BUS 475 FINAL EXAM LATEST ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+<\/p>\n\n\n\n
BUS 475 FINAL EXAM LATEST 2023-2024 ACTUAL bread, which later features among the company’s products with the Which of the following statements best describes forward integration? –
EXAM 100 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+
The managers at Spring Hotels want to find out how their competitor,
Crimson Valley Hotels, consistently outdoes them. Spring Hotels have
the same facilities and equipment as Crimson Valley Hotels, but each
month its efforts to reach the benchmark set by Crimson Valley Hotels
fails. This is because Crimson Valley has elements such as great
location, beautiful architectural design, and customer-friendly
employees that create an edge over other companies in its industry.
Which of the following does this scenario exemplify? – ANSWERResource-based view of the firm
The owners of Carpo Inc., a watch company, also own a steel company
and a leather goods manufacturing company. This relieves them from
expenses that they would have to bear, if they had to rely on outside
sources for the raw materials needed to make their watches. This enables
the company to produce watches at a much lesser cost than other
companies in the industry. This scenario best illustrates a(n) __<\/em><\/strong>. –
ANSWER- Cost advantage
Appetit Corp. is a famous deli in the metropolitan city of Atika. The
company became popular because of its consistency in the quality of
bread it provided and its creativity in adding unique elements to create
different flavors. One of Appetit’s products is an infusion of peanut
butter and barbeque sauce filled in a bun. Appetit Corp. also engages its
customers in contests that ask them to make their own unique variety of<\/p>\n\n\n\n
winner’s name. All these factors have helped to create unique value that
keeps its customers coming back for more. This scenario best illustrates
Appetit Corp.’s . – ANSWER- Capabilities
The managers at Marker Inc., a moving company, want to formulate a
plan of action to implement their mission, “We deliver what we promise.
Always.” To achieve this, the company chooses the best markets to
invest in, buys state-of-the-art transportation vehicles, employs spill and
damage proof style of packaging equipment, and develops a serviceoriented mentality. This method of conducting business earns them a
reputation. This scenario is an example of <\/strong>. – ANSWERDeliberate strategy
The board of directors of White Corp. meets to analyze the company’s
competencies and scope for improvement. It also examines whether
White Corp. has been able to meet its potential customers’ requirements.
The board of directors of White Corp. is involved in a(n) . –
ANSWER- Internal analysis
Which of the following statements is true about the role of technology in
a firm’s profitability? – ANSWER- Technological change can often
lower barriers to entry.
The attractiveness of an industry is <\/strong>. – ANSWER- The degree
to which an average firm in the industry can earn good profits<\/p>\n\n\n\n
ANSWER- A firm goes into the business of its former buyers, rather
than continuing to sell products to them.
The airline industry is a profitable industry. The firms in this industry
create barriers to entry through patents and regulations in order to reduce
the threat of new entrants. It also minimizes the threat of substitutes
while keeping rivalry to a minimum. The airline industry can be best
categorized as a(n) . – ANSWER- Attractive industry
A federal act was passed in the country of Arahonia which changed the
way many of the Arahonian industries worked. Most of the firms in
Arahonia had to restructure their strategic plans accordingly. This
resulted in the larger firms acquiring the smaller ones which did not exit
the market altogether. This scenario best illustrates a(n) <\/strong>. –
ANSWER- Regulatory force
The management of GNH Corp., a chemical plant in the city of
Werkshore, has promised to take care of its surroundings. It assured to
dispose its factory wastes in a way that does not affect the habitat. In
order to do so, the company had to go through renovations that allow the
plant to take up green initiatives. Which of the following is the source of
change for GNH Corp.? – ANSWER- Natural environment
Hercules Inc. is a high performing steel manufacturing company. Chang,
a stakeholder of the company, believes that it is important to protect the
company from threats. Hercules Inc. has often struggled to overcome
rivalry and product substitutes. Chang claims that if the company
constantly keeps a check on itself by creating power over buyers, paying
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