venture.
b.a strategic alliance.
c.licensing.
d.exporting. – ANSWER- exporting
What are the two things that firms can share to create operational
relatedness?
a.Primary or support activities
b.Tangible or intangible resources
c.Related or unrelated diversification
d.Plans or implementations – ANSWER- primary or support activities
While U.S. firms use downscoping as a restructuring strategy,
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a.the current trend in Europe, Latin America, and Asia is to build
conglomerates.
b.they still use this strategy less frequently than do European companies.
c.many Asian and Latin American conglomerates have also chosen to
downscope.
d.it is a trend that is expected to diminish with increasing globalization. –
ANSWER- many Asian and Latin American conglomerates have also
chosen to downscope.
Coyle Enterprises is a small company that recently entered the lawn
equipment industry. In response, its main competitor, a large and wellestablished company in the industry, has increased its sales presence in
the market. Coyle learns of this move, but does not respond. A lack of
which of the following would likely be the primary reason that Coyle
does not respond?
a.Awareness
b.Market commonality
c.Ability
d.Motivation – ANSWER- ability
Zed Company is considering spinning off one of its divisions into a new
company. What long-term outcomes can it expect?
a.Reduced debt costs
b.Higher risk
c.Higher performance
d.Reduced labor costs – ANSWER- higher performance
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