Exam 2: Identifying Competitive Advantages

Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter's three generic strategies. Which of the following companies are using a focused strategy?

When evaluating the value chain, all of the following are included in the primary value activities except ________.

Which of the following offers an example where Porter's five forces are mostly strong and competition is high?

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for the community?

What are Porter's three generic strategies?

Your boss, David Ferrell, has asked you to analyze the soft drink industry using Porter's Five Forces Model. Which of the following represents rivalry in the soft drink industry?

Imagine you are creating a new product to sell in an up-and-coming market. Which of the following statements indicates that it would be difficult for you to enter this new market?

Mindy Novak is writing a paper and he must determine which of Porter's three generic strategies Beulah's Boutiques has implemented. Mindy finds out that Beulah's Boutiques offers specialty products found only in boutiques around the world to affluent customers. What would Mindy determine Beulah's Boutiques is using as its generic strategy?

Which of the following statements is true?

What is supplier power?

MIS is a business function. Which of the following does MIS perform to help aid the company in decision making and problem solving?

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

Porter's Five Forces Model outlines the process for a sales strategy.

A SWOT analysis evaluates an organization's strengths, weaknesses, objectives, and threats.

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving. What does MIS stand for?

What is a way of monitoring the entire system in a company, by viewing the multiple inputs being processed to produce outputs?

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for partners/suppliers?

What is productivity?

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for shareholders/investors?